Cadence to merge with Quickturn Design Systems
by Mike Magee
Cadence said today it will merge with Quickturn Design Systems in a share for share deal worth $253 million.
Cadence is an electronic design software and services company while Quickturn specialises in emulation systems and other engineering services for industrial controllers and electronic systems.
Said Jack Harding, CEO of Cadence: "As the complexity of chip design increases, the complexity of verification increases. By integrating Quickturn's hardware based emulation approach with our software design and simulation systems, we will dramatically improve our ability for faster development of high speed systems on a chip."
The deal will be accounted for as a pooling of interests.
V3 Latest
Scientists outline plan to mitigate impact of glacier ice melt with geoengineering
Geoengineering on the sea floor near glaciers would form a new ice shelf to prevent melting
Scientists uncover correlation between blood flow and body position for first time
Alterations in capillary blood flow can be caused by body position change
NASA's Mars Curiosity rover hit by glitch preventing transmission of scientific data
Curiosity rover is in 'normal mode' but not transmitting scientific data back to base
NatWest IT systems back up following morning outage
NatWest outage comes a day after Barclays' IT systems shut out customers and staff
Most read
