Cadence completes acquisition of Jasper Design Automation

Cadence Design Systems, Inc. today announced that it has completed the acquisition of Jasper Design Automation, Inc.

The Jasper team, led by Kathryn Kranen, will join the System & Verification Group reporting to senior vice president Charlie Huang.

Cadence financed the transaction using available cash and an existing revolving credit facility. Cadence expects the transaction to be accretive to its non-GAAP earnings per share in fiscal 2015 after the impact of merger-related accounting.  The impact on fiscal 2014 non-GAAP earnings per share will be provided when Cadence reports its second quarter fiscal 2014 financial results.  The impact on GAAP earnings per share will be available after the completion of valuation and purchase accounting.

The completion of this transaction expands differentiation of Cadence’s System Development Suite, Cadence’s flagship system design and verification platform. Integration of Jasper’s solutions with Cadence’s connected debug analysis and software and hardware verification platforms will improve customers’ ability to leverage Cadence’s unified verification planning, metric-driven verification flow, and extensive dynamic and formal Verification IP portfolio for embedded processor system verification.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

LIVE NEWS FEED

NEW PRODUCTS

Novel Wafer Analyzer for up to 300mm wafer using high speed Raman Imaging Technology
08/08/2016Nanophoton introduces RAMANdrive - a new Wafer Analyzer - for a wide range of applications at semiconductor market a...
Pfeiffer Vacuum introduces HiPace 2800 turbopump for ion implantation applications
07/06/2016Pfeiffer Vacuum has introduced the HiPace 2800 IT turbopump that is designed for ion implantation applications....
NanoFocus AG introduces new inspection system for semiconductors industry
05/31/2016NanoFocus AG, the developer and manufacturer of optical 3D surface measuring technology, introduces the new measuring system µ...