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[Techtaffy Newsdesk]

Cadence Design Systems has signed an agreement to acquire Bangalore, India-based Cosmic Circuits, a provider of analog and mixed signal intellectual property (IP) cores. Terms of the transaction were not disclosed.

Cosmic Circuits offers IP solutions in connectivity and advanced mixed-signal technologies in the 40nm and 28nm process nodes, with 20nm and FinFET development underway. As part of this transaction, the IC and Systems business of Cosmic Circuits will be spun off into a separate new company to be owned by certain existing shareholders of Cosmic Circuits.

The acquisition is expected to close in 30 to 60 days.

[Image courtesy: Cosmic Circuits]