Verisity Best Performing IPO for 2001
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jan. 3, 2002--Verisity,
Ltd. (Nasdaq: VRST - news), a leading provider of functional verification
automation tools, earned recognition as the Best Performing IPO for
2001. Since its IPO on March 21, 2001 until December 31, 2001,
Verisity's stock price achieved a +170.7 percent increase over its
initial offering price.
Verisity offers verification methodology and technology solutions
that are used by the leading semiconductor, IP, communications and
systems companies to verify their latest designs of electronic systems
and complex integrated circuits. Verisity's products automate the
process of detecting flaws in these designs at an early stage which
enables customers to deliver higher quality products, accelerate time
to market, and reduce overall development costs.
"We are very pleased that Verisity met with such strong interest
from the investment community in 2001," said Moshe Gavrielov, chief
executive officer of Verisity. "Verisity's functional verification
solutions help our customers more effectively innovate with their
designs and better capitalize on the complex advancements routinely
being made in the semiconductor industry."
About Verisity
Verisity is a leading provider of proprietary technologies and
software products used to efficiently verify designs of electronic
systems and complex integrated circuits that are essential to the
communications and other high growth segments of the electronics
industry. Verisity's products automate the process of detecting flaws
in these designs, enabling customers to deliver higher quality
products, accelerate time-to-market and reduce overall product
development costs.
Verisity Design, Inc.'s principal executive offices are located in
Mountain View, CA. Verisity's principal research and development
offices of Verisity Ltd. are located in Rosh Ha'ain, Israel. For more
information, see Verisity's web site at www.verisity.com.
Note to Editors: Verisity is a registered trademark of Verisity
Design, Inc. All other trademarks are the property of their respective
holders.
Contact:
Magnolia Communications
Debra Jones, 650/327-4960
debra@magnoliacomm.com
