SAN JOSE, Calif.–(BUSINESS WIRE)–Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has entered into an agreement to acquire Future Facilities, a leading provider of electronic cooling analysis solutions and optimization of energy performance for the design and operation of data centers using 3D Digital Twins. Addition of Future Facilities technologies and expertise supports Cadence® Smart system design™ strategy and enables companies to make informed business decisions about data center design, operations and lifecycle management that reduce their carbon footprint.
Future Facilities’ product portfolio includes an electronic thermal solution that increases Cadence’s peak Celsius temperature™ Thermal Solver, plus innovative computational fluid dynamics (CFD) electronic cooling simulation technology that optimizes performance and cooling efficiency in power-hungry data centers. Their technology virtualizes the data center ecosystem, creating a 3D digital twin that allows operators to predict, visualize and quantify the impact of any change in the data center before implementation and during operations. This enables customers to optimize their business objectives through plant design and operational efficiency. Future Facilities’ proven technologies are used by leading providers of enterprise data centers, managed services, and large-scale colocation, including Hewlett Packard Enterprise, Digital Realty, Equinix, and Kao Data.
Designing and operating a data center involves a complex supply chain (construction, services, IT and electronics), including the design of efficient domain-specific chips, from circuit boards to chillers for cooling. By integrating CFD techniques with a wide range of data center infrastructure management (DCIM) tools and power and cooling modules, Future Facilities simulates the impact of server changes on physical capacity, power infrastructure and cooling. This increases availability and capacity utilization by predicting hot spots before they occur. The solution also improves data center power utilization efficiency (PUE) by eliminating redundant power consumption.
“The global data center market is driving the digital world and is huge with investments exceeding $200 billion a year,” said Tom Beckley, senior vice president and group general manager of Custom IC & PCB at Cadence. “The acquisition of Future Facilities strengthens our Fidelity CFD solution with digital twin solutions, including electronics cooling and energy management, that help businesses maximize capacity, improve energy efficiency, reduce costs and mitigate critical infrastructure risks.
Future Facilities’ 6Sigma Digital Twin simulation and optimization platform enables customers to model and analyze data center performance by closely monitoring airflow, heat transfer, cooling, power and capacity. CFD simulations predict cost profiles and capacity and model improvement options. The addition of Future Facilities’ experienced team and proven technologies enables Cadence to deliver complete chip, package, PCB and system data center solutions that deliver efficiencies and cost savings. energy and minimize downtime.
“Using advanced CFD brings tremendous benefits when analyzing thermal efficiencies in the data center,” said Hassan Moezzi, Founder and CEO of Future Facilities. “We are thrilled to join the Cadence team and look forward to combining our data center and electronics technology solutions with Cadence’s expertise in intelligent system design to further improve performance, durability and reliability. energy efficiency, from the design of the chips to all the elements of the data center down to the coolers which are critical components in the design and operation of the data centers.
Terms of the transaction were not disclosed. The acquisition is expected to be insignificant to revenue and earnings this year and subject to customary closing conditions.
Cadence is a proven leader in electronic systems design, backed by more than 30 years of computing software expertise. The company applies its underlying Intelligent Systems Design strategy to deliver software, hardware and intellectual property that turn design concepts into reality. Cadence customers are the most innovative companies in the world, delivering extraordinary products from chips to boards to complete systems for the most dynamic applications in the market, including large-scale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For eight consecutive years, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at www.cadence.com.
About future installations
Future Facilities is a simulation software company that believes that the successful design and operation of systems, from chip to data center, is based on predicting the impact of change. Its unique methodology relies on virtual prototyping and the use of engineering simulation to assess performance, enabling companies to deliver efficient, reliable and scalable products. Clients include design consultants, colocation providers, electronics manufacturers, investment banking firms, social media organizations and others from the automotive, aerospace, petroleum industries and gas and government. To learn more about future facilities, visit www.futurefacilities.com.
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the financial outlook, development Cadence’s product portfolio, strategy and business plans and Future Facilities’ market trends, opportunities, positioning and proposed acquisition. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect”, “anticipate”, “should”, “believe”, “hope”, “target”, “project”, “goals”, “estimate”, “potential”, “predict” , “may,” “will,” “could,” “could,” “intend,” “should,” and variations of such terms and similar expressions are intended to identify such forward-looking statements, although all statements forward-looking statements do not contain such identifying words. Such forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are beyond Cadence’s control. For example, the market for Cadence’s products may develop more slowly than expected or than it has in the past; The results of operations of Cadence may fluctuate more than expected, there may be significant fluctuations in the results of operations and cash flows of Cadence related to Cadence revenue recognition or otherwise; a security incident network or data integrity that allows unauthorized access to Cadence’s network or data or Cadence’s customer data could harm Cadence’s reputation; Cadence and Future Facilities may not satisfy the closing conditions on a timely basis or at all; risks associated with tax obligations or changes in US federal tax laws or interpretations to which the proposed transaction with the Future Facilities or parties thereto are subject; Cadence may fail to successfully integrate Future Facilities; Cadence may not realize the anticipated benefits of any combined operation with Future Facilities; Cadence may incur unexpected costs related to the acquisition or integration of future facilities; the potential impact of the announcement or completion of the proposed acquisition on relationships with third parties, including employees, customers, partners and competitors; Cadence may not be able to retain key personnel; changes in laws or government regulations could affect the proposed acquisition of future facilities or the other parties thereto; and global economic conditions could deteriorate. Further information about potential factors that could affect Cadence’s financial results or its ability to complete the proposed acquisition is included in Cadence’s most recent reports on Forms 10-K and 10-Q and other filings. by Cadence with the Securities and Exchange Commission. The forward-looking statements included in this press release represent the views of Cadence as of the date of this press release and Cadence undertakes no obligation to update any forward-looking statement in this press release.
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