Stock price Cadence Design Systems (CDNS) today

Cadence Design Systems is a developer of software for the automation of electronic device design and engineering services. One of the largest companies in the EDA industry. It is a manufacturer of software for the design of microchips and printed circuit boards. It was formed in 1988 as a result of the merger of SDA Systems and ECAD, Inc. The company is growing rapidly by buying other software vendors: In 2008, for the first time, the company's profits exceeded $ 1 billion, and Cadence ranked among the top five highest paid proxy of US companies. In addition to the EDA software, Cadence provides contractual services on methodology and design, IP-design silicon technology, as well as a program aimed at facilitating the interaction between different EDA software tools company.