SOURCE: CADENCE DESIGN SYSTEMS, INC.

October 10, 2007 15:04 ET

Cadence Named One of the Best Employers in Russia

The First Hewitt Associate Study in Russia Places Cadence Among Top Ten

SAN JOSE, CA--(Marketwire - October 10, 2007) - Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic-design innovation, has been named as one of the best employers in Russia. A survey conducted by Hewitt Associates recently examined working conditions, career opportunities and best people practices among a number of leading firms in Russia. As a result of this survey, Hewitt Associates ranked Cadence® as one of the 10 Best Employers in Russia for the years 2006 and 2007, along with global corporate giants, GlaxoSmithKline, Microsoft and McDonalds.

The Hewitt study surveyed 16,712 employees and 296 top leaders in 64 companies that have been based in Russia for at least two years. Three different survey tools were employed to provide comprehensive data: the Hewitt Employee Engagement Survey, a Leadership Team Survey and an HR Audit Questionnaire. Results revealed that the most important factors for determining employee loyalty to Russian employers are career opportunities, financial compensation, recognition, and valuing people. The best employers also provide the highest level of engagement and involvement for their employees in current and future company issues.

In 2004, Cadence was the first electronic design automation (EDA) company to open a research and development center in Moscow. The company now employs more than 140 electronic designers and engineers to develop EDA products that raise the standard of Russian electronic design excellence.

"We are delighted to be ranked as a Top 10 Best Employer in Russia," said Alexey Komkov, general manager of the Cadence Moscow office. "This demonstrates our commitment to provide a working environment that not only offers our employees the opportunity to work with leading-edge design software, but also provides them with a personalized career path to meet their needs."

Hewitt Associates is a provider of multi-service HR business process outsourcing that integrates HR outsourcing and consulting. In order to help organizations maximize HR investment and solve important HR issues, recurrent surveys analyze working conditions in fast-developing countries. The growth in the Russian economy has led Hewitt Associates to examine employee performance and collect various testimonials to gain insight into work practices.

About Cadence Design Systems

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2006 revenues of approximately $1.5 billion, and has approximately 5,200 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

Cadence is a registered trademark, and the Cadence logo is a trademark, of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

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