Cadence Design Systems, Inc. (Cadence) develops electronic design automation (EDA), software, hardware, and silicon intellectual property (IP). Cadence licenses software and IP, sells or leases hardware technology and provides engineering and education services worldwide to help manage and accelerate electronics product development processes. Its customers use its products and services to design and develop complex integrated circuits (ICs) and electronics systems. Its combines its products and technologies into platforms for four design activities: Functional Verification; Digital IC Design and Implementation; Custom IC Design and Verification, and System Interconnect Design. It sells software using three license types: subscription, term and perpetual. It also offers a number of fee-based services, including engineering and education services.In June 2013, Cadence Design Systems Inc announced that it has completed the acquisition of the IP business of Poland-based Evatronix, SA SKA.