Cadence acquisition accelerates EDA360 execution
Cadence Design Systems has completed the acquisition of eda software and IP specialist, Denali Software.
Denali's product portfolio includes memory models, design IP and verification IP. According to Cadence, the completion of the transaction will enable the electronics design specialist to accelerate its EDA360 execution.
"We envision a way forward for the electronics industry, called EDA360, that addresses the emerging shift to applications-driven systems and SoC Realisation," said Lip-Bu Tan, pictured, president and chief executive officer, Cadence. "Our customers' needs are changing, and eda providers must respond with their own EDA360 initiatives. The acquisition of Denali, and its world class design and verification IP and memory models, gives Cadence a significant, first mover advantage as we execute our strategy."
The Denali team will report to Nimish Modi, senior vice president, research and development, Front End Group, Cadence.
