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Cadence completed its acquisition of Secure-IC on October 30, 2025. The January 2025 phrase “to become Cadence’s security entity” described the plan when the deal was announced; it is no longer a future transaction. Secure-IC provides embedded-security IP, solutions, evaluation tools, and services for semiconductor and electronic-system customers.
What Secure-IC does
Secure-IC supplies embedded-security intellectual property (IP), related solutions, security evaluation tools, and services. Its work is aimed at companies designing semiconductors and electronic systems, rather than consumers buying a standalone security device.
In its January 21, 2025 announcement, Secure-IC said its Securyzr, Laboryzr, and Expertyzr solution families would be integrated into Cadence’s portfolio. That statement described the intended integration; it does not establish when any product became available or its current status.
Did Cadence acquire Secure-IC?
Yes. Cadence announced a definitive agreement to acquire Secure-IC on January 21, 2025, then announced that the acquisition was complete on October 30, 2025. Cadence’s 2025 Form 10-K records that it acquired all outstanding equity of Secure-IC SAS on that date.
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- January 21, 2025: Cadence announced the agreement, and Secure-IC described its planned role as Cadence’s dedicated security entity.
- October 30, 2025: Cadence announced completion; its annual filing records the equity acquisition.
Why Cadence said it wanted Secure-IC
Cadence presented the deal as a way to add embedded-security IP, solutions, evaluation tools, and services to its silicon-proven IP and subsystem-design portfolio. It said the combination was intended to serve demand in automotive, data center, aerospace and defense, mobile, Internet of Things (IoT), and consumer-electronics markets. These were Cadence’s strategic rationale and market expectations, not independently measured results of the acquisition.
Secure-IC said it was joining Cadence to become the company’s dedicated security entity. It described its history as a “15-year legacy” and reported “over 500 successful projects worldwide”; both figures are Secure-IC’s own characterizations, not independently verified counts in the cited materials.
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What the acquisition cost, according to Cadence’s filing
Cadence’s 2025 Form 10-K presents two purchase-consideration figures that use different definitions. The filing reports $139.6 million of aggregate purchase consideration net of $13.1 million in cash acquired. Its purchase-accounting table separately reports total purchase consideration of $152.719 million. These are not interchangeable figures: the first is net of acquired cash, while the second is the total consideration reported in the accounting table.
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As of December 31, 2025, Cadence described its purchase-price allocation as preliminary. The filing said the measurement period could run for up to one year from the October 30 acquisition date, so the allocation could still be refined.
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What is not established by the announcements
The acquisition releases describe the companies’ rationale and intended portfolio integration, but they do not establish realized financial or engineering synergies, a launch schedule for integrated products, or the present availability of each Secure-IC offering. Cadence characterized the deal as a “multi-hundred-million incremental TAM opportunity”; that is the company’s description of potential market opportunity, not an independently verified market-size estimate.
For customers, the substantiated takeaway is that Cadence added a business-to-business embedded-security portfolio to its semiconductor IP and design capabilities. Specific offerings and terms depend on customer orders and licenses; the acquisition announcements are not a current product catalog.
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Sources
- Cadence’s January 21, 2025 acquisition announcement
- Secure-IC’s January 21, 2025 announcement
- Cadence’s October 30, 2025 completion announcement
- Cadence’s 2025 Form 10-K
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