On the Record · Cadence Design Systems
Cadence Design Systems acquisitions, on the record
The businesses Cadence Design Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Pulsic, Ltd.Word for word“During the second quarter of fiscal 2023, we acquired Pulsic, Ltd., a provider of floorplanning, placement and routing of custom IC software.” 10-K for 2023 | acquisition | second quarter of fiscal 2023 | — |
Rambus SerDes and memory interface PHY IP assetsWord for word“During the third quarter of fiscal 2023, we acquired the Rambus SerDes and memory interface PHY IP assets from Rambus Inc.” 10-K for 2023 | acquisition | third quarter of fiscal 2023 | — |
Intrinsix CorporationWord for word“During the fourth quarter of fiscal 2023, we acquired Intrinsix Corporation, a wholly owned subsidiary of CEVA, Inc., and a provider of design engineering solutions focused on the U.S. aerospace and defense industry.” 10-K for 2023 | acquisition | fourth quarter of fiscal 2023 | — |
Invecas, Inc.Word for word“In January 2024, we acquired Invecas, Inc., a leading provider of design engineering, embedded software and system-level solutions.” 10-K for 2023 | acquisition | January 2024 | — |
OpenEye Scientific SoftwareWord for word“We also offer molecular modeling and simulation solutions obtained through our acquisition of OpenEye Scientific Software in fiscal 2022.” 10-K for 2023 | acquisition | in fiscal 2022 | — |
BETA CAE Systems International AGWord for word“With our acquisition of BETA CAE Systems International AG (“BETA CAE”) in fiscal 2024, we expanded our multiphysics simulation capabilities to include mechanical and structural analysis.” 10-K for 2024 | acquisition | fiscal 2024 | — |
Azuro, Inc.Word for word“Prior to joining Cadence, Dr. Cunningham was co-founder and Chief Executive Officer of Azuro, Inc., a clock concurrent optimization company, that Cadence acquired in July 2011.” 10-K for 2024 | acquisition | July 2011 | — |
Verisity Ltd.Word for word“Prior to joining Cadence in 2005 through Cadence's acquisition of Verisity Ltd., Mr. Scannell served in key positions at Axis Systems, Inc., Synopsys, Inc. and Viewlogic Systems, Inc.” 10-K for 2024 | acquisition | — | — |
VLAB WorksWord for word“With our acquisition of VLAB Works in fiscal 2025, we expanded our automotive electronic software and hardware development capabilities to include advanced virtual prototyping technology.” 10-K for 2025 | acquisition | fiscal 2025 | — |
Arm Artisan foundation IP businessWord for word“In fiscal 2025, we expanded our design IP portfolio with the acquisition of the Arm Artisan foundation IP business, adding standard cell libraries, memory compilers, and general-purpose I/Os (“GPIOs”) optimized for advanced process nodes at leading foundries.” 10-K for 2025 | acquisition | In fiscal 2025 | — |
Secure-ICWord for word“Also in fiscal 2025, we strengthened our embedded security capabilities with the acquisition of Secure-IC, a leader in embedded security IP, solutions, and evaluation tools.” 10-K for 2025 | acquisition | Also in fiscal 2025 | — |
Design & Engineering (“D&E”) business of Hexagon Smart Solutions AB (“Hexagon”), including its MSC Software divisionWord for word“In fiscal 2025, we announced our intent to acquire the Design & Engineering (“D&E”) business of Hexagon Smart Solutions AB (“Hexagon”), including its MSC Software division, which is expected to accelerate our ISD strategy.” 10-K for 2025 | agreed acquisition | In fiscal 2025 | — |
BETA CAE SystemsWord for word“Once complete, our acquisition of these solutions is expected to complement our 2024 acquisition of BETA CAE Systems, further strengthening our presence in the multi-billion-dollar structural analysis market.” 10-K for 2025 | acquisition | 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $41.6 million | $23.6 million |
| 2017-12-30 | $143.2 million | $90.2 million |
| 2018-12-29 | $0 | — |
| 2019-12-28 | $338,000 | — |
| 2021-01-02 | $197.6 million | $120.6 million |
| 2022-01-01 | $226.2 million | $154.4 million |
| 2022-12-31 | $613.8 million | $456.3 million |
| 2023-12-31 | $198.4 million | $160.1 million |
| 2024-12-31 | $737.6 million | $889.6 million |
| 2025-12-31 | $429.5 million | $249.7 million |
Deal filings since 2016
- 2025-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-09-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Cadence Design Systems’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.