Cadence Completes Acquisition of Rocketick Technologies

SAN JOSE, Calif., Apr. 28, 2016 –  Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that it has completed the acquisition of Rocketick Technologies, Ltd., an Israel-based pioneer and leading provider of multicore parallel simulation.

The completion of this transaction strengthens Cadence's System Design Enablement strategy by delivering ultra-high-performance simulation to accelerate the development of complete systems with the end-product in mind. Rocketick's technology accelerates Cadence Incisive Enterprise Simulator to provide up to 6X speed-up for register-transfer-level (RTL), up to 10X speed-up for gate-level functional and up to 30X speed-up for gate-level DFT simulations using standard multicore servers. The Rocketick technology is proven and in use today by marquee systems and semiconductor companies in the mobile, server, and graphics domains.

The Rocketick team will join the System & Verification Group, adding significant parallel simulation expertise. The transaction is not expected to have a material impact on Cadence's fiscal 2016 results of operations. Terms of the transaction were not disclosed.

About Cadence

Cadence (NASDAQ: CDNS) enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

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