Synplicity Signs OEM Agreement with EVE; Expands into Rapidly Growing Verification Market
July 19 2006 - 8:00AM
Business Wire
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.
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