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New Global Organization of Cadence Customers Created to Bolster Exchange of Ideas and Information
Cadence Designer Network Provides Technical Forum for Customers
and Helps Cadence Strengthen Alignment with Customer Needs
SAN JOSE, Calif.—(BUSINESS WIRE)—Feb. 23, 2005—
Cadence Design Systems, Inc. (NYSE:CDN) (Nasdaq:CDN) today
announced the launch of the Cadence Designer Network, a global,
customer-driven user community designed to promote a greater exchange
of technical information and ideas among customers, and between
customers and Cadence(R). The Cadence Designer Network will provide
designers with a variety of ways to connect with other Cadence users
to solve problems, to share ideas, best known methods and expertise.
Cadence will offer three primary avenues to boost the flow of
technical information. Under the direction of a customer-driven
steering committee, Cadence will sponsor a series of global technical
conferences called CDNLive!, including a major event in Silicon Valley
Sept. 12-14, which is being co-sponsored by IEEE Spectrum. It will
establish technical advisory teams to gain direct input from customers
to help drive product development and technology roadmaps. Finally,
beginning later this year it will host a Web-based community for
customers.
"The Cadence Designer Network will provide outstanding
opportunities for our customers to strengthen peer-to-peer technical
collaboration as well as provide direct access to Cadence experts and
executives, benefiting us all," said Mike Fister, Cadence president
and CEO. "Fostering serious technical exchanges with customers about
the challenges facing designers will enable Cadence to incorporate
customer feedback directly into our product development process so we
can deliver the technologies that design teams need to succeed."
The board of the International Cadence Usergroup (ICU) has voted
to join forces with Cadence to form this new customer community.
The Cadence Designer Network will be led by a 22-member steering
committee, including 15 customer members. The three executive members
of the ICU -- Chairman Michael Catrambone of UTStarcom, Co-Chair Sue
Strang of IBM, and Communications Officer Steven Klass of National
Semiconductor -- will retain their respective roles with the new
organization. Seven representatives from Cadence -- including CTO Ted
Vucurevich -- will also sit on the steering committee.
"I'm thrilled to be part of the founding leadership of the Cadence
Designer Network, which I'm certain will prove to be of great value to
customers," Catrambone said. "With Cadence serving as sponsor, the
Cadence Designer Network will be a premier user community that helps
Cadence customers get the answers -- and technologies -- we need."
More information about the Cadence Designer Network is available
at www.cadence.com/cdn. More information about the September CDNLive!
event is available at www.cadence.com/cdnlive.
About Cadence
Cadence is the world's largest supplier of electronic design
technologies and engineering services. Cadence products and services
are used to accelerate and manage the design of semiconductors,
computer systems, networking equipment, telecommunications equipment,
consumer electronics, and other electronics based products. With
approximately 4,900 employees and 2004 revenues of approximately $1.2
billion, Cadence has sales offices, design centers, and research
facilities around the world. The company is headquartered in San Jose,
Calif., and trades on both the New York Stock Exchange and Nasdaq
under the symbol CDN. More information is available at
www.cadence.com.
Cadence and the Cadence logo are registered trademarks of Cadence
Design Systems, Inc. All other trademarks are the property of their
respective owners.
Contact:
Cadence Design Systems, Inc.
Dean Solov, 408-914-6077
dsolov@cadence.com
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