Cadence Expands IP Portfolio With Agreement to Acquire Cosmic Circuits

Thu Feb 7, 2013 6:30pm IST

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  SAN JOSE, CA, Feb 07 (Marketwire) -- 
Cadence Design Systems, Inc. (NASDAQ: CDNS)


--  Cosmic Circuits is a leading IP provider with an extensive
    silicon-proven analog and mixed signal portfolio
--  Provides IP for mobile devices including USB, MIPI, Audio and WIFI at
    advanced process nodes including 40nm and 28nm
--  Top tier customer base has shipped more than 50 million ICs containing
    Cosmic Circuits IP in 2012

    

Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global
electronic design innovation, today announced an agreement to acquire
Cosmic Circuits Private Limited, a leading provider of analog and mixed
signal intellectual property (IP) cores. Cosmic Circuits offers
silicon-proven IP solutions in connectivity and advanced mixed-signal
technologies in the 40nm and 28nm process nodes, with 20nm and FinFET
development well underway. 

    The addition of the Cosmic Circuits(TM) product line will broaden the
Cadence(R) IP portfolio, strengthening its solutions to address mobile
device, cloud/datacenter and "internet of things" market opportunities. 

    Martin Lund, Cadence's senior vice president of R&D for SoC Realization
said, "The addition of Cosmic Circuits' stellar technology and talent
enhances Cadence's position as a leading provider for analog/mixed-signal
IP. The combination of Cadence and Cosmic Circuits will provide customers
with high quality IP to accelerate getting products to market."

    Founded in 2005 and based in Bangalore, India, Cosmic Circuits has been
profitable from its first year of operation and has more than 75
customers worldwide. The company received TSMC's 2010 and 2012 awards for
Analog/Mixed Signal IP Partner of the Year. 

    Ganapathy Subramaniam, CEO of Cosmic Circuits said, "Cosmic Circuits has
a strong track record working with leading foundries to qualify and sell
silicon-proven IP in advanced nodes. Our focus on low-power mobile and
time-to-market critical consumer IP markets will add to Cadence's
existing strength in high-speed serial IP for cloud/server applications."

    As part of this transaction, the IC and Systems business of Cosmic
Circuits will be spun off into a separate new company to be owned by
certain existing shareholders of Cosmic Circuits. 

    The acquisition is expected to close in 30 to 60 days, and is not
expected to have a material impact on Cadence's 2013 results of
operations. Terms of the transaction were not disclosed.

    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, 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.

    Copyright 2013 Cadence Design Systems, Inc. All rights reserved
worldwide. Cadence and the Cadence logo are registered trademarks of
Cadence Design Systems, Inc., and Cosmic Circuits is a trademark of
Cosmic Circuits Private Limited. 

    

Media contact: 
Anna del Rosario 
408-914-6884 
newsroom@cadence.com 

Investor contact:
Alan Lindstrom
408-428-5020
alind@cadence.com 

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