Cadence Design Systems Inc - Company Profile
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Cadence Design Systems Inc (Cadence) is a provider of electronic system design software and intellectual property (IP). The company’s product and solution portfolio include electronic design automation software, emulation and prototyping hardware, system interconnect and analysis, verification intellectual property and design intellectual property. It offers tool adoption, design systems and flows, design methodologies, custom PDK development and advanced sip technologies, including 3d-ic, transition to advanced process nodes, advanced functional verification, DFM support and validation, and design team ramp-up services. Cadence’s products and services find application in designing and verifying advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company operates through a network of subsidiaries across Asia-Pacific, Europe, the Americas, Middle East, and Africa. Cadence is headquartered in San Jose, California, the US.
Headquarters
United States of America
Address
2655 Seely Avenue, San Jose, California, 95134
Website
www.cadence.com
Telephone
1 408 9431234
No of Employees
11,200
Industry
Technology and Communications
Ticker Symbol & Exchange
CDNS (NASD)
Revenue (2022)
$4.1B
14.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
22.6%
(2022 vs 2021)
Market Cap*
$76.8B
Net Profit Margin (2022)
XYZ
6.8%
(2022 vs 2021)
* As of and is in US$
Cadence Design Systems Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Logic Equivalence Checking | Accelerated Tool Adoption | : |
| Functional ECO | Standardized Design Systems and Flows | Cadence |
| Low-Power Validation | Advanced Design Methodologies | Virtuoso |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, the company launched the Cadence Palladium Z3 Emulation and Protium X3 FPGA Prototyping systems. |
| 2024 | Contracts/Agreements | In March, the company entered into a partnership with Arm to supply a chiplet-based reference design and software development platform. |
| 2024 | Contracts/Agreements | In March, the company expanded its multi-year partnership with NVIDIA to launch two transformative solutions to reinvent design using accelerated computing and generative AI. |
Competitor Comparison
| Key Parameters | Cadence Design Systems Inc | Siemens AG | Synopsys Inc | Keysight Technologies Inc | ANSYS Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | United States of America | United States of America | United States of America |
| City | San Jose | Muenchen | Mountain View | Santa Rosa | Canonsburg |
| State/Province | California | Bayern | California | California | Pennsylvania |
| No. of Employees | 11,200 | 321,000 | 20,300 | 15,500 | 6,200 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mary Louise Krakauer | Chairman | Executive Board | 2023 | 67 |
| Anirudh Devgan | President; Director; Chief Executive Officer | Executive Board | 2021 | 54 |
| John M. Wall | Senior Vice President; Chief Financial Officer | Senior Management | 2017 | 53 |
| Neil Zaman | Senior Vice President; Chief Revenue Officer | Senior Management | 2020 | 55 |
| Nimish Modi | Senior Vice President; General Manager - Strategy and New Ventures | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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