SAN FRANCISCO — (BUSINESS WIRE) — June 25, 2018 — DESIGN AUTOMATION CONFERENCE—Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced a collaboration with Microsoft to facilitate electronic systems and semiconductor design with the Cadence^® Cloud portfolio. Through the collaboration, customers can access the Cadence Cloud-Hosted Design Solution, a Cadence-managed and EDA-optimized design environment that is built on the Microsoft Azure cloud platform and customized for company-specific infrastructure requirements. The collaboration also enables customers who manage their own IT and business relationships with Microsoft to use the Cadence Cloud Passport model to access cloud-ready software tools for use on Azure. The Cadence and Microsoft collaboration enables design engineers to address growing design complexity and get to market faster via the scalability of Azure.

The announcement was made at the 55^th annual Design Automation Conference (DAC) being held in San Francisco at Moscone Center West, June 25-28, 2018. Cadence is located in booth 1308 in the main exhibit hall and booth 1245 in the Design Infrastructure Alley. For more information on the Cadence collaboration with Microsoft, please visit www.cadence.com/go/cloudvendorm.

“Microsoft has an effort dedicated to the systems and semiconductor industry, so they have direct experience addressing the exponential increase in engineering design complexity via the cloud,” said Neil Kole, senior vice president and chief information officer, Cadence. “By collaborating closely with Microsoft Azure, we’ve optimized our Cadence-managed and customer-managed Cadence Cloud Portfolio offerings to run on Azure so that customers can achieve aggressive design goals and deliver new electronic products to market faster.”

Kushagra Vaid, GM and distinguished engineer, Azure Hardware Infrastructure, Microsoft Corp said, “With the exponential increase in compute and memory requirements, the cloud is the clear future of chip design. Cadence and Microsoft Azure make a powerful combination to accelerate cloud adoption in the industry. Our mutual customers are benefiting from the flexible Cadence Cloud portfolio of cloud-optimized services and tools coupled with Azure’s focus on silicon design workloads, scalability, and economies of scale to manage exploding demand, reduce costs, and decrease time to market.”

In related news, Cadence today introduced the Cadence Cloud portfolio, the first broad cloud portfolio for the development of electronic systems and semiconductors. See the news release at www.cadence.com/go/cloudnews, and for more detailed information on the full portfolio, please visit www.cadence.com/go/cadencecloudm.

About Cadence

Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence software, hardware and semiconductor IP are used by customers to deliver products to market faster. The company’s System Design Enablement strategy helps customers develop differentiated products—from chips to boards to systems—in mobile, consumer, cloud datacenter, automotive, aerospace, IoT, industrial and other market segments. Cadence is listed as one of Fortune Magazine's 100 Best Companies to Work For. Learn more at cadence.com.

© 2018 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 owners.

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