Add-on Acquisition • Software

Cadence Acquires Verplex Systems

On July 14, 2003, Cadence acquired software company Verplex Systems for 88M USD

Acquisition Context
  • This is Cadence’s 17th transaction in the Software sector.
  • This is Cadence’s 12th largest (disclosed) transaction.
  • This is Cadence’s 22nd transaction in the United States.
  • This is Cadence’s 14th transaction in California.

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M&A Deal Summary

Date July 14, 2003
Target Verplex Systems
Sector Software
Buyer(s) Cadence
Deal Type Add-on Acquisition
Deal Value 88M USD

Target Company

Verplex Systems

Milpitas,, California, United States
Verplex Systems is a provider of Formal Verification products, Conformal Solutions and Blacktie Property Checker. Verplex was a formal verification company, offering a solution for functional closure.
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Buyer Overview 1

Buyer

Cadence

San Jose, California, United States

Category Company
Founded 1987
Sector Software
Employees12,700
Revenue 4.6B USD (2024)
DESCRIPTION
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.

Cadence develops system design enablement solutions that customers use to design whole electronics systems, increasingly small and complex integrated circuits, and electronic devices. Cadence's solutions are designed to help customers reduce the time to bring an electronics system, IC, or electronic device to market and to reduce their design, development, and manufacturing costs. Cadence's product offerings include electronic design automation, software, emulation and prototyping hardware, system interconnect and analysis, and categories of intellectual property referred to as verification IP and design IP. Cadence was founded in 1987 and is based in San Jose, California.


Deal Context for Buyer #
Overall 23 of 54
Sector: Software 17 of 36
Type: Add-on Acquisition 22 of 49
State: California 14 of 30
Country: United States 22 of 45
Year: 2003 5 of 5
Size (of disclosed) 12 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-07 K2 Technologies

Salt Lake City,, Utah, United States

K2 Technologies offered an automated approach to design finishing, which includes reticle design synthesis, wafer layout, fracturing, job deck generation, generation of mask/wafer fab documentation and physical verification technologies.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-05 Q Design Automation

Mountain View, California, United States

Q Design Automation, Inc., is a provider of innovative solutions for migrating and optimizing IC layout, a critical bottleneck in today's designs.

Buy -