Announced Date: January 2024
o3 Capital acted as the Exclusive Financial Advisor to Invecas Inc.
We are pleased to announce that our client, Invecas Inc., has been successfully acquired by Cadence Design Systems, Inc..
Invecas is a US-headquartered provider of design engineering, embedded software and system-level solutions established in 2014. The company has a skilled engineering team of approximately 350 employees centered in Hyderabad who have vast experience in delivering end-to-end system solutions with deep expertise in advanced nodes, mixed-signal, verification, embedded software, packaging and turnkey custom silicon production. Invecas built close relationships with top foundry, assembly and test partners.
With extensive experience in designing chips and taking them to production, Invecas has served hundreds of customers across various verticals, including mobile, networking, hyperscaler and automotive.
Cadence is a Nasdaq-listed, US-headquartered electronic systems design company, leveraging over 35 years of computational software proficiency. Through its Intelligent System Design™ approach, Cadence provides software, hardware, and IP solutions, translating design concepts into tangible realities.
Dasaradha Gude, CEO of Invecas said “o3 Capital has been a valuable partner throughout the transaction journey. Their unwavering persistence, strategic insights, and expertise played a pivotal role in structuring and closing the transaction. Their specialty in orchestrating deal structures, negotiating terms, and providing assistance on all other aspects of the transaction was instrumental in achieving the desired outcomes. We appreciate o3 Capital's role as a reliable advisor and partner throughout the deal cycle, leading to the successful strategic combination with Cadence.”
This deal marks o3 Capital’s 25th deal closure in the last 18 months. o3 Capital remains a prominent technology banker in the Indo-US cross-border corridor, closing transactions across various segments, including Digital Engineering, ER&D, Data Analytics, ITeS/KPO/BPO, Cloud and SaaS companies.