Innoveda Achieves Record Ship of Front-End Design Tool

12,000 Copies of DxDesigner Issued Last Month to Meet Customer Demand

MARLBORO, Mass.--(BUSINESS WIRE)--Dec. 20, 2001--Innoveda, Inc. (Nasdaq: INOV - news), a leading provider of electronic product design software and services, today announced it reached a major milestone in shipping 12,000 copies of its browser-based DxDesigner(TM) front-end engineering design solution during November. DxDesigner enables geographically dispersed teams to work together to capture, verify and simulate their designs. In the company's history, this is the largest number of copies of front-end tools shipped during a single month.

Rick Almeida, vice president of marketing for Innoveda's Product Realization Group, said, "Innoveda's web-based DxDesigner solution takes a whole new approach to front-end design by addressing all aspects of circuit design and simulation, component selection library management, constraint definition, project management and team-based design within a single integrated solution. This 'design definition' approach places Innoveda in the top position in the industry in web-based, board-level design functionality. It appears to resonate well with customers, who appreciate having much more than just a point tool for schematic capture. Their quick adoption of DxDesigner resulted in record shipments during November."

According to Dick van Hees, CAE Manager of ASML, The Netherlands, "As a leading provider of Semiconductor Manufacturing Equipment, the complexity and number of PCBs we're dealing with is increasing dramatically. This impacts the number of design teams that must work together to create our final products. We turned to Innoveda's DxDesigner tools for help in integrating these teams because DxDesigner works the way we do. By actively supporting our design methodology, DxDesigner maximizes our ability to define, manage and exchange data consistently, taking our design process to the next level and increasing the level of integration among our widely dispersed design teams."

Efficient Design Flow Solution

Using DxDesigner, engineering design teams with members in diverse locations coordinate their efforts by using a centralized, corporate-approved parts library that distributes information among purchasing, component engineering, manufacturing and design engineering teams. The use of advanced hierarchical design techniques enables common or standard subsystems to be reused in future designs, speeding delivery of next-generation products.

DxDesigner also provides electronic engineers with a way to find, test and eliminate signal-integrity (SI) problems in the first printed circuit board (PCB) spin. The solution can analyze PCB nets for potential SI problems and develop physical design constraints based on the analysis to help ensure an end product that works correctly the first time.

About Innoveda

Innoveda, Inc. (Nasdaq "INOV") is a worldwide leader in electronic design automation (EDA) technology, software and services for successful businesses in the telecommunications, consumer electronics, computer, automotive and aerospace industries. The company's innovative solutions are intended to empower people for mission-critical areas of the design process. Headquartered in Marlboro, Mass., Innoveda has sales offices and research centers 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, 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, Innoveda's ability to develop new products, 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, the Innoveda logo and DxDesigner are trademarks of Innoveda, Inc.

     Innoveda, Inc.
     North America:
     Sarah Miller
     508.303.5254
     smiller@innoveda.com
          or
     Europe/Middle East:
     Peter van der Sluijs
     +44 1442 879222
     peterv@neesham.co.uk
          or
     Asia Pacific:
     Mieko Takiyama
     011-81-3-5485-8101
     mtakiyama@innoveda.com