Cadence Completes Acquisition of OpenEye Scientific

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Cadence's financial prospects, product development, business strategies and plans and market trends, opportunities, Statement of positioning and integration with OpenEye Scientific. These forward-looking statements are based on current expectations, estimates, projections and projections. "Expect", "anticipate", "should", "believe", "hope", "goal", "project", "purpose", "estimate", "potential", "forecast", "maybe", "will" Words such as "will," "may," "intend," variations of these words and similar expressions are intended to identify these forward-looking statements, but not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are beyond Cadence's control. For example, market development for Cadence's products may be slower than expected or in the past; Cadence's operating results may fluctuate more than expected, and Cadence's operating results and cash flows may fluctuate significantly due to Cadence's revenue recognition or other factors; if network or data Cadence's reputation could be harmed in the event of a security incident resulting in unauthorized access to Cadence's network or data or the data of Cadence customers; tax liability, changes in U.S. federal tax laws, or changes in the interpretation of transactions between OpenEye Scientific and related parties could result in This acquisition is subject to risks; Cadence may not be able to successfully integrate OpenEye Scientific; Cadence may not be able to realize the expected benefits from the OpenEye Scientific merger and acquisition transaction; Cadence may face unexpected costs when integrating OpenEye Scientific; the announcement or completion of the acquisition transaction may There will be an impact on relationships with third parties such as employees, customers, partners and competitors; global economic conditions may worsen. Additional information about potential factors that could affect Cadence and its business is contained in Cadence's most recent reports on Form 10-K and Form 10-Q and other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent Cadence's views as of the date of this press release, and Cadence assumes no obligation to update any forward-looking statements contained in this press release.