Cadence Completes Acquisition of AWR Corporation from National Instruments
January 15 2020 - 4:05PM
Business Wire
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that
it has completed the acquisition of AWR Corporation from National
Instruments Corporation. The addition of AWR’s technologies and
talent will further expand Cadence’s reach into 5G RF
communications and support system innovation for the aerospace and
defense, automotive and wireless market segments.
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.
Cadence 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 AWR business into
Cadence, the ability to retain and integrate AWR 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.
© 2020 Cadence Design Systems, Inc.. All rights reserved
worldwide. Cadence, the Cadence logo and the other Cadence marks
found at www.cadence.com/go/trademarks are trademarks or registered
trademarks of Cadence Design Systems, Inc. All other trademarks are
the property of their respective owners.
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