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Cadence acquired Evatronix’s semiconductor IP business—not the entire company—on 13 June 2013. The deal added silicon-proven USB 2.0/3.0, MIPI, display and storage controller IP, along with engineering staff, to Cadence’s portfolio for system-on-chip (SoC) design. Cadence and Evatronix did not disclose the purchase price or final transaction terms.
What Cadence acquired
The transaction covered Evatronix’s semiconductor intellectual-property business. It was not an acquisition of all of Evatronix: the company’s history says it later spun off its IP division, which Cadence acquired.
The acquired portfolio comprised silicon-proven interface and controller IP, including USB 2.0 and USB 3.0, MIPI, display and storage products. These reusable design blocks are used in SoCs to implement connections and functions such as data transfer, displays and storage.
Evatronix said its semiconductor-IP work began in 1997 and that it had sold more than 1,000 IP-core licenses worldwide; its company-history page does not state the year for that licensing total. A 2013 industry report put Evatronix at about 600 customers. That customer figure is an industry-report estimate, not a figure disclosed in Cadence’s announcement.
#1 Best Overall
When the deal was announced and completed
| Milestone | Date and detail |
|---|---|
| Announcement | 7 May 2013: Cadence said it planned to acquire Evatronix’s semiconductor IP business for an undisclosed sum. The expected closing window was the second quarter of 2013. |
| Completion | 13 June 2013: Cadence announced that it had completed the acquisition. The transaction terms were not disclosed. |
At announcement, about 60 engineers were expected to transfer to Cadence. The acquired team reported to Martin Lund, then Cadence’s senior vice president of R&D for the SoC Realization Group.
How the acquisition expanded Cadence’s IP portfolio
The Evatronix products broadened Cadence’s coverage of interface and controller IP for SoC designs. The stated strategic aim was to strengthen its offerings for mobile, connectivity and cloud markets. The engineering team also added capacity to support the acquired products.
Rank #2
Martin Lund said the products would boost Cadence’s offerings in those segments with production-proven IP. Evatronix co-founder and president Wojciech Sakowski described the company’s cores and services as designed for integration, quality and time-to-market.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Repair Windows errors before they cause bigger problems3Scan for outdated or missing drivers - takes under a minuteCadence’s 2013 annual-report material placed Evatronix among three acquisitions that strengthened its IP business. It said Evatronix’s IP, together with products from Cosmic Circuits, complemented Cadence’s internal development to provide solutions for display, storage and communications interfaces.
Quick Recap
Rank #3
What the public record does not establish
- Purchase price: Cadence announced the deal for an undisclosed sum; the final terms were also not disclosed.
- Complete product-by-product transfer details: Public descriptions identify the broad IP categories, but do not establish a comprehensive inventory of assets or individual product terms.
- Customer count as a Cadence filing: The figure of about 600 customers comes from a contemporaneous industry report, rather than Cadence’s transaction announcement.
Sources
- Cadence: acquisition announcement, 7 May 2013
- EE Times: announcement coverage and expected engineering-team transfer
- Tech Design Forum: acquisition coverage, product categories and reported customer count
- Cadence: completion announcement, 13 June 2013
- Evatronix: company history
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