Cadence ChipEstimate.com IP Ecosystem Wins 2009 DesignVision Award

SANTA CLARA, CA -- (MARKET WIRE) -- Feb 04, 2009 -- Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic design innovation, today announced that the ChipEstimate.com IP ecosystem has been recognized with a DesignVision Award by the International Engineering Consortium (IEC). DesignVision Awards recognize technologies, applications, products, and solutions judged to be the most unique and beneficial to the semiconductor industry.

"We are honored to receive this recognition of the value the ChipEstimate.com portal brings to the electronics industry," said Adam Traidman, group marketing director, Chip Planning Solutions Organization at Cadence. "The honor is shared with the over 200 IP suppliers and foundries who work together to accelerate our mutual customers' design success."

"The IEC's DesignVision Awards recognize top contributions to the design engineering industry. We're pleased to recognize Cadence Design Systems as a DesignVision Awards Winner for its ChipEstimate.com IP ecosystem," commented IEC Executive President Roger Plummer.

The ChipEstimate.com chip planning portal is an ecosystem comprised of over 200 of the world's largest IP suppliers and foundries. These companies all share in the common vision of helping the worldwide electronics design community achieve greater profitability and success. To date, a diverse global audience of over 20,000 users has joined the ChipEstimate.com community and has collectively performed over 80,000 chip estimations. ChipEstimate.com is a property of Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic design innovation.

About Cadence

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 and hardware, methodologies, 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.

Cadence is a registered trademark and the Cadence logo is a trademark of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

For more information, please contact:
Dean Solov
Cadence Design Systems, Inc.
408-944-7226

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