SAN JOSE, Calif., Nov. 16, 2017 /PRNewswire/ -- Cadence Design
Systems, Inc. (NASDAQ: CDNS) today announced that Anirudh Devgan, executive vice president and
general manager of the Digital & Signoff Group and the System
& Verification Group, has been appointed president of Cadence,
effective immediately.
Dr. Devgan will report to Lip-Bu Tan, Cadence chief executive
officer. Together, they will further the company's System Design
Enablement strategy by accelerating the momentum in the core
electronic design automation (EDA) business and delivering to the
expanding needs of its growing customer base.
As Cadence's President, Dr. Devgan will oversee Cadence's EDA
products, including the digital implementation and signoff,
functional verification, custom IC design, PCB and packaging
businesses. Additionally, he will be responsible for the corporate
strategy, marketing and business development functions.
"This is an exciting time for Cadence, and Anirudh will play a
key leadership role as we capture opportunities that are being
driven by groundbreaking trends in high-performance and edge
computing, automotive electronics and machine learning, among
others," said Lip-Bu Tan, CEO of Cadence. "Anirudh is a visionary
and an innovator and a strong team leader with broad operational
experience. Both Cadence and its customers will benefit from his
enhanced role. I am delighted to partner with him to further our
System Design Enablement strategy by accelerating the strong
momentum in our existing businesses and by expanding into new
areas. The Cadence Board and management team join me in
congratulating Anirudh on his promotion."
"It is an honor to step into the role of president as Cadence
continues to execute well across all areas of our business," said
Anirudh Devgan. "I look forward to
working closely with Lip-Bu and my talented colleagues to
accelerate our momentum and drive further growth."
Anirudh Devgan is a 25-year
industry veteran. Prior to joining Cadence in 2012, he was at Magma
Design Automation, Inc. for seven years where he was general
manager of the Custom Design Business Unit. He also spent 12 years
at IBM in a variety of technical and management roles. He received
numerous awards there, including the IBM Outstanding Innovation
award. Dr. Devgan is an IEEE Fellow and has numerous research
papers and patents. He received a Bachelor of Technology degree in
electrical engineering from the Indian
Institute of Technology, Delhi, and M.S. and Ph.D. degrees in
electrical and computer engineering from Carnegie Mellon University.
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 www.cadence.com.
© 2017 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.
For more information, please contact:
Investor relations
Alan Lindstrom
Cadence Design Systems, Inc.
408-944-7100
investor_relations@cadence.com
Media relations
Craig Cochran
Cadence Design Systems, Inc.
408-944-7039
newsroom@cadence.com
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SOURCE Cadence Design Systems, Inc.