Innoveda Recognizes Design Contest 2002 Winners at International Users Conference

Marlboro, MA, May 7, 2002 - Innoveda, Inc. (Nasdaq:INOV), a leading electronic design automation company, announced the winners of its fourth annual Design Contest, at the Innoveda International Users' Conference 2002, held recently in San Diego. The awards recognize the outstanding work of customers who combine Innoveda's leading interconnect solutions with their own innovative designs to create highly complex printed circuit boards (PCBs). Winning designs were selected on the basis of complexity, ability to be produced, usability and maximum use of various technologies. In addition to software and monetary prizes, winning companies are promoted on the Innoveda website. Innoveda made the following awards:

• Grand Prize - Colleen Salvaggi, Brooktrout Technology, Needham, Mass., USA, who used cutting-edge design reuse capabilities of Innoveda's PowerPCB™ layout solution to combine two designs into a highly complex, densely packed, high-end printed circuit board for a telecommunications application. Salvaggi also won the award for Digital Design, in which she used several Innoveda solutions to design a board used as a component in several phone network products.

• Manufacturability Design - Mark Bartlett, GE Transportation, Global Signaling Division, Grain Valley, Mo., USA, who employed Innoveda's PCB tools, including physical design reuse capabilities to develop a fail-safe, special-purpose industrial controller used in railroad signaling applications.

• Analog Design - John Klostergaard Nielsen, Grundfos Management A/S, Bjerringbro, Denmark, who used multiple Innoveda solutions to design an extremely compact multi-layer printed circuit board to be used as a frequency converter for asynchronous motors and pumps. All components were mounted on one side for this application.

• Autorouting with BlazeRouter™ - Ed Naimster, CIENA Corp., Linthicum, Md., who achieved a unique data/voice communications board design that required multiple parts set on different angles, by using the "any angle" feature of Innoveda's BlazeRouter solution in addition to other Innoveda tools.

• Mixed Technology - Brad Teague, Dolby Laboratories, Inc., San Francisco, Calif., who used Innoveda's high-speed solutions to design a multi-channel reference decoder for professional applications in broadcast and post-production facilities.

According to grand-prize winner Salvaggi, "Using Innoveda's solutions, we were able to overcome many design challenges. With several 100 ohm, matched length, differential impedance lines running at 4 mil lines with 6 mil spaces, 18,206 surface mount pads and 13,708 connections, the project faced serious placement and routing design challenges. To fan out of the .8mm BGAs, we used dynamic route editing. Innoveda's design reuse was well worth every penny when it came time to combine two separate databases into one to create a 14-layer board that can handle 672 simultaneous phone calls - and it did it flawlessly."

"We look forward to this contest each year for the creativity shown by our customers in developing applications for a wide spectrum of important applications used in everyday life," said Jim Martens, director of Product Marketing at Innoveda. "Our conference attendees are always in for an incredible learning adventure as they join fellow users to exchange information, share experiences and techniques, network, and discover future directions."

This year's Innoveda International Users' Conference, held Apr. 29 - May 1, 2002, provides a forum for Innoveda users to learn about and test the company's latest products and technologies, and meet with Innoveda partners, corporate and technical personnel. The three-day program includes three educational tracks, a support center, a techno fair, a round-table discussion on high-speed issues, a Q&A session, and guest speakers. Additional information on the conference and contest winners is available at: http://www.innoveda.com/design_contest/02winners.asp

About Innoveda
Innoveda, Inc. (Nasdaq "INOV") is a worldwide leader in electronic design automation (EDA) technology, software and services for businesses in the consumer electronics, computer, telecommunications, 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, management's efforts to reduce expenses in specific business areas or across the company, recent economic uncertainty, weakness in the business of our customers, Innoveda's ability to develop new products and market acceptance of those products, the effects of business combinations and dispositions and any related financial charges, Innoveda's ability to successfully integrate its business combinations, the cyclical nature of the electronics industry, the failure of Innoveda's quarterly results to meet market expectations, 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 29, 2001 as filed with the Securities and Exchange Commission on March 29, 2002, and the other public filings made by Innoveda with the SEC, which factors are incorporated herein by reference.

Contact Information

North America:
Len Harmon
508-303-5346
lharmon@innoveda.com

Europe/Middle East:
Peter van der Sluijs
+44 1442 879222
peterv@neesham.co.uk

Asia Pacific:
Junko Kaneko
03(3364)5531
junko@e-e.co.jp