Cadence Design Systems agrees to acquire Future Facilities
Cadence Design Systems (NASDAQ:CDNS) has agreed to acquire software company Future Facilities.
Terms of the transaction were not disclosed. The deal is likely to be immaterial to revenue and earnings this year.
Future Facilities provides electronics cooling analysis and energy performance optimization solutions for data center design and operations using physics-based 3D digital twins. The acquisition will support the Cadence Intelligent System Design strategy and enable companies to make informed business decisions about data center design, operations and lifecycle management.
"Cadence's long-term revenue will grow at mid single digits driven by highly advanced chip-designing products," suggests a recent SA analysis on the stock.