One of 25 companies recognized for the most growth and jobs in the Capital of Silicon Valley

SAN JOSE, Calif., Dec. 11, 2014 — (PRNewswire) —  Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that San Jose Mayor Chuck Reed and the San Jose City Council have recognized the company as one of the 25 industry-driving companies generating the most growth and jobs in the city. As a key contributor to advancing the state of system design, Cadence continues to invest in innovation to enable the creation of the advanced mobile, consumer, automotive and other devices and systems that are rapidly changing our world.

"The people of San Jose and Silicon Valley have changed the world, and it's thanks to industry-driving companies like Cadence that our city continues to be the capital of Silicon Valley, the world's center of innovation," Mayor Reed said. "The city council and I are proud to recognize the investment Cadence's employees are making in our community. They haven't just created innovative technology or developed patents, they've generated jobs and revenues that benefit the entire community. They've also contributed time and talent to our schools, nonprofit organizations and the community beyond the workplace. This commendation expresses the City of San Jose's appreciation for all Cadence does to make a difference locally and globally."

"Cadence is at the forefront of new technology for designing systems and semiconductors that are transforming the way we work and live," said Lip-Bu Tan, president and CEO of Cadence. "With our employees we have built an exciting culture of innovation at Cadence that is enabling ideas to come to life and fueling our revenue and job growth. We appreciate Mayor Reed and the city council recognizing our accomplishments as a company and a valuable contributor to the community."

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.

© 2014 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. in the United States and other countries.  All other trademarks are the property of their respective owners.

For more information, please contact:
Cadence Newsroom
Cadence Design Systems, Inc.
408-944-7039
Email Contact

Logo - http://photos.prnewswire.com/prnh/20140102/SF39436LOGO

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/cadence-receives-commendation-from-city-of-san-jose-300008414.html

SOURCE Cadence Design Systems, Inc.

Contact:

Cadence Design Systems, Inc. Web: http://www.cadence.com