Third Consecutive Year Cadence has received Fortune Magazine Recognition

SAN JOSE, Calif., March 9, 2017 — (PRNewswire) —  Cadence (NASDAQ: CDNS) has been named one of the Fortune "100 Best Companies to Work For" in 2017, according to global research and consulting firm Great Place to Work^® and Fortune Magazine. Cadence^® is number 81 on the Fortune list, marking the company's third year in a row appearing in the top 100. Cadence was recognized for creating and sustaining a company culture that drives market and industry-leading innovation and business success.

"When I became CEO in 2009, a key focus was to build a strong, results-oriented, 'one team' company culture," said Lip-Bu Tan, president and CEO of Cadence. "In our culture of open and transparent communication, employees bring forward new ideas that continue to strengthen our work environment and foster innovation and customer success. The entire Cadence team should take pride in building a work environment that has again earned distinction as a top place to work."

In the past year, Cadence earned additional recognition from Fortune and Great Place to Work as a Best Workplace for Asian Americans (ranked 3rd), Giving Back (11th), Baby Boomers (12th), Recent College Graduates (20th) and Parents (36th).  

Cadence has also been recognized as a Great Place to Work in a number of regions around the world including Canada, Europe (overall), France, Germany, Greater China, India, Ireland, Italy, Korea, Poland and the United Kingdom. As a result of these achievements, the company was listed as number 15 on the 2016 list of the World's Best Multinational Workplaces in October.

The Great Place to Work lists are based on employee ratings of different aspects of their workplace culture, including the level of trust they feel toward company leaders, the pride they take in their jobs and the camaraderie they experience with co-workers.

To identify the 100 Best Companies to Work For, each year Fortune partners with Great Place to Work to conduct the most extensive employee survey in corporate America. The ranking is based on feedback from more than 232,000 employees at Great Place to Work–Certified^™ companies employing more than 1,000 people each.

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's software, hardware and semiconductor IP are used by customers to deliver products to market faster—from semiconductors to printed circuit boards to whole systems. The company's System Design Enablement strategy helps customers develop differentiated products 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 Great Place to Work
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune "100 Best Companies to Work For®" and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium Companies and over a half dozen different industries.

To see the full list of the 2017 Fortune 100 Best Companies to Work For, please visit www.fortune.com/bestcompanies.

© 2017 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

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SOURCE Cadence Design Systems, Inc.