American multinational computational software company
Cadence Design Systems, Inc.
Cadence headquarters in San Jose, CA
Company type
Public
Traded as
Nasdaq: CDNS
Nasdaq-100 component
S&P 500 component
Industry
Software
Predecessors
Solomon Design Automation, ECAD
Founded
1983; 41 years ago (1983) in San Jose, California as Solomon Design Automation (SDA), renamed Cadence Design Systems in 1988
Founders
James Solomon, Richard Newton, Alberto Sangiovanni-Vincentelli
Headquarters
San Jose, California, U.S.
Key people
Anirudh Devgan (President, CEO)> Lip-Bu Tan (Executive Chairman)
Revenue
US$4.09 billion (2023)
Operating income
US$1.25 billion (2023)
Net income
US$1.04 billion (2023)
Total assets
US$5.67 billion (2023)
Total equity
US$3.40 billion (2023)
Number of employees
11,200 (2023)
Website
www.cadence.com
Footnotes / references [1]
Cadence Design Systems, Inc. (stylized as cādence),[2] is an American multinational technology and computational software company.[3] Headquartered in San Jose, California,[2] Cadence was formed in 1988 through the merger of SDA Systems and ECAD.[3] Initially specialized in electronic design automation (EDA) software for the semiconductor industry,[4] currently the company makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards,[3] and pharmaceutical drugs, also licensing intellectual property for the electronics, aerospace, defense and automotive industries, among others.[5]
^"Cadence Design Systems, Inc. 2023 Annual Report". U.S. Securities and Exchange Commission. February 14, 2024.
^ abInvestor's Business Daily CEO Lip-Bu Tan Molds Troubled Cadence Into Long-Term Leader Retrieved November 12, 2020
^ abcThe Street How Cadence Designs the Future Retrieved July 21, 2020
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CadenceDesignSystems, Inc. (stylized as cādence), is an American multinational technology and computational software company. Headquartered in San Jose...
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Global Information
US$4.09 billion (2023)