CoWare Introduces Management Team for Its New SPW Business Unit; Recently Transferred from Cadence Design Systems, SPW Business Extends CoWare's System-Level Design Leadership

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 2, 2003--CoWare(R) Inc., the leading supplier of system-level electronic design automation (EDA) software, today announced the formation of the management team for its new Signal Processing Worksystem (SPW) business unit. Leading the SPW business is vice president and general manager Isaac Sundarajan, former vice president of product operations for CoWare. Joining Sundarajan are Mark Creamer, vice president of worldwide sales, and Eshel Haritan, vice president of engineering. The SPW business was transferred to CoWare earlier this month from Cadence Design Systems (NYSE:CDN) as part of a system-level design (SLD) and verification-focused strategic alliance between the companies.

Several of the executives on the CoWare team, including CoWare president and CEO Alan Naumann, are SPW veterans. Naumann was previously general manager of the Alta Group, which managed SPW within Cadence. Creamer and Haritan both joined CoWare with the transfer of SPW, having developed and sold SPW for ten years and seven years, respectively.

"SPW has found the perfect home here at CoWare, led by a team that has a great history with the product," said Naumann. "We are pleased to welcome Eshel and Mark and our other new employees in the SPW group. Isaac's deep understanding of SLD and experience managing product and field operations for CoWare make him the perfect choice to lead the SPW business unit. He will ensure the integration of SPW with CoWare's existing products and the Cadence Incisive product line, to provide maximum value to our customers."

"With the DSP, wireless and multimedia markets experiencing growth and with our focus on developing the next generation SPW product, we are well poised to extend CoWare's leadership in the ESL market," said Sundarajan. "This is the first time SPW has been part of a product portfolio where it fits perfectly with the other products -- namely CoWare ConvergenSC and LISATek -- as well as part of a channel that can truly support it to drive adoption of SLD. SPW has a tremendous, loyal user base that would like to expand its usage. To address this, CoWare will continue to aggressively invest in the SPW technology and architecture, and will be rolling out a roadmap and enhanced product soon. We have the right team to do this now."

About Isaac Sundarajan

Sundarajan is vice president and general manager of the SPW business unit at CoWare. He joined CoWare in 1997 and was most recently the vice president of product operations. Previously, he was vice president of worldwide field operations, managing the sales and services organization. Prior to joining CoWare, Sundarajan spent ten years at Cadence in multiple management roles in sales, marketing and services organizations. Prior to joining Cadence, Sundarajan worked at Intel for six years as a CAD manager in the ASIC and Systems organization.

About Mark Creamer

Creamer brings over 20 years of high tech, EDA and computer sales and marketing experience to his new role as vice president of worldwide sales for the SPW business unit at CoWare. During his more than eight years at Cadence Design Systems, Creamer was responsible for selling SPW, and grew the business to be a major product line for Cadence. Other experience includes vice president of sales and business development for Calico Commerce, director of business development at iReady Corporation and a variety of computer sales and management positions during his nine-year tenure at Hewlett-Packard.

About Eshel Haritan

Haritan joined CoWare as part of the recent alliance agreement with Cadence. He is the vice president of engineering for the SPW business unit. Haritan joined the Alta Group of Cadence in 1996. At Cadence, he managed the SPW product line engineering, and since January 2000, he managed the Cadence System-Level Design group engineering, including SPW, VCC, NC-SystemC and Test Builder. He joined Motorola Semiconductors Israel in 1985 and for more then 10 years developed layout, synthesis and simulation tools for internal use.

About CoWare

CoWare, the leading supplier of system-level electronic design automation (EDA) software, is revolutionizing system on chip (SoC) and embedded software development by enabling engineers to create design platforms optimized for specific market requirements. Its software is employed today by major systems, intellectual property (IP) and semiconductor companies worldwide. For more information, visit http://www.coware.com.

CoWare is a registered trademark of CoWare, Inc. in the U.S. and ConvergenSC and LISATek are trademarks of CoWare, Inc. All other trademarks are the property of their respective owners.

CONTACT: CoWare, Inc.
             Mindy Powers, 408-392-8513
             mindy@CoWare.com
             or
             Armstrong Kendall, Inc. for CoWare
             Jen Bernier, 408-268-8772
             jen@akipr.com