Cadence Design Systems, a publicly traded maker of electronic design automation products, acquires Fujitsu and NTT-backed Tensilica.
US-based chip design software manufacturer Cadence Design Systems has acquired local peer Tensilica, which is backed by Japan technology companies Fujitsu and NTT, for $380m.
Tensilica had $30m cash at the end of 2012.
Jack Guedj, president and chief executive officer of Tensilica, said: “Joining Cadence will provide a broader platform to expedite our product development strategy and customer engagement. We will have the ability to accelerate IP [intelluctual property] subsystem development and integration while providing a more extensive support network…
