Cadence Completes Acquisition of AWR Corporation from National Instruments

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has completed the acquisition of AWR Corporation from National Instruments Corporation. The addition of AWR’s technologies and talent will further expand Cadence’s reach into 5G RF communications and support system innovation for the aerospace and defense, automotive and wireless market segments.

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Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence^® software, hardware and semiconductor IP are used by customers to deliver products to market faster. The company’s Intelligent System Design^™ strategy helps customers develop differentiated products—from chips to boards to intelligent systems—in mobile, consumer, cloud, data center, automotive, aerospace, IoT, industrial and other market segments. Cadence is listed as one of Fortune Magazine’s 100 Best Companies to Work For. Learn more at www.cadence.com.

Cadence Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the expected benefits to Cadence, its products and its customers from the acquisition, that are based on current expectations and preliminary assumptions that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence’s control, including the effects of the acquisition on Cadence’s financial results and business, the ability to successfully operate or integrate the AWR business into Cadence, the ability to retain and integrate AWR employees into Cadence, the changes in customer demands and markets, and other risk factors set forth in Cadence’s most recent reports on Form 10-K and Form 10-Q. Cadence undertakes no obligation to update any forward-looking statement in this press release.

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