Cadence Design Systems Acquires Integrand Software, Inc.

Cadence Acquires Secure-IC

October 30, 2025

Cybersecurity

Cadence Design Systems has completed its acquisition of Secure-IC, a provider of embedded security IP, security evaluation tools and related services. The deal enhances Cadence’s embedded cybersecurity capabilities and positions the company to better address security and regulatory requirements across end markets such as automotive, aerospace, data center and IoT.

Cadence Design Systems Acquires Invecas

January 8, 2024

Engineering Services

Cadence Design Systems has acquired Invecas, a design engineering and embedded software firm headquartered in Santa Clara, California, to strengthen Cadence's system design engineering capabilities across chip design, advanced packaging and embedded software. The acquisition brings an engineering team centered in Hyderabad and is expected to be immaterial to Cadence's revenue; terms were not disclosed.

Siemens Acquires Avatar Integrated Systems

July 15, 2020

Software

Siemens Digital Industries Software (Mentor) has agreed to acquire Avatar Integrated Systems Inc., a Santa Clara, California developer of place-and-route electronic design automation (EDA) software. Avatar will be integrated into Siemens' Xcelerator portfolio and Mentor IC EDA suite to expand Siemens' chip physical‑design capabilities; terms were not disclosed and the deal was expected to close in H2 2020.

Cadence Acquires Hexagon's Design & Engineering Business

February 26, 2026

Software

Cadence Design Systems completed the acquisition of Hexagon AB's Design & Engineering (D&E) business for approximately €2.7 billion in cash and Cadence common stock. Hexagon received ~3.2 million Cadence shares (about 30% of consideration) with the remainder in cash; the D&E business contributed roughly €265 million of revenue in 2024 and the sale is expected to produce a ~€1.4 billion gain for Hexagon. The deal expands Cadence's capabilities in physical AI, multiphysics and system-level design and analysis.

Siemens Digital Industries Software Acquires Avery Design Systems

November 2, 2022

Software

Siemens Digital Industries Software has signed an agreement to acquire Avery Design Systems, a simulation-independent verification IP supplier headquartered in Tewksbury, Massachusetts. The acquisition will add Avery's verification IP and compliance test-suite technology to Siemens' Xcelerator portfolio to strengthen Siemens' integrated circuit verification offerings.

Cadence Design Systems Acquires OpenEye Scientific

July 25, 2022

Software

Cadence Design Systems announced the acquisition of OpenEye Scientific Software for approximately $500 million, extending Cadence's computational software expertise into molecular modeling and simulation for life sciences. OpenEye's cloud-native Orion SaaS platform and scientific toolkits—used by 19 of the top 20 global pharmaceutical companies—will be combined with Cadence's algorithmic, solver and large-data management capabilities to accelerate computational drug discovery; the deal is expected to contribute about $40 million in fiscal 2023.