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Cadence Completes Acquisition Of Openeye Scientific

PRIVATESep 01, 2022

Acquiring Company

Cadence

Acquired Company

OpenEye Scientific

San JoseManufacturingInformation TechnologySoftwareMobileHealth Care

Description

Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has completed the acquisition of OpenEye Scientific Software, Inc. (“OpenEye”). The addition of OpenEye’s technologies and experienced team accelerates the Cadence® Intelligent System DesignTM strategy by extending Cadence’s computational software core competency to molecular modeling and simulation that is targeted to life sciences.

Quick answer

Cadence is acquiring OpenEye Scientific, announced September 1, 2022. Cadence is based in San Jose, California, United States.

How much did Cadence pay for OpenEye Scientific?
The deal value was not disclosed.
What does Cadence do?
Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital.
Where are Cadence and OpenEye Scientific based?
Cadence is based in San Jose, California, United States.
Who are the decision-makers at Cadence?
Fundz holds 3 contacts at Cadence. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Cadence

Location

2655 Seely Avenue

San Jose, California, United States

About

Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital. Cadence’s Care in Sync™ platform couples powerful new technology with clinical excellence, providing its patients a precise and personal level of care through remote patient monitoring and virtual care. More information about the company can be found at www.cadence.care.

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Frequently asked

Who acquired OpenEye Scientific?

OpenEye Scientific was acquired by Cadence, based in San Jose. The deal was reported on September 1, 2022. Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital. Cadence is privately held and operates in Manufacturing.

When did Cadence acquire OpenEye Scientific?

Cadence's acquisition of OpenEye Scientific was reported on September 1, 2022. Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has completed the acquisition of OpenEye Scientific Software, Inc. (“OpenEye”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does OpenEye Scientific do?

Molecular modeling and cheminformatics software tools built in the cloud to accelerate lead discovery and optimization in drug development. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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