Cadence Design Systems: Difference between revisions

Revision as of 17:28, 27 June 2025

Revision as of 17:29, 27 June 2025

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==History==

===1983–1999===

Founded in 1983 in [[San Jose, California]],<ref name="OriginalRef_Sorkin_nytim.com"/> Cadence Design Systems began as an [[Electronic design automation|electronic design automation (EDA)]] company named Solomon Design Automation (SDA).<ref name="OriginalRef_NYTStaff1_nytimes.com"/> SDA's cofounders included [[James Solomon]], [[A. Richard Newton|Richard Newton]],<ref name="OriginalRef_NYTStaff1_nytimes.com"/> and [[Alberto Sangiovanni-Vincentelli]].<ref name="OriginalRef_NYTStaff1_nytimes.com"/><ref>{{Cite web|url=https://www.eetimes.com/author.asp?section_id=67&doc_id=1285941|title=Alberto Sangiovanni-Vincentelli receives EDAA Lifetime Achievement Award|last=Bailey|first=Brian|date=December 20, 2017|website=EE Times}}</ref> Cadence was formed by the merger of SDA and [[ECAD, Inc.|ECAD]]. A public company,<ref name="OriginalRef_NYTStaff1_nytimes.com"/> ECAD had been co-founded by Ping Chao, Glen Antle, and Paul Huang in 1982.<ref name="OriginalRef_NYTStaff1_nytimes.com"/>{{Not in source|date=March 2024}} Cadence Design Systems was officially formed through the 1988 merger of SDA and ECAD,<ref name="OriginalRef_NYTStaff1_nytimes.com"/> with [[Joseph Costello (software executive)|Joseph Costello]] was appointed both CEO and president of the newly combined company. After the merger, Cadence began trading on the [[New York Stock Exchange]] and Costello oversaw further mergers and acquisitions.<ref name="OriginalRef_NYTStaff1_nytimes.com">NYTimes [https://www.nytimes.com/1991/10/04/business/business-people-a-fun-chief-at-cadence-is-serious-merger-man.html A Fun Chief at Cadence Is Serious Merger Man] Retrieved October 4, 1991</ref>

In 1989, the company acquired [[Gateway Design Automation]] for $72 million.<ref name="OriginalRef_staff_nytimes.com_gateway"/> In 1990 it acquired Automated Systems Inc., and in doing so added "board design to its existing line of chip design software."<ref name="OriginalRef_Staff4_nytimes.com"/> In 1991, Cadence acquired its rival [[SCALD|Valid Logic Systems]] for around $200 million, its biggest acquisition yet. The revenues of the combined company were $390 million, making Cadence "the largest provider of the software used by electronic engineers to design computer chips and circuit boards," according to the ''New York Times.''<ref name="OriginalRef_NYTStaff1_nytimes.com"/>