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SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 4, 2000--Monterey Design Systems(TM) today announced that it has added its first worldwide design services customer, Spike Technologies, to its rapidly growing customer base. Spike will integrate Monterey's complete physical design solutions into a COT flow that is used for its design services business.

``Because the design outsourcing business is growing at a healthy rate, leading semiconductor conductor companies are requiring more sophisticated physical implementation tools for their complex deep submicron designs,'' said Nikhil Modi, president and chief executive officer of Spike Technologies. ``Dolphin from Monterey Design was an easy choice for us as it aligns with many of our customers' flows, is able to handle the technical challenges our customers are faced with, and increases our productivity with SoC designs.''

``We are pleased that a design services vendor such as Spike Technologies that is dealing with advanced COT customers, has seen the value in our integrated physical implementation solutions,'' said Jacques Benkoski, president and chief executive officer of Monterey Design Systems. ``This agreement is in line with our company strategy to implement the most productive flow for deep submicron SoC designs. We believe that this business agreement will be extremely beneficial to Spike's design services customers, Spike and Monterey.''

About Dolphin(TM)

Monterey's Dolphin directly addresses the design imperatives of multi-million-gate SoCs built on leading-edge semiconductor process technologies. Unlike existing physical design solutions, Dolphin's In One Pass(TM) architecture, with its unique and patented Global Design Technology(TM) approach, solves the complex interdependencies among SoC design factors by simultaneously exploring all aspects of the physical design space, including placement, routing, timing, logic optimization, clock, power, crosstalk and other signal integrity and deep submicron effects.

About Monterey Design Systems

Monterey Design Systems is privately held and backed by leading venture and industrial investors to provide physical design solutions that will increase the design productivity of the semiconductor industry. Monterey develops and markets physical design software products to help its customers achieve production quality designs with faster Time-to-Silicon(TM). The company's products are based on its patented Global Design Technology(TM) and made accessible through pioneering new business models that align financial rewards to its customers' success. In addition, Monterey's products are available as part of an innovative e-service model that enables worldwide collaborative design efforts. Monterey partners with leading EDA companies such as Cadence (NYSE:CDN) and Synopsys (NASDAQ:SNPS - ) to ensure interoperability in ASIC and COT design flows. Monterey Design Systems is located at 894 Ross Drive, Sunnyvale, CA 94089-1443, tel: 408/747-7370, fax: 408/747-7377, http://www.montereydesign.com

About Spike Technologies

Spike Technologies was founded in 1994 with a mission to provide high quality chip design consulting services. Since that time, Spike has engaged with customers in Asia and USA providing services in ASIC Design, FPGA Design, Circuit Design, Cell Library Design and EDA Tools development. Spike has a portfolio of Intellectual Property related to EDA Software, Bus Functional Models and Synthesizable Cores. Spike has over 175 employees located at its two design centers; one in Milpitas, CA and one in Bangalore, India. More information about Spike, its products and services may be obtained from the World Wide Web at http://www.spiketech.com.

All trademarks mentioned herein are the property of their respective owners.

     Monterey Design Systems
     Crystal Walker, 408/747-7370
     crystal@mondes.com
     or
     Lee Public Relations
     Wendy Truax, 503/672-9073
     wendy@leepr.com