Cadence and Green Hills Software Announce Strategic Partnership to Accelerate Embedded System Safety and Security

SAN JOSE, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/EDA?src=hash” target=”_blank”gt;#EDAlt;/agt;–Cadence Design Systems, Inc. (NASDAQ: CDNS) and Green Hills Software, a
privately held company, today announced a strategic partnership that is
expected to leverage their respective strengths to drive embedded system
safety and security, while accelerating growth for both companies. As
part of the partnership, Cadence has invested about $150 million that
represents an approximate 16 percent ownership interest in Green Hills,
and Cadence CEO, Lip-Bu Tan, has joined the Green Hills Board of
Directors.

There continues to be rapid growth of hyperconnected embedded systems
that are deployed into critical infrastructure such as aerospace and
defense, automobiles, industrial and medical devices. Security has
become one of the most serious challenges that these industries face,
and it is paramount that all embedded systems are designed with safety
and security in mind.

Green Hills is the industry leader in embedded safety and security
software solutions, with its INTEGRITY-178B real-time operating system
having been certified to EAL6+, the highest Common Criteria security
level achieved for an operating system. Green Hills products are broadly
deployed across multiple application domains, particularly in aerospace
and defense, with customers including Boeing and Lockheed Martin, and in
automotive, with many top OEM and Tier 1 customers including Toyota and
Ford.

The partnership furthers the Cadence System Design Enablement strategy
and builds upon its leading core electronic design automation (EDA),
verification hardware, embedded processor and IP solutions to address
new market expansion opportunities in the estimated $3 billion plus
embedded system safety and security space. Cadence and Green Hills
expect to collaborate on providing integrated solutions that comprehend
both hardware and software aspects of safety and security, to enable the
development of highly secure embedded systems.

The partnership will leverage the technologies, domain expertise, market
reach and resources of both companies to explore opportunities for joint
go-to-market and technology collaboration across the companies as well
as joint marketing initiatives.

“The hyperconnected era is creating increasing safety and security
challenges, particularly for the critical aerospace and defense,
automotive, medical and industrial IoT domains,” said Lip-Bu Tan, chief
executive officer of Cadence. “By partnering closely with Green Hills,
we look forward to delivering solutions that will accelerate the
development of highly secure embedded systems in these critical areas
and furthering our System Design Enablement strategy by broadening our
reach in these verticals to expand beyond our core business into newer
adjacent areas of the system space.”

“Security is the joint responsibility of software and hardware,” said
Dan O’Dowd, founder and chief executive officer of Green Hills Software.
“This new partnership between Cadence and Green Hills Software brings
together the best in hardware and software know-how to supply the
developers of internet of things devices with end-to-end support to
enhance the safety and security of their devices and prevent them from
being compromised.”

About Cadence

Cadence enables electronic systems and semiconductor companies to create
the innovative end products that are transforming the way people live,
work and play. Cadence® software, hardware and semiconductor
IP are used by customers to deliver products to market faster. The
company’s System Design Enablement strategy helps customers develop
differentiated products—from chips to boards to systems—in mobile,
consumer, cloud datacenter, automotive, aerospace, IoT, industrial and
other market segments. Cadence is listed as one of Fortune Magazine’s
100 Best Companies to Work For. Learn more at cadence.com.

About Green Hills Software

Founded in 1982, Green Hills Software is the worldwide leader in
embedded safety and security. In 2008, the Green Hills INTEGRITY-178B
RTOS was the first and only operating system to be certified by NIAP
(National Information Assurance Partnership comprised of NSA & NIST) 
to
EAL 6+, High Robustness, the highest level of security ever achieved for
any software product. Green Hills Software’s open architecture,
integrated development solutions address deeply embedded,
safety/security and high-reliability applications for the
military/avionics, medical, industrial, automotive, networking, consumer
and other markets that demand industry-certified solutions. Green Hills
Software is headquartered in Santa Barbara, CA, with European
headquarters in the United Kingdom. Visit Green Hills Software at www.ghs.com.

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Contacts

Cadence Newsroom
408-944-7039
newsroom@cadence.com

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