Cadence will acquire Denali for $315 million in cash. Denali is a provider of electronic design automation (EDA) tools, intellectual property (IP), software and design platforms for system-on-chip (SoC) design and verification. Denali delivers solutions for deploying PCI Express, USB, NAND Flash and DDR SDRAM subsystems in electronic designs. Founded in 1995, Denali is headquartered in Sunnyvale, California and serves the global electronics industry with direct sales and support offices in North America, Europe, Japan, and Asia.