Nassda Ranked Number 3 of 25 Rising Stars in the Deloitte & Touche Technology Fast 500 Program
SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 4, 2003--
Attributes its 13,119 Percent Revenue Growth to Technology,
Productivity & Customer Success
Nassda Corporation (Nasdaq: NSDA), a leading provider of full-chip
circuit simulation and analysis software for the design of complex
semiconductors, has been named the 3rd fastest growing company of the
25 Rising Stars in the 2002 Deloitte & Touche Technology Fast 500, a
ranking of the 500 fastest growing technology companies in North
America. A special category of 25 Rising Star winners, companies in
business between three to five years, are ranked based on percentage
of growth in revenues between 1999 and 2001. Nassda's revenues
increased 13,119 percent over that three year period.
Nassda's CEO, Sang Wang, credits innovation, productivity and
customer satisfaction as drivers for the company's dramatic revenue
growth. "We are honored to receive this award, which recognizes our
ability to achieve solid growth and increasing profitability in spite
of a challenging business climate. From 1999 to 2001, we grew the
full-chip verification market and we believe we continue to lead in
this space through our innovative technology, high productivity and
dedication to our customer's satisfaction and design success," Wang
said.
"To rank on the Deloitte & Touche Technology Fast 500 Rising Star,
companies must have phenomenal revenue growth in a three-year period.
Nassda has proven to be one of the fast-growth success stories, and we
applaud its vision," said Mark A. Evans, managing director, Deloitte &
Touche Technology, Media, & Telecommunications Group.
To qualify as a Fast 500 Rising Star, companies must have had
operating revenues of at least $50,000 USD in 1999 and $75,000 CD for
the United States and Canada, respectively, must be public or private
companies headquartered North America, and be "technology companies"
defined as companies that own proprietary technology which contributes
to a significant portion of the company's operating revenues or
devotes a high percentage of effort to research and development of
technology. See www.fast500.com for more information.
About Nassda
Nassda Corporation (Nasdaq: NSDA) is a fast-growing provider of
full-chip circuit verification software for complex nanometer
semiconductors. Headquartered in Santa Clara, California, the company
develops and markets simulation and analysis solutions for advanced
ICs, especially for analog, mixed signal, memory, system-on-chip and
high performance digital designs. Nassda's products enable first
silicon success, and improve product quality and production yield for
its consumer, communication, computer, and memory customers. The
company has sales and distribution offices throughout the world. For
more information about Nassda, please visit the company's website at
http://www.nassda.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional
services firms, provides assurance and advisory, tax, and management
consulting services through nearly 30,000 people in more than 100 U.S.
cities. The firm is dedicated to helping its clients and its people
excel. Known as an employer of choice for innovative human resources
programs, Deloitte & Touche has been recognized as one of the "100
Best Companies to Work for in America" by Fortune magazine for five
consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP
and its related entities. Deloitte & Touche is the U.S. national
practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a
Swiss Verein, and each of its national practices is a separate and
independent legal entity. For more information, please visit Deloitte
& Touche's Web site at www.deloitte.com.
Please note that our historical revenue growth as described in
this press release may not be indicative of future periods.
Nassda is a registered trademark of Nassda Corporation. All other
trademarks and registered trademarks are the property of their owners.
CONTACT: Nassda Corporation
Graham Bell, 408/562-9168
gbell@nassda.com
or
Lee Public Relations
Gloria Nichols, 650/363-0142
gloria@leepr.com
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