Forte Design Systems Acquired by Cadence

Cadence Completes Acquisition of Forte Design Systems

Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, announced on February 18, 2014, that it has completed the acquisition of Forte Design Systems, a provider of SystemC-based high-level synthesis (HLS) and arithmetic IP.

The completion of this transaction enhances Cadence’s HLS offering and will enable Cadence to further drive a SystemC standard flow for design and multi-language verification. Growth in this sector is fueled by design teams migrating from hand-coded RTL design to SystemC-based design and verification to address increasing IP complexity and the need for rapid retargeting of IP to derivative architectures.

The Forte team, including its full executive team, will join the System & Verification Group led by senior vice president Charlie Huang.

For a detailed discussion of these and other cautionary statements related to Cadence’s business, please refer to Cadence’s filings with the Securities and Exchange Commission. These include Cadence’s most recent reports on Form 10-K and Form 10-Q, including Cadence’s future filings.

Source: cadence.com