Product category: Design and Development Software
News Release from: Cadence Design Systems
Edited by the Electronicstalk Editorial Team on 17 January 2003
Cadence hits the acquisition trail
Cadence Design Systems has acquired Celestry Design Technologies
Cadence Design Systems has acquired Celestry Design Technologies in a move that will allow the company to provide customers with world-leading silicon modelling tools and expanded full-chip circuit simulation technology. The acquisition enhances Cadence's leadership in silicon modelling, expands its expertise in the process and manufacturing space, and provides its customers with an industry-proven full-chip circuit simulation technology.
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"This acquisition underscores our commitment to deliver great technology to our customers, and it strengthens our already considerable links to the foundries", said Lavi Lev, Executive Vice President and General Manager of Cadence IC Solutions business.
"Full-chip circuit simulation and device modelling are critical technologies for the advanced IC design market, and they enhance our presence in the manufacturing space.
This presence increases in importance as we work together with our foundry and IDM partners to address design challenges at 90 nanometers and beyond".
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Software takes holistic view of PCB design
System interconnect design platform adds new capabilities at all stages of printed-circuit board design
The Celestry acquisition is part of Cadence's ongoing strategy to acquire companies whose technologies complement its own product development and strengthen its ability to provide customers with the most complete, end-to-end design solutions available.
It also advances the Cadence Design Chain Initiative, aimed at strengthening development relationships throughout the electronics industry.
"This provides a great platform for Celestry to serve existing customers and semiconductor partners, and to expand the market for new technology, such as the full-chip circuit simulation product", said Zhihong Liu, President and CEO of Celestry, who has been named a Corporate Vice President and will report to Yaakov Milstain, Corporate Vice President and General Manager of the Cadence Custom IC group.
Cadence will retain most of Celestry's employees and will continue to support all of Celestry's customers and products.
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