Innoveda Launches Strategic Partner Program
Provides Single Source for Complementary Cutting-edge Solutions
MARLBORO, Mass.--(BUSINESS WIRE)--Oct. 25, 2001--Innoveda, Inc.
(Nasdaq:INOV - news), a leading provider of innovative software and services
for the design of advanced electronic products, today unveiled a
comprehensive partner program with more than 60 high-tech companies
already participating. Partner companies gain early access to the full
spectrum of Innoveda's leading-edge design automation tools. The
program is designed to provide engineering and corporate enterprise
customers with the most-effective combination of Innoveda and partner
company products and services.
"MatrixOne chose to partner with Innoveda because of the
exceptional productivity gains our customers could achieve throughout
their companies by integrating eMatrix(TM) and Innoveda workflows,"
said Michael B. Baker, Director of High Technology at MatrixOne.
"Through DxEnterprise(TM) for eMatrix, which was jointly developed
with Innoveda, our customers now can link directly between their
company's engineering workflow and the broad spectrum of Value Chain
Portfolio(TM) applications. This means they can do more advanced
planning to avoid errors, and share product design information with
other groups around the world more rapidly and easily."
"According to Richard G. Lucier, Innoveda's Chief Operating
Officer, "We initiated the partner program in response to so many
leading and innovative companies that recognized the value of
integrating their offerings with Innoveda's cutting-edge technology in
the three fastest-growing areas of EDA - high-speed PCB design and
analysis; system-level design and simulation; and electromechanical
design. By promoting seamless uninterrupted integration, Innoveda and
its partners can help customers complete complex designs faster, more
efficiently optimize the combination of electrical and mechanical
design, and tie together the entire product manufacturing cycle."
For partner listings and further information on Innoveda's partner
program, please click on http://www.innoveda.com/partners/.
About Innoveda
Innoveda, Inc. (Nasdaq:INOV - news) is a leading provider of innovative
software and services that help engineers visualize, design and build
advanced electronic systems for companies participating in the
telecommunications, transportation, computer and consumer electronics
markets. The company enjoys a rich heritage of technical innovation
that forms the foundation of Innoveda's comprehensive electronic
product solutions for system-level design, design capture, board
design and electromechanical design. Headquartered in Marlboro, Mass.,
Innoveda has offices worldwide. Additional information can be found
at: http://www.innoveda.com/
Forward-Looking Statements
This press release includes forward-looking statements that are
subject to a number of risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
including, without limitation, statements regarding Innoveda's
financial projections for any period, strategy, future operations,
financial position, prospects, plans, goals and objectives of
management are forward-looking statements. When used in this press
release, the words "will", "believe", "anticipate", "intend",
"estimate", "expect", "project", "plan" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. We cannot
guarantee future results, levels of activity, performance or
achievements, and you should not place undue reliance on our
forward-looking statements. Our forward-looking statements do not
reflect the potential impact of any future transactions or strategic
alliances. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of various
factors, including the availability of financial resources, the
ability of Innoveda to successfully integrate its business
combinations, recent economic uncertainty, weakness in the business of
our customers, Innoveda's ability to develop new products and market
acceptance of those products, the cyclical nature of the electronics
industry, the failure of Innoveda's quarterly results to meet market
expectations, the impact of financial charges related to business
combinations, the intense competition Innoveda faces, and the other
risks described in Innoveda's annual report on Form 10-K for the
fiscal year ended December 30, 2000 as filed with the Securities and
Exchange Commission on March 30, 2001, Innoveda's most recent
quarterly report on Form 10-Q and the other public filings made by
Innoveda with the SEC, which factors are incorporated herein by
reference.
Note to editors: Innoveda and Design Exchange are trademarks of
Innoveda, Inc. eMatrix and the Value Chain Portfolio are trademarks of
MatrixOne, Inc.
Contact:
Innoveda
North America:
Sarah Miller
508.303.5254
smiller@innoveda.com
or
Innoveda
Europe/Middle East:
Peter van der Sluijs
+44 1442 879222
peterv@neesham.co.uk
or
Innoveda
Asia Pacific:
Mieko Takiyama
011-81-3-5485-8101
mtakiyama@innoveda.com
