Cadence Design Systems Makes an Acquisition

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Cadence Design Systems is to acquire a smaller chip design shop, the privately held Tensilica. The purchase price is roughly $380 million in cash.

Tensilica specializes in components known as dataplane processing units, which, when combined with Cadence's existing technology, "will deliver more optimized IP solutions for mobile wireless, network infrastructure, auto infotainment, and home applications," according to the Cadence press release announcing the move.

CEO Lip-Bu Tan was quoted as saying that "with Tensilica, we will be able to provide designers with a more complete SoC solution that will speed the development of innovative and differentiated products, while reducing time to market."

The article Cadence Design Systems Makes an Acquisition originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Cadence Design Systems. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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