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Antrim Design Systems Receives $11 Million in Funding From iVisionary, Matsushita, Mitsubishi, Brentwood Venture and Others
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--May 21, 2001--Antrim
Design Systems, Inc., the mixed-signal solutions company, announced
that they have closed US$11 million in private placement financing
from iVisionary, Matsushita, Mitsubishi, Brentwood Venture and others.
Antrim provides mixed-signal intellectual property (IP), tools and
services to the consumer electronics, communications and multimedia
industries. (This is one of four announcements dated today regarding
Antrim Series D financing.)
``The breadth of investors for this latest round of funding
validates the industry's confidence in Antrim's approach to
mixed-signal tools, IP and services,'' said Roy McGuffin, Antrim's
president and CEO. ``Integrated circuit designers are facing a critical
juncture in development without the solutions Antrim provides. We are
pleased that our efforts have been so positively validated.''
``Antrim's proven technical capabilities, as well as its strong
management team make Antrim an ideal investment,'' said Stephen
Dawahare, president and CEO for iVisionary. ``Their strong customer
roster indicates their market acceptance. It's refreshing to find a
company like Antrim that is positioned to be the leader in
mixed-signal solutions.''
Antrim plans to use the funds to expand its sales and marketing
efforts, as well as grow its research and development activities for
mixed-signal tools and IP.
About Antrim
Antrim Design Systems, Inc. has delivered the world's first
complete mixed-signal synthesis system incorporating design software,
intellectual property and expert design services. Targeting the
communications, multimedia and consumer electronics markets, Antrim
leverages the knowledge of mixed-signal designers in a system that
maximizes optimization, reuse and retargetability. Antrim is a member
of the Cadence (NYSE:CDN) Connections Program, the Sun Developer's
Connection Program (Nasdaq:SUNW), and Hewlett Packard's Solutions
Provider's Program (NYSE:HWP). Based in Scotts Valley, Calif., the
company is privately held.
Headquarters: 5550 Scotts Valley Drive, Suite 300, Scotts Valley,
California 95066. Telephone: 831/430-1900. On the web at
http://www.antrim.com
TRADEMARKS:
Note to Editors: Antrim Design Systems, Inc. is a registered
trademark of Antrim Design Systems, Inc. All other trademarks are the
property of their respective owners.
Contact:
Grand Arbor Press
Cindi Maciolek, 702/341-5395
cindi@grandarbor.com
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