Cadence Completes Acquisition of Verisity; Newly Formed Verification Division Combines Verisity and Cadence Technologies and Verification TalentsSearch: 
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            Cadence Completes Acquisition of Verisity; Newly Formed Verification 
            Division Combines Verisity and Cadence Technologies and Verification 
            Talents
            SAN JOSE, Calif.—(BUSINESS WIRE)—April 7, 2005— Cadence Design 
            Systems, Inc. (NYSE:CDN) (Nasdaq:CDN) today announced that it has 
            completed the acquisition of Verisity, Ltd. (Nasdaq:VRST), a 
            Mountain View, Calif.-based provider of verification process 
            automation (VPA) solutions. 

            Under the terms of the agreement, Cadence acquired Verisity in an 
            all-cash transaction for approximately $315 million. Verisity 
            stockholders will receive $12 in cash in exchange for each 
            outstanding share of Verisity stock. 

            "The combination of the Cadence and Verisity verification products, 
            engineering, marketing, sales and support teams provides our 
            customers with an unparalleled range of verification solutions," 
            said Mike Fister, Cadence president and CEO. "Our combined 
            capabilities will enable customers to attack their most challenging 
            design-verification problems, from planning to closure, in an 
            automated and integrated manner." 

            Former Verisity President and CEO Moshe Gavrielov will lead the 
            combined verification operation as executive vice president of the 
            newly formed Cadence Verification Division. Joining Gavrielov in the 
            division is Yoav Hollander, founder of Verisity, who becomes the 
            Verification Division chief technology officer. Also reporting to 
            Gavrielov are Christopher Tice, Cadence senior vice president and 
            general manager, and Mitch Weaver, vice president of the Cadence 
            Incisive Platform. 

            About Cadence 

            Cadence is the world's largest supplier of electronic-design 
            technologies and engineering services. Cadence products and services 
            are used to accelerate and manage the design of semiconductors, 
            computer systems, networking equipment, telecommunications 
            equipment, consumer electronics, and other electronics-based 
            products. With approximately 4,900 employees and 2004 revenues of 
            approximately $1.2 billion, Cadence has sales offices, design 
            centers, and research facilities around the world. The company is 
            headquartered in San Jose, Calif., and trades on both the New York 
            Stock Exchange and Nasdaq under the symbol CDN. More information is 
            available at www.cadence.com. 

            Cadence, Verisity and the Cadence logo are registered trademarks of 
            Cadence Design Systems, Inc. All other trademarks are the property 
            of their respective owners. 





            Contact: 

Cadence Design Systems, Inc.
Michael Fournell, 408-428-5135 (Corporate Communications)
fournell@cadence.com
Alan Lindstrom, 408-944-7100 (Investors and Shareholders)
investorrelations@cadence.com














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