Cadence (CDNS) Expands Portfolio Through Invecas Acquisition

Cadence Design Systems (CDNS) recently acquired California-based embedded software and system-level solutions provider Invecas, Inc. Financial terms of the deal were not disclosed. Moreover, the company does not expect the acquisition to materially contribute to total revenues and earnings this year.Cadence highlighted that generational trends reinforced by AI advancements are driving a strong design activity. With the slowing down of Moore’s Law there has been rapid development of technologies like advance ...