Date: 8th December 2011
SAN JOSE, Calif., Dec. 8, 2011 — Magma® Design Automation Inc. (Nasdaq: LAVA), a provider of chip design software, announced today that it has received the eSilicon Corporation 2011 Supplier of the Year Award. Magma, an eSilicon technology and business partner since 2003, beat out a crowded field this past year by providing technology leadership, product quality, lowest total cost of ownership and excellent customer service.
“Magma is a company that is committed to its partners and its technology,” said Jack Harding, president and CEO of eSilicon. “From the beginning of the partnership, Magma has been remarkably responsive, helping us meet design milestones and deliver tapeouts. Its advanced software and world-class support have been instrumental in enabling us to achieve fast netlist-to-GDSII cycle times and high first-pass silicon success rates. It gives me great pleasure to acknowledge Magma’s contribution to our success.”
Magma received the award, presented annually to the eSilicon supply chain partner that has demonstrated excellence in collaborating with eSilicon and its customers, at a partner appreciation event December 7, 2011.
“While enabling our customers to achieve repeated silicon success is its own reward, it’s very gratifying to have the excellence of our technology and staff recognized by an industry leader such as eSilicon,” said Rajeev Madhavan, Magma’s chairman and CEO. “Our partnership with eSilicon is mutually beneficial. We rely on the eSilicon team to provide valuable feedback on our current solutions and strategic feedback as a beta user on our new technology. It is a great honor to receive this award and it will result in even tighter collaboration between our teams.”
Leading semiconductor companies worldwide use Magma’s electronic design automation (EDA) software to produce chips for a wide variety of vertical markets including tablet computing, mobile devices, electronic games, digital video, networking, military/aerospace and memory. Silicon One, Magma’s technology solutions for emerging silicon, address time to market, product differentiation, cost and performance while making silicon more profitable. Magma products include software for digital design, analog implementation, mixed-signal design, physical verification, circuit simulation, characterization and yield management. The company maintains headquarters in San Jose, Calif., and offices throughout North America, Europe, Japan, Asia and India. Magma’s stock trades on Nasdaq under the ticker symbol LAVA. Follow Magma on Twitter at www.Twitter.com/MagmaEDA and on Facebook at www.Facebook.com/Magma. Visit Magma Design Automation on the Web at www.magma-da.com.
Magma is a trademark of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.
Except for the historical information contained herein, the matters set forth in this press release, including statements about the features and benefits of eSilicon’s and Magma products, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to the companies’ abilities to keep pace with rapidly changing technology and their products’ abilities to produce desired results. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.
Magma Design Automation Inc.
Director, Corporate Marketing