Great Place to Work and Fortune Name Cadence One of the World's Best Multinational Workplaces For 2016

SAN JOSE, Calif., Oct. 27, 2016 /PRNewswire/ -- Cadence (NASDAQ: CDNS) today announced it has been named number 15 on the 2016 list of the World's Best Multinational Workplaces according to global research and consulting firm Great Place to Work® and Fortune magazine.

The ranking is a result of the company's global achievements, appearing in Great Place to Work lists in Canada, Greater China, France, Germany, India, Ireland, Korea, Poland, the United Kingdom and the United States. Cadence moved up from number 21 on the list in 2015.

"I'm very proud that Cadence has been ranked as a World's Best Multinational Workplace for the second year in a row," said Lip-Bu Tan, Cadence president and CEO. "I am so enthusiastic about our strong company culture, which carries across every office around the globe. The people at Cadence are an important strategic differentiator driving innovation, customer commitment and ultimately our business success."

To achieve the ranking, more than 1700 Cadence employees provided testimonials and feedback about their jobs, managers, teammates, opportunities for growth and benefits, among other factors. Consistently across the globe, employees say they are proud to work at Cadence for the camaraderie they enjoy with their coworkers and because they appreciate the impact of the work they do.

Great Place to Work research shows the number of organizations around the world named as a Best Workplace—or that have met the minimum standard of a great workplace—has almost doubled since 2011. Roughly 2200 workplaces employing roughly 6.1 million people achieved that distinction in 2011. In 2016, the number of great workplaces has reached approximately 4100, with a total of about 6.9 million employees.

"These organizations are well known because of their brand strength and success around the globe. But behind these successful companies are high-trust workplaces where the vast majority of employees feel valued, well treated and that their work makes a difference," said Kim Peters, executive vice president of Great Place to Work. "Appearing on the list of Best Multinational Workplaces for the second year in a row, Cadence has shown a real commitment to creating an outstanding work environment worldwide. Congratulations to Cadence and all the globally great organizations!"

See the full list of the World's Best Multinationals at www.greatplacetowork.net.

About Cadence
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers and research facilities around the world to serve the global electronics industry. More information about the company, its products and its services is available at www.cadence.com.

About Great Place to Work
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune "100 Best Companies to Work For®" and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium Companies and over a half dozen different industries.

© 2016 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo, and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

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