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Cadence Completes Acquisition of OpenEye Scientific
September 2, 2022 | Business WireEstimated reading time: Less than a minute
Cadence Design Systems, Inc. announced that it has completed the acquisition of OpenEye Scientific Software, Inc. (OpenEye). The addition of OpenEye’s technologies and experienced team accelerates the Cadence Intelligent System Design strategy by extending Cadence’s computational software core competency to molecular modeling and simulation that is targeted to life sciences.
OpenEye, an industry leader in computational molecular design, has pioneered physics-based approaches and the cloud-native Orion® software platform to accelerate advances in human health. Its products are used by pharmaceutical and biotechnology companies for drug discovery, and its customers include 19 of the top 20 global pharmaceutical companies such as Pfizer and AstraZeneca.
The acquisition will allow pharmaceutical and biotechnology companies to benefit from more robust drug discovery solutions that combine OpenEye’s innovative molecular modeling and simulation software solutions for drug discovery with Cadence’s algorithmic and solver expertise, efficient large data management infrastructure, and leading AI/ML and cloud solutions.
The aggregate consideration of the transaction is approximately $500 million, and the acquisition is expected to contribute immaterial revenue this year and about $40 million in fiscal year 2023.
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Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
06/05/2024 | Happy Holden -- Column: Happy’s Tech TalkA special case of rigid board applications is when you would like to bend the board but don’t need it to flex. We have called this case “bend-to-install” or sometimes “semi-flex”. Many electronics applications are in this class of assembly, as illustrated: Rigid board needing height adjustments, automotive lighting, industrial cameras, engine control units, and and-held portable units.
New SEMI Foundation Semiconductor PRIDE Initiative to Promote LGBTQ+ Inclusion in Chip Industry Workforce
06/04/2024 | SEMIThe SEMI Foundation, the non-profit arm of SEMI, today announced the formation of a new industry-led initiative to advance LGBTQ+ inclusion in the semiconductor workforce.
Teledyne Brown Engineering Selected for Natrium Project
06/04/2024 | TeledyneTeledyne Brown Engineering, Inc., a subsidiary of Teledyne Technologies Incorporated, has been selected by TerraPower as a supplier for the Natrium™ Reactor Demonstration Project in Kemmerer, Wyoming.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/31/2024 | Marcy LaRont, PCB007 MagazineThis week, our columnists enjoy particular attention with Barry Olney, Mehul Dave, and Happy Holden all providing valuable insight on materials, the critical importance of the front-end engineering process once a PCB design is received, and an overview and observations around IPC APEX EXPO technical sessions.
Bell Awarded Funding for Phase 1B of DARPA Speed and Runway Independent Technologies (SPRINT) X-Plane Program
05/30/2024 | BellBell Textron Inc., a Textron Inc. company, has been down-selected for Phase 1B of Defense Advanced Research Projects Agency (DARPA) Speed and Runway Independent Technologies (SPRINT) X-Plane program.