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Cadence Completes Acquisition Of Intrinsix

PRIVATEOct 02, 2023

Acquiring Company

Cadence

Acquired Company

Intrinsix

San JoseManufacturingInformation TechnologySoftwareMobileHealth Care

Description

Cadence Design Systems, Inc. (Nasdaq: CDNS) and CEVA, Inc. (Nasdaq: CEVA) today announced that Cadence has completed its acquisition of Intrinsix Corporation from CEVA. The purchase brings Cadence a highly skilled engineering team with expertise in advanced nodes, radio frequency, mixed-signal and security algorithms, scaling Cadence’s system and IC design services team and expanding Cadence’s reach in key high-growth verticals, including aerospace and defense.

Quick answer

Cadence is acquiring Intrinsix, announced October 2, 2023. Cadence is based in San Jose, California, United States.

How much did Cadence pay for Intrinsix?
The deal value was not disclosed.
What does Cadence do?
Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital.
Where are Cadence and Intrinsix based?
Cadence is based in San Jose, California, United States.
Who are the decision-makers at Cadence?
Fundz holds 3 contacts at Cadence. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Mobile and Manufacturing

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Cadence

Location

2655 Seely Avenue

San Jose, California, United States

About

Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital. Cadence’s Care in Sync™ platform couples powerful new technology with clinical excellence, providing its patients a precise and personal level of care through remote patient monitoring and virtual care. More information about the company can be found at www.cadence.care.

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Frequently asked

Who acquired Intrinsix?

Intrinsix was acquired by Cadence, based in San Jose. The deal was reported on October 2, 2023. Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital. Cadence is privately held and operates in Manufacturing.

When did Cadence acquire Intrinsix?

Cadence's acquisition of Intrinsix was reported on October 2, 2023. Cadence Design Systems, Inc. (Nasdaq: CDNS) and CEVA, Inc. (Nasdaq: CEVA) today announced that Cadence has completed its acquisition of Intrinsix Corporation from CEVA. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Intrinsix do?

ASIC design services firm developing state of the art electronics for businesses from startups through fortune 100 industry leaders. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.