Cadence Design Systems to Acquire BETA CAE Systems for About $1.24 Billion

Cadence to Acquire Hexagon's Design & Engineering Business (MSC Software)

February 26, 2026

AI & Machine Learning

Cadence (NASDAQ: CDNS) entered into a definitive agreement to acquire Hexagon AB’s Design & Engineering (D&E) business, including MSC Software, for approximately €2.7 billion. The deal is intended to strengthen Cadence’s Intelligent System Design and system analysis portfolio with Hexagon’s multiphysics simulation technologies such as MSC Nastran and Adams.

Cadence Design Systems Acquires OpenEye Scientific

July 25, 2022

Software

Cadence Design Systems entered into a definitive agreement to acquire OpenEye Scientific Software, a provider of computational molecular modeling and simulation software used in pharmaceutical and biotechnology drug discovery. The deal is valued at approximately $500 million in cash and was expected to close in Q3 2022 (subject to customary conditions). Cadence later announced it completed the acquisition.

Cadence Acquires Future Facilities

July 11, 2022

Software

Cadence Design Systems has acquired Future Facilities, a London-based provider of physics-based 3D digital twin and CFD simulation software for data center thermal and energy optimization. The deal expands Cadence's multiphysics and electronics cooling capabilities by integrating Future Facilities' digital-twin solutions with Cadence's existing thermal solver portfolio; terms were not disclosed and the acquisition is expected to be immaterial to near-term revenue.

Synopsys Acquires Ansys in $35 Billion Deal

January 16, 2024

Software

Synopsys entered into a definitive agreement to acquire Ansys, combining Synopsys’ semiconductor EDA capabilities with Ansys’ simulation and analysis portfolio. Under the terms, Ansys shareholders will receive $197 in cash and 0.3450 shares of Synopsys common stock per Ansys share, valuing the deal at about $35 billion.

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.

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.