Icon Design Automation Appointed Verplex's Exclusive Distributor In India

MILPITAS, Calif., May 14, 2002 -- Verplex™ Systems Inc., the electronic design automation (EDA) formal verification market and technology leader, today named ICON Design Automation Pvt. Ltd. of Bangalore, India, its exclusive distributor there.

Founded in 1997, ICON Design Automation employs a dedicated team for marketing and selling the Verplex product line throughout India. In addition to post sales support they will also offer a fully staffed training center to serve local customer educational needs.

"We've had immediate success marketing and selling the Verplex formal verification product line," says Kala Kumar, managing director of ICON Design Automation. "Many major companies such as Cisco and Motorola have already purchased Verplex tools here in India and each has told us that there are no better formal verification products on the market today."

"We see a growing need in India for formal verification solutions because of the complex nature of IC design completed there," notes Sean Torsney, vice president of worldwide sales at Verplex. "ICON Design Automation and its excellent, well-trained technical team have helped us identify immediate opportunities for our tools."

About Verplex
Verplex Systems Inc. is an electronic design automation (EDA) company focused on delivering the highest-speed, highest-capacity and easiest-to-use formal verification products for complex system-on-chip (SOC) design. Founded in 1997, it is privately held and funded by leading venture capital firms. Corporate headquarters is located at 300 Montague Expressway, Suite 100, Milpitas, Calif. 95035. Telephone: (408) 586-0300. Facsimile: (408) 586-0230. Email: info@verplex.com. Online information is found at its web site: http://www.verplex.com.

For more information, contact:
Nanette Collins
Public Relations for Verplex
(617) 437-1822
nanette@nvc.com