Cadence Completes Purchase of Antrim Assets

11/25/2002 - Cadence Design Systems, the world's leading supplier of electronic design products and services, announced the completion of its purchase of the assets of Antrim Design Systems, a Scotts Valley, California-based company that provides analog design tools.

This purchase, which also involves the hiring of Antrim's core R&D, sales and support team, is a significant milestone in driving next-generation customer solutions based on Cadence's industry-leading Analog Design Environment (ADE). The Antrim technology adds rapid analog prototyping and behavioral characterization and modeling support, augmenting Cadence's existing roadmap. "We believe that merging Antrim's technology with ours will extend our ADE leadership and enable our customers to address their next-generation challenges," said Lavi Lev, Cadence executive vice president of IC Solutions.

"This is the latest in a series of moves Cadence has made over the past two years to consolidate our technology leadership," Lev continued. "Our overall strategy is to strengthen our technology portfolio through both internal R&D and acquisitions so that we can provide our customers with the solutions required in the challenging new era of nanometer design."

Lev stressed that Cadence continues to pursue strategic acquisitions, despite trying economic conditions. "We are committed to the success of our customers, and we will continue to make the investments that address their needs."

Antrim's current products include Aptivia, which provides automated analysis, optimization, characterization and verification; and DCM, which provides characterization and modeling.

About Cadence
Cadence is the world's largest supplier of electronic design technologies and services. Leading computer, networking, wireless, and consumer electronics companies use the company's solutions to design electronic systems and semiconductors down to nanometer scale. IEEE, the world's largest technical professional society, honored Cadence with its 2002 Corporate Innovation Recognition award. With approximately 5,600 employees and 2001 revenues of approximately $1.4 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange under the symbol CDN.

Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc.

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