Cadence inaugurates New Facility in Pune

Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced the inauguration of a new facility in Pune, one of four Cadence Research and Development (R&D) facilities in India. The new 27,000-square-foot facility in Commerzone Tech Park will house employees engaged in technology development of various Cadence Tensilica® Xtensa® configurable processors and related products. Cadence acquired Tensilica in 2013, which has had an R&D facility in Pune since 2006.

In the last 28 years, Cadence has built world-class centers in India to develop the cutting-edge electronic design automation (EDA) software, hardware and IP technologies to help build the electronics products we use in our daily lives. The company currently employs approximately 1,580 people in India (regular full-time employees), engaged in R&D, global customer support, field operations, and support functions.

Cadence India was named among the 100 Best Workplaces in India in 2015 by the Great Place to Work® Institute, which is a testament to the vibrant culture that its employees have built in India. Based in Noida, Bangalore, Pune, and Hyderabad, employees in India work as "One Cadence - One Team" to innovate technologies, support the local community with philanthropic efforts, and celebrate customers' successes.

Speaking about the facility, Jaswinder Ahuja, corporate vice president and managing director, Cadence Design Systems (I) Pvt. Ltd., said, "Cadence was among the first technology companies to establish an R&D facility in India back in 1987. Since then, we have grown significantly in terms of number of sites and employees, and also the kind of R&D work that we are doing out of India, and built a strong culture that encourages teamwork, respect, learning, fun and giving back to the community."

Ahuja continued, "The team in Pune is working on cutting-edge development of digital signal processors (DSP) and other IP technology, and the Pune facility is among the best-in-class globally. The new facility provides a conducive environment for innovation and, hence, enable us to attract the best talent."

Cadence's Pune R&D facility is involved with creating world-class software for various Tensilica DSP cores; contributing significantly to RTL verification; developing an integrated design environment (IDE) for the next-generation configurable Xtensa processors; and providing in-depth technical support to worldwide customers.