Cadence Design Systems (CDNS) Tops Q1 EPS by 1c; Guides Q2, FY14 EPS, Revs

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Go back to Cadence Design Systems (CDNS) Tops Q1 EPS by 1c; Guides Q2, FY14 EPS, Revs

Cadence Design Systems (CDNS) to Acquire Jasper Design for $170M

April 21, 2014 4:07 PM EDT

Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced that it has entered into a definitive agreement to acquire Jasper Design Automation, Inc., a leading provider of formal analysis solutions, for approximately $170 million in cash. Jasper had approximately $24 million of cash, cash equivalents and short-term investments as of December 31, 2013.

Jasper Design Automation is a market and technology leader in the fast-growing formal analysis sector, providing multiple verification solutions (Verification Apps) built on the JasperGold® platform. Jasper's customers include many of the top systems, semiconductor and IP companies.... More