Cadence bolsters Indian presence

CIOL Bureau
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NEW DELHI: Reiterating its commitment to the Indian subcontinent, Cadence Design Systems expanded its R&D center at Noida taking the total covered space to 70,000 sq. feet. The employee strength, which stands at 320, is expected to go up to 650 by 2006. The company has so far invested over $100 million in the country and expects to pump in another $50 million over the next three years.

The Cadence R&D center at Noida is the company's second resource center after San Jose. The center's activity encompasses core research of some leading edge technology, providing customer support to high end ITES customers and IT support services to its customers.

Ray Bingham, President and CEO of the company recounts the path traversed by the company, " Earlier, the center was essentially looked on as a low-cost destination engaged in low-end engineering work but today the center is involved in most of the leading edge technology in several of our products."

Cadence has over 30 marketing personnel in the country with a dedicated base of value-added resellers and partnership with over 30 universities.

Cadence Design Systems develops software that enables chip designers to develop products on their software. Such products are called electronics design automation (EDA), an industry is estimated at $3.8 billion. Cadence has approximately 5,300 employees worldwide with revenues of $ 1.3 billion during 2002.

Comparing India to China, Bingham said that the company set up presence in China about two years ago with four offices and 120 employees. Cadence has formed an alliance with the Chinese government to provide post graduate course on its software and expects to train about 500 students per year through that tie-up.