Cadence Acquires Pointwise to Expand System Analysis Offerings Addressing CFD Meshing for Aerospace Applications

Broadens expansion into multiphysics domain with market-leading computational fluid dynamics mesh generation and pre-processing technology

Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Pointwise, Inc., a leader in mesh generation for computational fluid dynamics (CFD). The addition of Pointwise's technologies and experienced team supports the Cadence^® Intelligent System Design^™ strategy and further broadens its system analysis portfolio, complementing the recently acquired NUMECA CFD technology. Together, these acquisitions will enable advanced CFD solutions where accuracy, reliability, predictability and performance are paramount for high-fidelity characterization of fluids, such as air flowing over an airplane.

Pointwise's mesh generation technology addresses the high-growth pre-processing CFD market sub-segment. The acquisition builds on the recent NUMECA acquisition and Cadence's innovative multiphysics products including the Clarity^™ 3D Solver for electromagnetic (EM) simulation, the Clarity 3D Transient Solver for finite difference time domain (FDTD) system-level EM simulation and the Celsius^™ Thermal Solver for electrothermal co-simulation.

Pointwise's technology adds world-class mesh generation and pre-processing capabilities that read data from all of the leading CAD formats and export data to over 40 CAE formats. Pointwise's core competency in robust grid generation squarely addresses the aerospace industry's demand for high-fidelity discretization of aircraft geometries. Pointwise's technology creates multiple mesh types to provide the level of control needed to ensure converged and accurate CFD results. In addition to automation and ease of use being paramount for the widespread adoption of CFD, it is imperative to generate sophisticated meshes that adhere to stringent accuracy requirements. Pointwise's proven technologies are used by leading organizations such as Hermeus, senseFly and ONERA to enable purpose-built mesh for applications including drag prediction and internal flows through exhaust manifolds.

"Cadence's computational software expertise and expanding multiphysics portfolio are accelerating digital wind tunnel experimentation for the aerospace industry," said Tom Beckley, senior vice president and general manager of the Custom IC & PCB Group at Cadence. "The acquisition of Pointwise's proven CFD meshing technology catapults Cadence into a leadership position by addressing critical complexities in the analysis workflow, giving engineering teams rapid insight, predictability and high accuracy of their system design well before physical production."

"Pointwise is dedicated to delivering industry-leading mesh generation capabilities," said John Chawner, president of Pointwise. "We are very excited to enhance Cadence's CFD strategy with our deep meshing expertise and talented team. The combined technologies of Cadence, NUMECA and Pointwise significantly expand Cadence's CFD and electromechanical analysis solutions, customer base and engineering talent."

The terms of the transaction were not disclosed. The acquisition is expected to be immaterial to revenue and earnings this year.

About Cadence

Cadence is a pivotal leader in electronic design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world's most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications, including consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial and healthcare. For seven years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

About Pointwise

Pointwise is recognized as a worldwide provider of mesh generation software for computational fluid dynamics (CFD) applications. Pointwise software is used by expert analysts, primarily in aerospace, to achieve accurate representations of designs for analysis, leading to superior product quality and performance at a reduced engineering cost. Learn more at pointwise.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the expected benefits to Cadence, its products and its customers from the acquisition and the expected timing of the closing, that are based on current expectations and preliminary assumptions that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence's control, including the effects of the acquisition on Cadence's financial results and business, the ability to successfully operate or integrate Pointwise into Cadence, the ability to retain and integrate Pointwise employees into Cadence, the changes in customer demands and markets and other risk factors set forth in Cadence's most recent reports on Form 10-K and Form 10-Q. Cadence undertakes no obligation to update any forward-looking statement in this press release.

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