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What is PSpice Simulation? · DC Sweep: Change component value (e. OrCAD Systems Corporation was a software company that made OrCAD, a proprietary software tool suite used primarily for electronic design automation. PSPICE is a circuit analysis tool that allows the user to simulate a circuit and extract key voltages and currents. PSpice stands for Personal (Computer) Simulation Program with Integrated Circuit Emphasis. Cadence® PSpice® simulation technology offers a single, unified design environment for both simulation and PCB design. PSpice is a PC version of SPICE and HSpice is a version that runs on workstations and larger computers.