Cadence Design Systems, a leading provider of electronic design automation (EDA) software, has recently announced its acquisition of Invecas, a prominent company specializing in design engineering, embedded software, and system-level solutions. The acquisition aims to expand Cadence’s expertise in custom silicon solutions, adding a skilled system design engineering team to its roster.
The digital transformation of various industries and the increasing number of system companies building custom silicon have driven significant design activity in recent years. As Moore’s law slows down, new More than Moore technologies, such as advanced 2.5D/3D packaging and chiplets, are paving the way for enhanced performance and manufacturing efficiencies. These strategic trends, coupled with advancements in artificial intelligence (AI), have ushered in a new era of design, creating a growing demand for skilled engineering expertise to enable custom silicon and system development efforts.
The acquisition of Invecas brings Cadence a skilled engineering team based in Hyderabad, led by CEO Dasaradha Gude. This team possesses extensive experience in providing end-to-end system solutions, with particular expertise in advanced nodes, mixed-signal, verification, embedded software, packaging, and turnkey custom silicon production. Invecas has fostered close relationships with key players in the design ecosystem, as well as with top foundry and assembly and test partners. Over the years, it has successfully served numerous customers across various industries, including mobile, networking, hyperscaler, and automotive. Invecas will leverage Cadence’s industry-leading EDA solutions and tap into its extensive intellectual property (IP) portfolio to deliver comprehensive custom product solutions.
The terms of the deal have not been disclosed, but it is expected that the acquisition will not have a significant impact on Cadence’s total revenue and earnings this year.
Boyd Phelps, Senior Vice President and General Manager of Cadence’s Silicon Solutions Group, believes that the acquisition of Invecas will bolster the company’s system design engineering offerings, enabling it to support customers in high-growth verticals. These customers face the challenge of enhancing performance while dealing with ever-increasing system-level complexity.
Overall, Cadence’s acquisition of Invecas demonstrates its commitment to meeting the evolving needs of customers in the fast-paced world of custom silicon solutions. By leveraging the expertise and capabilities of Invecas, Cadence aims to provide comprehensive support to customers from the ideation phase to production, navigating the complexities of AI, 2.5D/3D designs, and chiplet integration. With this strategic move, Cadence strengthens its position as a leading player in the EDA industry, catering to the demands of an increasingly competitive and dynamic market.
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