Cadence Inaugurates New Facility in Pune

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Cadence Inaugurates New Facility in Pune

PUNE, India, October 6, 2015 /PRNewswire/ --

    Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced the inauguration of a new
facility in Pune, one of four Cadence Research and Development (R&D) facilities in India.
The new 27,000-square-foot facility in Commerzone Tech Park will house employees engaged
in technology development of various Cadence Tensilica(R) Xtensa(R) configurable
processors and related products. Cadence acquired Tensilica in 2013, which has had an R&D
facility in Pune since 2006.

    In the last 28 years, Cadence has built world-class centers in India to develop the
cutting-edge electronic design automation (EDA) software, hardware and IP technologies to
help build the electronics products we use in our daily lives. The company currently
employs approximately 1,580 people in India (regular full-time employees), engaged in R&D,
global customer support, field operations, and support functions.

    Cadence India was named among the 100 Best Workplaces in India in 2015 by the Great
Place to Work(R) Institute, which is a testament to the vibrant culture that its employees
have built in India. Based in Noida, Bangalore, Pune, and Hyderabad, employees in India
work as "One Cadence - One Team" to innovate technologies, support the local community
with philanthropic efforts, and celebrate customers' successes.

    Speaking about the facility, Jaswinder Ahuja, corporate vice president and managing
director, Cadence Design Systems (I) Pvt. Ltd., said, "Cadence was among the first
technology companies to establish an R&D facility in India back in 1987. Since then, we
have grown significantly in terms of number of sites and employees, and also the kind of
R&D work that we are doing out of India, and built a strong culture that encourages
teamwork, respect, learning, fun and giving back to the community."

    Ahuja continued, "The team in Pune is working on cutting-edge development of digital
signal processors (DSP) and other IP technology, and the Pune facility is among the
best-in-class globally. The new facility provides a conducive environment for innovation
and, hence, enable us to attract the best talent."

    Cadence's Pune R&D facility is involved with creating world-class software for various
Tensilica DSP cores; contributing significantly to RTL verification; developing an
integrated design environment (IDE) for the next-generation configurable Xtensa
processors; and providing in-depth technical support to worldwide customers.

    About Cadence 

    Cadence enables global electronic design innovation and plays an essential role in the
creation of today's integrated circuits and electronics. Customers use Cadence software,
hardware, IP and services to design and verify advanced semiconductors, consumer
electronics, networking and telecommunications equipment, and computer systems. The
company is headquartered in San Jose, Calif., with sales offices, design centers and
research facilities around the world to serve the global electronics industry. More
information about the company, its products and its services is available
at http://www.cadence.com.

       
         
        Media Contact: 
        Zibi Jamal  
        zibi.jamal@text100.co.in   
        +91-80-4089 7213  
        Consultant  
        Text100 

     

Cadence Design Systems (India) Pvt. Ltd.