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On June 1, Cadence president and CEO Anirudh Devgan rang the Nasdaq Stock Market opening bell in New York City to celebrate our 35th anniversary and our many accomplishments. Here are a few thoughts from KT Moore, vice president of Corporate Marketing, on this significant milestone.
Over the past 35 years, we've delivered, in close partnership with our customers and partners, the technology and expertise to address some of the industry’s most overwhelming and systemically complex design challenges.
Our technology forms the backbone of the global digital transformation that is unfolding in front of us, underpinned by generational megatrends such as artificial intelligence (AI), high-performance computing (HPC), autonomous driving, and 5G communications.
Our core competency in computational software drives our Intelligent System Design strategy, which has led us to a leadership position in core electronic design automation (EDA) and to expand into the exciting system design and analysis space. Additionally, it allows us to harness the power of generative AI, the most transformative technology in decades, to provide revolutionary solutions delivering unprecedented quality results and productivity benefits to our customers.
Our technology is essential to our customers, helping them navigate through their most complex design challenges and accelerating their next-generation innovation. Today we're the trusted partner of the world's most innovative, market-shaping semiconductor and electronic systems companies in multiple end markets, ranging from mobile to hyperscaler to automotive and aerospace and defense. And we're extending the power of computational software to bring disruptive breakthroughs to the life sciences market, enabling pharmaceutical and biotech companies to accelerate their drug discovery efforts.
As we celebrate 35 years of leadership, we would like to express our deepest appreciation and gratitude to our customers, partners, and shareholders for their unwavering support, confidence, and trust. None of this would be possible without the tireless efforts of our 10,000+ employees across the globe who continue to innovate with a collaborative One Cadence—One Team mindset while fostering a workplace environment that is among the very best in the world.
Again, a big thank you to all of you who have been with us on our journey. We are eagerly looking forward to the even more amazing things we can do together in the next 35 years!