InspectAR Augmented Interfaces Inc., a St. John’s tech company less than two years old, has been acquired by Silicon Valley-based Cadence Design Systems for an undisclosed price.
The Newfoundland company, which has strong links to Northern California, issued a press release on Wednesday saying it is now part of Cadence. The statement described the California company as the market leader in electronic design automation, or EDA, software and services.
“InspectAR will continue to grow and operate independently from our headquarters in St. John’s, Newfoundland,” said the statement.
The St.