Cadence buys design services firm Invecas
EDA company Cadence Design Systems Inc. (San Jose, Calif.) has acquired ASIC design services and embedded software provider Invecas Inc. (Santa Clara, Calif.) for an undisclosed sum of money.
Invecas was founded in 2014 by Dasaradha Gude, CEO, with its headquarters in California and engineering resources in India. The purchase adds a skilled system design engineering team to Cadence, with expertise in providing customers with custom solutions across chip design, product engineering, advanced packaging and embedded software
Invecas has relationships with IP licensors and foundry and assembly and test partners and has served hundreds of customers across various verticals, including mobile, networking, hyperscaler and automotive.
“With complexity and challenges increasing due to the proliferation of AI, 2.5D/3D and chiplet designs, customers need access to experienced teams that can assist with bringing designs from ideation to production,” said Boyd Phelps, senior vice president and general manager, Silicon Solutions Group, Cadence. “With the acquisition of Invecas, Cadence is able to scale our system design engineering offerings to support customers in critical high-growth verticals who are faced with the need to aggressively increase performance while tackling ever-increasing system-level complexity.”
The acquisition is expected to be immaterial to Cadence’s total revenue and earnings this year.
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