Cadence Acquiring IP Business of Poland-Based Evatronix

Certified USB 2.0/3.0, MIPI, display and storage controllers

This is a Press Release edited by StorageNewsletter.com on June 17, 2013 at 3:51 pm

Cadence Design Systems, Inc., in global electronic design innovation, has completed the acquisition of the IP business of Poland-based Evatronix, SA SKA.

Strengthening Cadence’s portfolio of IP cores, Evatronix delivers a silicon-proven IP portfolio, which includes certified USB 2.0/3.0, MIPI, display, and storage controllers, which are complementary to Cadence’s IP product line.

The Evatronix team will report to Martin Lund, Cadence’s SVP of research and development, SoC realization group.

The acquisition is not expected to have a material impact on Cadence’s balance sheet or second quarter or fiscal 2013 results of operations.

Terms of the transaction were not disclosed.