Cadence Design Systems has agreed to acquire Cosmic Circuits Private Limited, a provider of analogue and mixed signal intellectual property (IP) cores. Cosmic Circuits provides silicon-proven IP solutions in connectivity and advanced mixed-signal technologies in the 40nm and 28nm process nodes, with 20nm and FinFET development well underway.
The addition of the Cosmic Circuits product line will broaden the Cadence IP portfolio, strengthening its solutions to address mobile device, cloud/datacenter and “internet of things” market opportunities.
Martin Lund, Cadence’s senior vice president of R&D for SoC Realization said of the acquisition, “The addition of Cosmic Circuits’ stellar technology and talent enhances Cadence’s position as a leading provider for analogue/mixed-signal IP. The combination of Cadence and Cosmic Circuits will provide customers with high quality IP to accelerate getting products to market.”
Founded in 2005 and based in Bangalore, India, Cosmic Circuits has been profitable from its first year of operation and has more than 75 customers worldwide. The company received TSMC’s 2010 and 2012 awards for Analog/Mixed Signal IP Partner of the Year.
The company’s CEO, Ganapathy Subramaniam, said, “Cosmic Circuits has a strong track record working with leading foundries to qualify and sell silicon-proven IP in advanced nodes. Our focus on low-power mobile and time-to-market critical consumer IP markets will add to Cadence’s existing strength in high-speed serial IP for cloud/server applications.”
As part of this transaction, the IC and Systems business of Cosmic Circuits will be spun off into a separate new company to be owned by certain existing shareholders of Cosmic Circuits.