Cadence buys IP business of Evatronix
Cadence has acquired the IP business of Polish firm Evatronix. The company's portfolio includes certified USB 2.0/3.0, display, MIPI and storage controllers. The acquisition is expected to close in the second quarter of 2013.
"The rapid innovations in the mobile, connectivity and cloud markets are driving today's IP marketplace," said Martin Lund, senior vp of R&D at Cadence's SoC Realisation group. "Evatronix's IP products will boost Cadence's offering for these segments, with high quality leading edge IP that is production proven."
Evatronix co-founder and president, Wojciech Sakowski, added that the integration would allow its customers to get to market faster with less effort. "As part of Cadence, we will be able to reach more customers globally and to accelerate our IP roadmaps," he concluded.
