Mentor Graphics Joins Verisity's Verification Alliance Program; Mentor Consulting 100th Member to Join Program

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Feb. 24, 2003--Verisity Ltd. (Nasdaq:VRST), the leading supplier of essential technology and methodology for functional verification, today announced that Mentor Graphics Corporation (Nasdaq:MENT), a world leader in electronic hardware and software design solutions, as the 100th member of Verisity's Verification Alliance(TM) program. The program links Verisity with leading industry consultants and consulting firms to provide customers with much needed relief for the two most critical problems they face: verification of their complex integrated circuit, system-on-chip and system designs; and sophisticated engineering resources. Mentor Consulting, the professional services division of Mentor Graphics(R) recognized for its expertise in functional verification, will provide engineers with verification methodology training and consulting services based on Verisity's solutions.

By joining the Verification Alliance program, Mentor Consulting is addressing an increasing customer demand for training and consulting services in the verification field. Verisity's Specman Elite(R) testbench automation solution is used by a vast number of Mentor Consulting customers and is tightly integrated with leading Mentor Graphics verification solutions such as the Seamless(R) co-verification environment, the VStation(TM) and Celaro(TM) emulation platforms, and the ModelSim(R) simulator. Through its participation in this program, Mentor consultants will build on their knowledge of tools and methodologies to offer verification engineering resources and expertise based on Verisity's tools and methodologies.

"Because verification takes up a very large portion of the overall design process, we are seeing a significant increase in requests for verification-related consulting services," said Brian Bailey, chief technologist for verification methodologies, Mentor Consulting Division, Mentor Graphics. "As part of the Verification Alliance program, Mentor Consulting will be equipped with the complete resources to offer Specman Elite consulting services, which will complement our strong portfolio of existing verification services for customers worldwide."

"The Verification Alliance program connects our market-proven verification methodologies with some of the best consulting talent in the industry," said Francine Ferguson, vice president of corporate and strategic marketing for Verisity. "Mentor Consulting is a welcome addition to the program and we look forward to joining forces to help mutual customers create top-quality designs while saving time and valuable engineering resources."

About Mentor Consulting

Mentor Consulting is a leader in worldwide semiconductor intellectual property services and maintenance and a provider of innovative solutions addressing today's design and verification challenges. The company's infrastructure and methodology solutions for SoC design, board process, system verification and design reuse are used worldwide by forward-looking electronics companies to optimize their design productivity and advance adoption of the latest industry design best practices. For more information on these and other services and products email Mentor Consulting at mentor_consulting@mentor.com or visit www.mentor.com/consulting.

About Mentor Graphics

Mentor Graphics Corporation (Nasdaq:MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of about $600 million and employs approximately 3,500 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777; Silicon Valley headquarters are located at 1001 Ridder Park Drive, San Jose, California 95131-2314. World Wide Web site: www.mentor.com.

About Verisity

Verisity, Ltd. (Nasdaq:VRST), is the leading supplier of essential technology and methodology for the functional verification market. The company addresses customers' critical business issues with its market-leading software and intellectual property (IP) that effectively and efficiently verify the design of electronic systems and complex integrated circuits for the communications, computing, and consumer electronics global markets. Verisity's Specman Elite(R) testbench automation solution automates manual processes and detects critical flaws in hardware designs enabling delivery of the highest quality products and accelerating time to market. The company's strong market presence is driven by its proven technology, methodology, and solid strategic partnerships and programs. Verisity's customer list includes leading companies in all strategic technology sectors. Verisity is a global organization with offices throughout Asia, Europe, and North America. Verisity's principal executive offices are located in Mountain View, California, with its principal research and development offices located in Rosh Ha'ain, Israel. For more information, visit www.verisity.com.

Verisity, the Verisity logo, Specman Elite, and Verification Alliance are either registered trademarks or trademarks of Verisity Design, Inc. in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.

CONTACT: Verisity Design, Inc.  
             Jennifer Bilsey, 650/934-6823 
             jen@verisity.com