Culture of innovation and teamwork leads to global recognition

SAN JOSE, Calif., Oct. 13, 2015 — (PRNewswire) —  Cadence Design Systems, Inc. (NASDAQ: CDNS), today announced that it has been named 21 on the World's Best Multinational Workplaces list from the Great Place to Work^® Institute.  Cadence is one of only 25 companies selected for this list from over 1,100 corporations worldwide.  Selection for this prestigious recognition is acknowledgment for the high levels of commitment and engagement of the global Cadence team of over 6500 employees and the company's commitment to its One Cadence—One Team culture.

Cadence is comprised of a diverse team of employees who say they are given the opportunity to innovate and partner with the world's most exciting technology companies to build products that are transforming lives.  People come to Cadence not only to work on cutting-edge technology, but also to be a part of a strong team environment that encourages them to do their best work and grow their careers.

"The Cadence culture is a competitive differentiator worldwide and this 'World's Best' ranking confirms what we already know – that innovation starts with our people and our employees' commitment to our culture drives our success," said Tina Jones, senior vice president of Global Human Resources at Cadence. "Operating globally as one team, Cadence employees are passionate about collaborating to develop innovative technologies, and we are proud to work for a company that provides us with opportunities for personal growth and such meaningful work."

The Cadence one team approach can also be seen in its employee commitment to giving back to the communities where they live and work.  Employees are inspired by the Cadence community programs, which include a global matching gift program, a community portal providing volunteer opportunities to employees and a global Volunteer Time Off benefit, which provides employees five paid days off to volunteer. Cadence's commitment to communities can also be seen through its University Donation Program where the company donates software to over 1000 universities around the globe.

To qualify for this award, companies must have been selected for at least five national Great Place to Work lists, have at least 5,000 employees worldwide and count at least 40 percent of their global workforce (or 5,000 employees) outside of the company's home country. The Great Place to Work Institute has recognized Cadence in the U.S., Canada, China, Germany, India, Ireland, Korea and United Kingdom.

About Great Place to Work

Great Place to Work, headquartered in San Francisco, is a global research, consulting and training firm that helps organizations identify, create and sustain great workplaces through the development of high-trust workplace cultures. Great Place to Work serves businesses, nonprofit organizations and government agencies in 51 countries.

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 www.cadence.com.

© 2015 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.

For more information, please contact:
Cadence Newsroom
Cadence Design Systems, Inc.
408-944-7039
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SOURCE Cadence Design Systems, Inc.

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Cadence Design Systems, Inc. Great Place to Work Web: http://www.cadence.com