Cadence Design Systems and Berkeley Design Automation Settle Lawsuit

SAN JOSE, Calif. , 22 Jan 2014 -- Cadence Design Systems Inc. (NASDAQ: CDNS) and Berkeley Design Automation, Inc. (BDA) today announced that the companies have reached a settlement agreement in the case filed by Cadence against BDA last year.

As part of the settlement, BDA and Cadence signed a multi-year agreement to support interoperability between BDA’s Analog FastSPICE™ (AFS) Simulator and Cadence’s Virtuoso® Analog Design Environment (ADE) through Cadence’s OASIS interface, and BDA has agreed to pay Cadence an undisclosed amount.