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Company : Cadence Design Systems 
Thursday, September 15, 2016 1:20PM IST (7:50AM GMT)
 
NASDAQ:CDNS(NASDAQ:CDNS)
Cadence Opens New World-class Facility in Bengaluru, Its Third Largest Site Worldwide
Bengaluru, Karnataka, India

Cadence Design Systems today announced the inauguration of its new, world-class office space at RMZ EcoWorld Business Park on Sarjapur Outer Ring Road in Bengaluru. Over 700 employees work in the new office; it is Cadence’s second largest site in India after Noida, and the third largest globally.
 
Covering an area of 192,000 square feet over two-and-a-half floors, the premises complies with Cadence’s strict efficiency and environmental standards and features a state-of-the-art workspace that facilitates collaboration, team work and continuing innovation. Teams at the Bangalore site are primarily involved in IP R&D, core electronic design automation (EDA) R&D, customer-facing activities and global IT support.
 
Speaking on the occasion of the inauguration, Cadence® President and CEO Lip-Bu Tan said, “Cadence was one of the first companies to set up operations in India almost 30 years ago. The India operations have contributed significantly to all of Cadence’s technology verticals, and we continue to grow our presence here. The availability of world-class talent and proximity to customers make the Bengaluru office an important one for Cadence. I look forward to more growth, innovation and success in India.”
 
Jaswinder Ahuja, corporate vice president and managing director, Cadence India, added, “The new office in Bengaluru is a significant milestone in Cadence’s India journey. Cadence has always believed in being close to customers and, to that end, Bengaluru is an important site for Cadence worldwide, considering the number of semiconductor companies located in the city. This facility, where all the teams are co-located under one roof, provides an ideal environment to stimulate a culture of collaboration and innovation, and will help cement our position as a great place to work in India.”
 
The office inauguration ceremony was presided over by Tan and attended by customers, business partners, Cadence senior management and employees.
 
Cadence was ranked number 13 in the “Best Companies to Work For in India 2016” survey conducted by the Great Place to Work Institute®. Cadence thrives on its high-performance culture, wherein employees’ passion and innovative thinking keeps the company at the forefront of technology. In addition, the “One Cadence – One Team” spirit unifies employees worldwide and symbolizes the company’s collaborative environment.  
  
About Cadence

Cadence enables global electronic design innovation and plays an essential role in the creation of today’s integrated circuits and electronics. Customers use Cadence® software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.
 
© 2016 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective holders.

 
For News Release background on Cadence Design Systems click here
 
Media Contact Details
Madhavi Rao, Cadence Design Systems (India) Pvt. Ltd., +91 (80) 41841091, rmadhavi@cadence.com
Joe Adam George, Text100 for Cadence, +91-7760401836, joe.george@text100.co.in
 
 
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