Cadence Expands Computational Software Development with Opening of New European R&D Centre of Excellence in Cork, Ireland

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the opening of a new European R&D Centre of Excellence in Cork, Ireland, to further expand local computational software development. Over the next three years, Cadence expects to create approximately 150 new engineering positions in Cork, facilitating customer design advancement in emerging consumer, hyperscale computing, 5G communications, automotive, aerospace, industrial, mobile and healthcare application areas.

An Taoiseach, Micheál Martin, said, “The Cadence decision to establish a state-of-the-art R&D Centre of Excellence in Cork is a positive addition to the vibrant and expanding technology industry in Cork. We are pleased to welcome Cadence’s R&D presence in Cork as part of the local technology ecosystem, and we look forward to the centre providing significant employment opportunities for local residents with strong technology backgrounds. The Cork R&D Centre of Excellence also demonstrates Cadence’s commitment to both Cork and Ireland as a premier place to do business as evidenced by the growing size and scope of Cadence’s Irish operations.”

Cadence already has a well-established Shared Services Centre (SSC) in Dublin, Ireland with senior finance, engineering and IT roles, and the new Cork site broadens the companys international presence and its role as Cadence’s international headquarters. The company plans to accelerate hiring in Cork immediately. For more information on the local openings, please visit our careers site at www.cadence.com/go/corkcareerspr.

Anirudh Devgan, president of Cadence, said, “The Cork R&D Centre of Excellence reflects Cadence’s continued commitment to expand its presence in Ireland. Cadence began operations in Ireland in 1997 and has a long and successful history in the region. The Cork R&D Centre of Excellence further increases the size, scope and capabilities of our international headquarters in Ireland. We look forward to the Cork R&D Centre of Excellence employees becoming a part of the global team developing leading-edge software and other solutions for Cadence, which will assist our customers in meeting their Intelligent System Design challenges now and in the future.”

Steven Hollands, software engineering group director and Cork site leader, Cadence, said, “The timing and scale of this Cadence investment is a real boost to Cork’s growing reputation as a specialised R&D hub. Due to our proximity to the University College Cork and the Cork Institute of Technology as well as to Ireland’s largest ICT research centre, The Tyndall Institute, we have an amazing engineering and computer science talent pool to draw from who can join us in our mission of shaping the future of technology by driving design excellence through our Intelligent System Design strategy.”

The opportunities to do meaningful, high-impact work across many technology verticals is one of the reasons Cadence has been recognized by the Great Place to Work Institute as a Best Workplace in Ireland for the past six years, in addition to global recognition as a Best Workplace in Europe, a World’s Best Workplace and one of Fortunes 100 Best Companies to Work For. The inclusion of Cadence on these lists reflects its dynamic and inclusive company culture in Ireland and across the globe, where employees are passionate about solving technology’s toughest challenges.

Tanaiste & Minister for Enterprise Trade & Employment, Leo Varadkar, said, “I’d like to take the opportunity to welcome Cadence to Cork. The company’s plans to establish their European R&D Centre of Excellence and employ 150 people over the next three years is a great boost. I wish the company every success.”

CEO of IDA Ireland, Martin Shanahan, said, “Today’s announcement by Cadence further strengthens the South West region’s expanding cluster of microelectronics and semiconductor-related companies. Cadence’s new R&D Centre and the 150 highly skilled engineering roles that they plan to recruit present significant opportunity. I wish to congratulate Cadence on this announcement and wish them every success with this expansion.”

About Cadence

Cadence is a pivotal leader in electronic design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications, including consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial and healthcare. For six years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

For more information, please contact:

Cadence Newsroom
408-944-7039
newsroom@cadence.com

Alison Nulty
Regional Communications Executive, IDA Ireland
+353 (0) 87 349 2590
alison.nulty@ida.ie