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Cadence buys signal analysis provider

Posted: 05 Jul 2012 ?? ?Print Version ?Bookmark and Share

Keywords:design tools? acquisition? signal analysis?

Cadence Design Systems Inc. has finalized its purchase of Sigrity Inc. for about $80 million. The transaction is not expected to impact Cadence's previously disclosed profitability goals for fiscal 2013.

Sigrity provides Cadence with a rich set of gigabit signal and power network analysis technologies, including a unique power-aware signal integrity analysis capability for system, PCB and IC package designs. The combination of Sigrity analysis technologies with Cadence Allegro and OrCAD design tools is expected to provide a comprehensive front-to-back integrated flow to enable system and semiconductor companies to deliver high-performance devices employing gigabit interface protocols such as DDR and PCIe. The integrated solution will particularly benefit customers delivering electronic systems in high-growth markets such as mobile multimedia devices and cloud computing infrastructure.

Due to the impact of purchase accounting rules on deferred revenue and the transition to a ratable license model for Sigrity products, the transaction is expected to be slightly dilutive to fiscal 2012 earnings per share, and then slightly accretive for 2013. Cadence expects that the transition of Sigrity's business to Cadence's ratable business model, and the amortization of Sigrity's deferred revenue will be substantially complete by the end of fiscal 2013.

Cadence will offer Sigrity technologies immediately as add-on options to Cadence Allegro and OrCAD PCB and IC Packaging tools. The company will also continue to support Sigrity technologies used with third-party design software.

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