Application Software M&A » By The Online Investor Staff, updated Thu., May. 26, 1:00 AM
Recent mergers and acquisitions in the Application Software M&A category.
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Slide #23. Cadence Design Systems, Inc. — Jasper Design Automation
Acquirer:
Cadence Design Systems, Inc. (NASDAQ:CDNS)
Acquiree:
Jasper Design Automation
Details:
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.
Cadence Design Systems provides solutions that enable its customers to design electronic products. Co. provides software, hardware, services and reusable integrated circuit (IC) design blocks, which are referred to as intellectual property (IP). Co. also provides maintenance for its software, hardware, and IP product offerings. Co. combines its products and technologies into categories related to design activities including Custom IC and Simulation, Digital IC Design and Signoff, Functional Verification, IP, and System Interconnect and Analysis.
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Avg. Broker Rec.
 
|
Buy (3.37 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Analysts' Target Price: CDNS Stock Forecast Based on Zacks ABR data; powered by Xignite |
