Cadence Furthers Expansion in 5G RF Communications with Acquisition of Integrand

Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that it has acquired Integrand Software, Inc. to further accelerate innovation in the 5G RF communications space. Integrand's EMX^® technology has the industry-leading Method of Moments (MoM) solver technology for analysis and extraction and enables designers to accurately and efficiently simulate large integrated circuits (ICs) and advanced packages, characterize passive components and analyze interconnect parasitics in 3D-IC systems.

Executing upon the Cadence^® Intelligent System Design^tm strategy, the integration of Integrand EMX with the Cadence Virtuoso^®, Sigrity^tm, Clarity^tm and AWR^® solutions offers customers a complete electromagnetic signoff solution.

The terms of the transaction were not disclosed.

About Cadence

Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence software, hardware and semiconductor IP are used by customers to deliver products to market faster. The company's Intelligent System Design strategy helps customers develop differentiated products?from chips to boards to intelligent systems?in mobile, consumer, cloud, data center, automotive, aerospace, IoT, industrial and other market segments. Cadence is listed as one of Fortune Magazine's 100 Best Companies to Work For. Learn more at www.cadence.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the expected benefits to Cadence, its products and its customers from the acquisition, that are based on current expectations and preliminary assumptions that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence's control, including the effects of the acquisition on Cadence's financial results and business, the ability to successfully operate or integrate the Integrand business into Cadence, the ability to retain and integrate Integrand employees into Cadence, the changes in customer demands and markets, and other risk factors set forth in Cadence's most recent reports on Form 10-K and Form 10-Q. Cadence undertakes no obligation to update any forward-looking statement in this press release.

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