Tuesday, July 12, 2011

Cadence Buys Azuro

San Jose-based electronic design automation firm Cadence said Tuesday that it has acquired Santa Clara-based Azuro, a developer of system-on-a-chip design tools. Financial term sof the acquisition were not disclosed. Azuro develops clock concurrent optimization technology used for improving high speed processor designs. Azuro was backed by Benchmark Capital, Miramar Venture Partners, and TTP Ventures.