5/9/2003 - Cadence Design Systems, Inc. (NYSE:CDN) announced it has acquired K2 Technologies, Inc., an industry leader in mask data preparation. The acquisition, an important step in the company's design for manufacturing strategy, gives Cadence the most complete technical solution for mask data preparation, including the automation of wafer and reticle layout, jobdeck creation, fracturing and physical verification technologies. The transaction closed today. Terms of the acquisition were not disclosed. Cadence will retain K2's employees, who are located in Salt Lake City, Utah and Dallas, Texas.
"At 90 nanometers and below, you can no longer separate design from manufacturing," said Aki Fujimura, corporate vice president and general manager of the Cadence design for manufacturing (DFM) business unit. "Acquiring K2 is an important element of our strategy to integrate manufacturing data into the design process to ensure customer success.
"Another benefit is that our software designers will have even greater visibility into the manufacturing process," Fujimura added. "This insight will help them improve our tools so that the transition from design to manufacturing is as seamless as possible for our customers."
K2's technology will be ported to the OpenAccess unified database, which Cadence developed and donated to the OpenAccess Coalition. "Porting K2's technologies to OpenAccess is a perfect example of how Cadence combines in-house innovation with smart acquisitions of technology on the ascent," said Fujimura.
"By joining Cadence, our team will have access to resources that will enable us to greatly expand our technologies and reach more customers with our mask data prep tools," said Dave Rogers, CEO of K2 Technologies. "Bringing manufacturing and design together is exactly what is required for next-generation chips, and we are excited about working with Cadence designers to help customers solve DFM problems."
K2 Technologies offers a highly automated approach to design finishing, which includes reticle design synthesis, wafer layout, fracturing, jobdeck generation, generation of mask/wafer fab documentation and physical verification technologies. K2's tools help customers reduce cost, reduce cycle times and eliminate errors.
Cadence is the largest supplier of electronic design technologies, methodology services, and design services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics based products. With approximately 5,200 employees and 2002 revenues of approximately $1.3 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. More information about the company, its products and services is available at www.cadence.com.
Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc.
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