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Synplicity Signs OEM Agreement with EVE; Expands into Rapidly Growing Verification Market
SUNNYVALE, Calif.—(BUSINESS WIRE)—July 19, 2006—
Synplicity, Inc. (Nasdaq:SYNP), a leading supplier of
software for the design and verification of semiconductors, today
announced the signing of a multi-year OEM agreement with EVE pursuant
to which Synplicity will provide EVE's customers with access to
Synplicity's industry-leading FPGA synthesis technology. Under terms
of the agreement, EVE will bundle a customized version of Synplicity's
Synplify Pro(R) software into its ZeBu hardware-assisted verification
suite, allowing EVE's customers to benefit from the increased
performance and quality of results offered by Synplicity's FPGA
synthesis software. In addition, the signing of this OEM agreement
provides Synplicity an increased opportunity to supply its synthesis
software to the growing Design Team Emulation and Acceleration Market.
According to Gartner, this segment is slated to grow at a 17 percent
CAGR between 2006 and 2009.
"By bundling the highly reliable and fast Synplify Pro software
within our ZeBu compiler, augmented by the ability to parallelize the
synthesis process on farms of PCs, we will offer our customers an
advanced and compelling implementation solution," said Lauro Rizzatti,
vice president of marketing and general manager of EVE-USA. "This
agreement with Synplicity provides EVE with critical technology that
nicely complements our product offering. We are pleased to be able to
partner with Synplicity and look forward to a strong relationship with
them in the years to come."
"It is gratifying to establish this agreement with EVE, who has an
established track record of delivering sophisticated verification
solutions to the marketplace," said Joe Gianelli, vice president of
business development at Synplicity. "EVE has a strong foothold within
the emerging hardware-assisted verification market and we believe our
FPGA synthesis solution will lend itself nicely to support its
customers' functional verification needs. We believe this OEM
agreement with EVE further demonstrates that the Synplify Pro software
is the FPGA synthesis tool of choice."
About Synplicity's Synplify Pro Software
Synplicity's Synplify Pro software is the industry's leading FPGA
synthesis product. The Synplify Pro software combines superior quality
of results with fast runtimes, unmatched ease-of-use, and technology
independence. By using a true timing-driven approach to synthesis, the
Synplify Pro tool meets design's performance requirements while
simultaneously minimizing area.
About Synplicity
Synplicity(R) Inc. (Nasdaq:SYNP) is a leading supplier of
innovative software solutions that enable the rapid and effective
design of Programmable Logic Devices (FPGAs, PLDs and CPLDs) that
serve a wide range of communications, military/aerospace, consumer,
semiconductor, computer and other electronic systems markets.
Synplicity's tools provide outstanding performance, cost and
time-to-market benefits by simplifying, improving and automating key
design planning, logic synthesis, physical synthesis and verification
functions for FPGA, FPGA-based ASIC verification, and DSP designers.
Synplicity is the number one supplier of FPGA synthesis solutions and
has been rated #1 in customer satisfaction in 2004 and 2005 in EE
Times' Annual FPGA Customer Survey. Synplicity products support
industry-standard design languages (VHDL and Verilog) and run on
popular platforms. The company operates in over 20 facilities
worldwide and is headquartered in Sunnyvale, California. For more
information visit http://www.synplicity.com.
Forward-Looking Statements
This press release contains forward-looking statements including,
but not limited to, statements regarding the performance, achievements
and benefits of the latest version of the Synplify Pro software used
in conjunction with third party products, and the Synplify Pro
software's market position. In some cases, you will be able to
identify forward-looking statements by terminology such as "may,"
"will," "should," "expects," "believes" or the negative of these terms
or other comparable terminology. These statements are only predictions
and involve known and unknown risks, uncertainties and other factors
that may cause the actual results to differ materially from the
forward-looking statements, including the performance and benefits of
Synplicity's software relative to relevant industry methods or
standards, design flaws, design difficulties or other problems with
Synplicity's software, the performance of EVE's software independent
of Synplicity's software, and the growth and changing technical
requirements in the FPGA market. For additional information and
considerations regarding the risks faced by Synplicity, see its annual
report on Form 10-K for the year ended December 31, 2005 as filed with
the Securities and Exchange Commission, as well as other periodic
reports filed with the SEC from time to time, including its quarterly
reports on Form 10-Q. Although Synplicity believes that the
expectations reflected in the forward-looking statements are
reasonable, Synplicity cannot guarantee the future performance or
achievements of its software. In addition, neither Synplicity nor any
other person assumes responsibility for the accuracy or completeness
of these forward-looking statements. Synplicity disclaims any
obligation to update information contained in any forward-looking
statement.
Synplicity and Synplify Pro are registered trademarks of
Synplicity, Inc. All other brands or products are the trademarks or
registered trademarks of their respective owners.
Contact:
Synplicity, Inc.
Joe Gianelli, 408-215-6000 (Readers)
Email Contact
or
Porter Novelli
Steve Gabriel, 408-369-4627 (Press)
Email Contact
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