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Cadence Acquires Bell Labs Design Automation Group for $[Undisclosed]

Strategic Insights

— 1 min read

Cadence Design Systems, Inc., a leading provider of electronic design automation (EDA) tools, has acquired the Bell Labs Design Automation Group (BLDA) from Lucent Technologies Inc. in a move aimed at bolstering its capabilities in the complex verification challenges faced by companies designing integrated circuits (ICs) and next-generation systems-on-a-chip (SOC). The acquisition brings on board over 100 BLDA employees, including software engineers, consulting service experts, and 40 doctorate technologists. Jack Harding, president and CEO of Cadence, stated that the combination of Cadence and BLDA will result in a wealth of technology and expertise dedicated to delivering the industry's most advanced front-to-back flow for multi-level, full-system verification.

Key Takeaways:

  • Cadence has acquired the Bell Labs Design Automation Group (BLDA) from Lucent Technologies Inc. for an undisclosed amount.
  • The acquisition brings on board over 100 BLDA employees, including software engineers, consulting service experts, and 40 doctorate technologists.
  • The combined company will focus on complex verification challenges in the design of integrated circuits (ICs) and next-generation systems-on-a-chip (SOC).
  • Jack Harding, president and CEO of Cadence, stated that the combination will result in a wealth of technology and expertise dedicated to delivering the industry's most advanced front-to-back flow for multi-level, full-system verification.
  • The acquisition is expected to provide an immediate productivity boost to Cadence's customers.
  • Bill Evans, head of the BLDA group, noted that the similarities between the underlying technologies developed by Cadence and BLDA will make the integration straightforward.
  • The acquisition was finalized on October 1, 1998, after the waiting period imposed by the U.S. Federal Trade Commission and Department of Justice expired on September 25, 1998.

Statistics:

  • The acquisition brings in over 100 employees from BLDA, including 40 doctorate technologists.
  • The combined company will have more than 4,500 employees.
  • The acquisition is expected to provide an immediate productivity boost to Cadence's customers.
  • The waiting period imposed by the U.S. Federal Trade Commission and Department of Justice expired on September 25, 1998.

Sources:

  • "Cadence to Acquire Bell Labs Design Automation Group from Lucent," Business Wire, October 1, 1998.
  • "About Lucent Technologies," Lucent Technologies, n.d.
  • "About Cadence Design Systems, Inc.," Cadence Design Systems, Inc., n.d.

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