Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired Invecas, Inc. for $71.4 million on January 8, 2024. The consideration $95.241 million includes net of cash acquired of $23.8 million. The acquisition is expected to be immaterial to Cadence's total revenue and earnings this year.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of INVECAS Inc. on January 8, 2024.