Shareholders Approve Cadence's Acquisition of Verisity
SAN JOSE, Calif.—(BUSINESS WIRE)—March 30, 2005—
Verisity, Ltd. (Nasdaq:VRST) today announced that its
shareholders have approved the proposed acquisition of Verisity by
Cadence Design Systems, Inc. The acquisition remains subject to
satisfaction or waiver of a few remaining closing conditions.
About Verisity
Verisity, Ltd. (NASDAQ:VRST) is the leading supplier of process
automation solutions 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 VPA solutions enable
projects to move from executable verification plans to module, unit,
and chip/system level "total coverage" and verification closure, while
maximizing productivity, product quality, and predictability of
schedules.
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 and the Verisity logo 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, Ltd.
Bonnie Mott, 650-934-6800
bonnie@verisity.com
