Cadence Acquires Azuro; Terms Not Disclosed

Cadence Design Systems, Inc. CDNS today announced it has acquired Azuro, Inc., a company that has pioneered a paradigm shift in the digital implementation and optimization of next-generation SoCs. The acquisition was completed July 11, 2011, and is not expected to have a material effect on the Cadence's results of operation for fiscal 2011. Terms of the acquisition were not disclosed. All key management, technical and key field applications personnel will transition to Cadence.