The completion of this transaction further expands Cadence's IP portfolio, strengthening its solutions to address mobile, cloud/datacenter and "internet of things" market opportunities.
The Cosmic Circuits team will report to Martin Lund, Cadence's senior vice president of research and development, SoC Realization Group.
The acquisition is not expected to have a material impact on Cadence's 2013 results of operations. Terms of the transaction were not disclosed.
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.
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