SAN JOSE, Calif., Nov. 12, 2014 — (PRNewswire) —  Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced the endowment of the Cadence Design Systems Professorship at Stanford University in the School of Engineering and the appointment of Dr. Kunle Olukotun as the first Cadence Professor. Dr. Olukotun is a Professor of Electrical Engineering and Computer Science and is the director of the Pervasive Parallelism Lab at Stanford University.

Cadence established the Cadence Design Systems Professorship Fund in May 2014, and the professorship is awarded to those at the top of their academic field who have made a significant contribution to the development of computer systems. The partnership with Stanford University is part of Cadence's overall commitment to advancing education and fostering innovation in the field of computer system design.

"Dr. Olukotun's long history of leading pioneering technology advancements, such as the Stanford Hydra single-chip multiprocessor research project, made him the logical choice for this professorship," said Lip-Bu Tan, president and chief executive officer of Cadence. "We applaud him on his selection and look forward to the results of his continued research in the areas of simulation, estimation and verification techniques for system-level design."

"Dr. Olukotun's accomplishments in the area of computer systems to date have been significant," said Persis Drell, dean of the School of Engineering at Stanford. "We applaud Cadence for endowing this new professorship and enabling Dr. Olukotun to continue his research, which promises to have far-reaching, positive effects in the future."

About Cadence
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at http://www.cadence.com.

© 2014 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

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