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April 29, 1997updated 05 Sep 2016 12:12pm

CADENCE SIGNS 4-YEAR DEAL WITH ERICSSON

By CBR Staff Writer

Cadence Design Systems Inc says it has signed a multi-million dollar four-year agreement with LM Ericsson Telefon AB to supply design tools and services to the Swedish mobile phone giant. A spokesperson for Cadence says the agreement is the most extensive pact in the 10-year working relationship between the two companies. Specific financial terms of the deal were not disclosed but Cadence hinted that the value of the deal is in the single digits.

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