Cadence and Ericsson Agree to Expand Strategic Relationship
Complete Suite of Cadence Design Automation Solutions, Services and Training in Multi-Year Agreement will be Licensed by Ericsson
STOCKHOLM, Sweden--(BUSINESS WIRE)--April 23, 2002--
Cadence Design Systems Inc. (NYSE:CDN - news) today announced a major
extension to its strategic licence agreement with Ericsson.
The multi-year agreement gives Ericsson, the world's leading
telecommunications supplier, access to all Cadence® electronic
design automation (EDA) software, services and training to support its
design operations worldwide. Cadence has been a strategic supplier of
Ericsson for more than a decade and the new agreement represents the
latest in a running series of collaborations by the two companies with
an expansion to use Cadence's entire portfolio.
"This extension of our valuable relationship with Ericsson
demonstrates Cadence's pedigree as a world-class partner for
electronic design," said Kevin Bushby, executive vice president,
worldwide field operations at Cadence. "Highly integrated designs,
such as those required by Ericsson, require the barriers to be broken
down between embedded software, digital logic, analog circuit and
printed circuit board design. This is exactly the functionality that
our strategic collaboration with Ericsson will deliver."
Among the design technologies covered under the new agreement are
synthesis place and route (SP&R), analog/RF design, logic
verification, system level design, Quickturn® design verification
systems and printed circuit board (PCB) design.
About Cadence
Cadence is the largest supplier of electronic design automation
products, methodology services, and design services. Cadence solutions
are used to accelerate and manage the design of semiconductors,
computer systems, networking and telecommunications equipment,
consumer electronics, and a variety of other electronics-based
products. With approximately 5,700 employees and 2001 revenues of
approximately $1.43 billion, Cadence has sales offices, design
centers, and research facilities around the world. The Company is
headquartered in San Jose, Calif., and traded on the New York Stock
Exchange under the symbol CDN. More information about the company, its
products and services is available at http://www.cadence.com.
Cadence and Quickturn are registered trademarks of Cadence Design
Systems, Inc. All other trademarks are the property of their
respective owners.
Contact:
Cadence Design Systems
Helen Petts, +44 (0) 1344 865305
hpetts@cadence.com
