Cadence Design Systems Acquires Invecas
January 8, 2024
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.
- Buyers
- Cadence Design Systems, Inc.
- Targets
- Invecas, Inc.
- Industry
- Engineering Services
- Location
- California, United States
- Transaction Type
- Buyout
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