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Cadence10-Q: Software implementation

Cadence completes $2.2B acquisition of Hexagon Design, driving major IT integration needs

What happened

The $2.2 billion acquisition of Hexagon Design has massively increased Cadence's goodwill and intangible assets, signaling a large-scale, complex IT and systems integration project is imminent.

Source

SEC EDGARMay 1, 2026

Quarterly report (Form 10-Q)

Cadence 10-Q

Filing excerpt

During the three months ended March 31, 2026, we completed the acquisition of Hexagon Design for an aggregate purchase price of approximately $2.2 billion, net of cash acquired.

sec.gov/Archives/edgar/data/813672/000081367226000047/cdns-20260331.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Software implementation

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 1, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$2.2B (Aggregate purchase price for Hexagon Design acquisition)

Details

CIK
813672
Accession number
0000813672-26-000047
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Implementation partner opportunity
Signal category
Technology

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
softwareImplementation

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/666575cd-a9db-467b-8360-10356faf7800 returns this record as JSON. POST /v1/companies/enrich returns every signal for cadence.com.

{
  "signal_id": "666575cd-a9db-467b-8360-10356faf7800",
  "signal_type": "sec-10q",
  "signal_subtype": "softwareImplementation",
  "detected_at": "2026-05-05T08:48:22.481+00:00",
  "company": {
    "name": "Cadence",
    "domain": "cadence.com"
  },
  "data": {
    "detail": "The $2.2 billion acquisition of Hexagon Design has massively increased Cadence's goodwill and intangible assets, signaling a large-scale, complex IT and systems integration project is imminent. This creates immediate opportunities for vendors specializing in post-merger integration, data migration, and enterprise application consolidation.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Aggregate purchase price for Hexagon Design acquisition",
      "dollar_millions": 2200
    },
    "summary": "Cadence completes $2.2B acquisition of Hexagon Design, driving major IT integration needs",
    "excerpts": "During the three months ended March 31, 2026, we completed the acquisition of Hexagon Design for an aggregate purchase price of approximately $2.2 billion, net of cash acquired.",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/813672/000081367226000047/cdns-20260331.htm",
    "filing_date": "2026-05-01",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Implementation partner opportunity",
    "signal_category": "technology"
  }
}

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