Description
Cadence Design Systems is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware and silicon structures for designing integrated circuits, systems on chips (SoCs) and printed circuit boards.
History
Origins
Cadence Design Systems began as an electronic design automation (EDA) company, formed by the 1988 merger of Solomon Design Automation (SDA), co-founded in 1983 by Richard Newton, Alberto Sangiovanni-Vincentelli and James Solomon, and ECAD, a public company co-founded by Ping Chao, Glen Antle and Paul Huang in 1982. SDA's CEO Joseph Costello was appointed as CEO of the newly combined company.
Executive leadership
Following the resignation of Cadence's original CEO Joe Costello in 1997, Jack Harding was appointed CEO. Ray Bingham was named CEO in 1999. In 2004, Mike Fister became Cadence's new CEO.
In 2008, Cadence's board appointed Lip-Bu Tan as acting CEO, after the resignation of Mike Fister; Tan had served on the Cadence board of directors since 2004. In January 2009, the board of directors of Cadence voted unanimously to confirm Lip-Bu Tan as president and CEO. Tan had been most recently CEO of Walden International, a venture capital firm, where he remains chairman of the firm.
On December 15, 2021, Anirudh Devgan assumed the role of president & CEO, and Lip-Bu Tan became executive chairman. Devgan joined Cadence in 2012 and was appointed president in 2017.
