Application Software M&A » By The Online Investor Staff, updated Fri., Apr. 19, 10:43 PM
Recent mergers and acquisitions in the Application Software M&A category.
Slide #23. Cadence Design Systems, Inc. — Jasper Design Automation
Acquirer: |
Cadence Design Systems, Inc. (NASDAQ:CDNS) |
Acquiree: |
Jasper Design Automation |
Details: |
Cadence Design Systems, Inc. (NASDAQ:CDNS), a leader in global electronic design innovation, today announced that it has entered into a definitive agreement to acquire Jasper Design Automation, Inc., a leading provider of formal analysis solutions, for approximately $170 million in cash. Jasper had approximately $24 million of cash, cash equivalents and short-term investments as of December 31, 2013. |
Cadence Design Systems provides solutions that enable customers to design products. Co.'s product offerings include software, hardware, services and reusable integrated circuit (IC) design blocks, which are referred to as intellectual property (IP). Co. also provides maintenance for its software, hardware, and IP product offerings. Co. groups its products into categories, including Custom IC Design and Simulation, which is used to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency designs; Digital IC Design and Signoff; Functional Verification; IP; and System Interconnect and Analysis.
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Company Name: |
Cadence Design Systems Inc |
Website: |
www.cadence.com |
Sector: |
Application Software |
Number of ETFs Holding CDNS: |
114 |
Total Market Value Held by ETFs: |
$12.31B |
Total Market Capitalization: |
$82.03B |
% of Market Cap. Held by ETFs: |
15.01% |
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April 19, 2024 10:43 PM Eastern
Buy (3.46 out of 4)
100th percentile
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