Cadence Expands Computational Software Development With Opening of New European R&D Centre of Excellence in Cork, Ireland
November 05 2020 - 03:05AM
Business Wire
Company plans to bring approximately 150
engineering positions to the region over next three years
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the
opening of a new European R&D Centre of Excellence in Cork,
Ireland, to further expand local computational software
development. Over the next three years, Cadence expects to create
approximately 150 new engineering positions in Cork, facilitating
customer design advancement in emerging consumer, hyperscale
computing, 5G communications, automotive, aerospace, industrial,
mobile and healthcare application areas.
“The Cadence decision to establish a state-of-the-art R&D
Centre of Excellence in Cork is a positive addition to the vibrant
and expanding technology industry in Cork. We are pleased to
welcome Cadence’s R&D presence in Cork as part of the local
technology ecosystem, and we look forward to the centre providing
significant employment opportunities for local residents with
strong technology backgrounds. The Cork R&D Centre of
Excellence also demonstrates Cadence’s commitment to both Cork and
Ireland as a premier place to do business as evidenced by the
growing size and scope of Cadence’s Irish operations,” said Micheál
Martin, Ireland’s Taoiseach (Prime Minister).
Cadence already has a well-established Shared Services Centre
(SSC) in Dublin, Ireland with senior finance, engineering and IT
roles, and the new Cork site broadens the company’s international
presence and its role as Cadence’s international headquarters. The
company plans to accelerate hiring in Cork immediately. For more
information on the local openings, please visit our careers site at
www.cadence.com/go/corkcareerspr.
“The Cork R&D Centre of Excellence reflects Cadence’s
continued commitment to expand its presence in Ireland. Cadence
began operations in Ireland in 1997 and has a long and successful
history in the region. The Cork R&D Centre of Excellence
further increases the size, scope and capabilities of our
international headquarters in Ireland. We look forward to the Cork
R&D Centre of Excellence employees becoming a part of the
global team developing leading-edge software and other solutions
for Cadence, which will assist our customers in meeting their
Intelligent System Design challenges now and in the future,” said
Anirudh Devgan, president of Cadence.
“The timing and scale of this Cadence investment is a real boost
to Cork’s growing reputation as a specialised R&D hub,” said
Steven Hollands, software engineering group director and Cork site
leader, Cadence. “Due to our proximity to the University College
Cork and the Cork Institute of Technology as well as to Ireland’s
largest ICT research centre, The Tyndall Institute, we have an
amazing engineering and computer science talent pool to draw from
who can join us in our mission of shaping the future of technology
by driving design excellence through our Intelligent System Design
strategy.”
The opportunities to do meaningful, high-impact work across many
technology verticals is one of the reasons Cadence has been
recognized by the Great Place to Work Institute as a Best Workplace
in Ireland for the past six years, in addition to global
recognitions as a Best Workplace in Europe, a World’s Best
Workplace and one of Fortune’s 100 Best Companies to Work For. The
inclusion of Cadence on these lists reflects its dynamic and
inclusive company culture in Ireland and across the globe, where
employees are passionate about solving technology’s toughest
challenges.
“We’d like to take the opportunity to welcome Cadence to Cork,
where the company has access to local engineers who are dedicated
to resolving the world’s most complex engineering challenges and
driving innovation,” said Leo Varadkar, Ireland’s deputy prime
minister and minister for business, enterprise and innovation.
“Cadence is exactly the kind of global leader and conscientious
employer we want to partner with to grow our local economy.”
“The Irish Development Authority Ireland supported Cadence in
its search for a new European R&D Centre of Excellence,” said
Martin Shanahan, chief executive officer of the Irish Development
Authority (IDA). “Cork emerged as the obvious choice for Cadence’s
expanded operations, providing the company with a prime location to
cultivate top talent for years to come.”
About Cadence Design Systems
Cadence is a pivotal leader in electronic design, building upon
more than 30 years of computational software expertise. The company
applies its underlying Intelligent System Design™ strategy to
deliver software, hardware and IP that turn design concepts into
reality. Cadence® customers are the world’s most innovative
companies, delivering extraordinary electronic products from chips
to boards to systems for the most dynamic market applications,
including consumer, hyperscale computing, 5G communications,
automotive, mobile, aerospace, industrial and healthcare. For six
years in a row, Fortune magazine has named Cadence one of the 100
Best Companies to Work For. Learn more at cadence.com.
© 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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