Cadence Design Systems has purchased OpenEye Scientific Software, a modeling and simulation software provider.

OpenEye’s technologies and team accelerate Cadence’s intelligent system design strategy.

“Drug discovery is an increasingly complex process that requires significant investment in research and development,” said Dr. Anirudh Devgan, CEO of Cadence. “The acquisition of OpenEye, with its scientifically tested methodologies and expertise, accelerates Cadence’s Intelligent System Design strategy with our entry into a new system domain of life sciences. We look forward to welcoming such an accomplished team and are delighted to accelerate innovation and improve research and development productivity in the pharmaceutical and biotechnology industry.”