WASHINGTON (dpa-AFX) - Cadence Design Systems, Inc. (CDNS) on Monday
announced that it has acquired Invecas, Inc., a provider of design engineering,
embedded software, and system-level solutions, headquartered in Santa Clara,
California.

As part of the acquisition, Cadence will benefit from a highly skilled
engineering team located in Hyderabad, India, led by Invecas CEO Dasaradha Gude.

The Hyderabad team has an extensive track record of delivering end-to-end system
solutions, with a particular focus on advanced nodes, mixed-signal,
verification, embedded software, packaging, and turnkey custom silicon
production.

In addition to Cadence's existing EDA solutions, Invecas will also bring its
well-established expertise to the table, which will enable Cadence to offer more
comprehensive custom product solutions.

Furthermore, Invecas will leverage and augment Cadence's broad IP portfolio to
provide its clients with a superior service experience.

While the financial terms of the acquisition have not been disclosed, it is
expected to have an immaterial impact on Cadence's total revenue and earnings
for this year.



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