Cadence Design Systems has announced that it has completed the acquisition of the IP business of Poland-based Evatronix, SA SKA. The acquisition further strengthens Cadence’s portfolio of intellectual property cores. Evatronix delivers a silicon-proven IP portfolio, which includes certified USB 2.0/3.0, MIPI, display, and storage controllers, which are highly complementary to Cadence’s IP product line.
The Evatronix team will report to Martin Lund, Cadence’s senior vice president of research and development, SoC Realization Group.
The acquisition is not expected to have a material impact on Cadence’s balance sheet or second quarter or fiscal 2013 results of operations.