Cadence Lands Biggest Deal in Years

Peter Clarke, Electronics360
23 October 2014

EDA software and intellectual property licensor Cadence Design Systems Inc. has landed its biggest contract in more than five years in the most recent financial quarter. Company executives declined to name the company but Lip-Bu Tan, Cadence CEO, described it as a "marquee global company" in a conference call with analysts held to discuss third quarter financial results.

Tan referred to the contract under the heading of core EDA business but when asked to delve deeper said: "We cannot say more than that. But clearly it’s a very big contract for us and clearly across product lines. Digital is a very good portion of that and then also our verification, our IP business. So overall we are very excited about it and we clearly want to do everything we can to support and then proliferate that business." He concluded: "Overall I think across all product line we’re very excited about it."

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