Cadence acquires Invecas to expand system design engineering expertise
Press Release by Cadence Tue 16 Jan 2024
Cadence Design Systems has acquired Invecas, a Santa Clara-based provider of design engineering, embedded software, and system-level solutions.
This acquisition strengthens Cadence’s system design engineering capabilities, adding a skilled team with extensive expertise in chip design, product engineering, advanced packaging, and embedded software.
Addressing Emerging Trends with Expert Engineering
The acquisition comes at a time when trends like digital transformation across various markets and more system companies building custom silicon are driving robust design activity.
With the slowing down of classic Moore’s law, new ‘More than Moore’ technologies such as advanced 2.5D/3D packaging and chiplets are becoming crucial for performance and manufacturing efficiencies.
These trends, coupled with advancements in AI, are creating a new era of design and a growing customer need for skilled end-to-end engineering expertise for custom silicon and system development.
Invecas, led by CEO Dasaradha Gude, brings a team centered in Hyderabad with expertise in advanced nodes, mixed-signal, verification, embedded software, packaging, and turnkey custom silicon production.
The company has established close relationships with key players in the design ecosystem, top foundry, and assembly and test partners, and has served hundreds of customers across various verticals including mobile, networking, hyperscaler, and automotive.
“Generational trends are accelerating the increases in design complexity and driving a customer need for skilled engineering talent that can assist with system design,” said Gude.
Enhancing Cadence’s Portfolio and Customer Solutions
Boyd Phelps, Senior Vice President and General Manager of the Silicon Solutions Group at Cadence, emphasised the strategic importance of the acquisition: “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.”
In addition to leveraging Cadence’s leading EDA solutions, Invecas will augment Cadence’s broad IP portfolio, enabling more comprehensive custom product solutions.
The terms of the transaction were not disclosed, and the cost of acquisition is expected to have an immaterial impact on Cadence’s total revenue and earnings this year.