EDA and Technology Experience in Japan Will Contribute to Magma Growth
SANTA CLARA, Calif. and YOKOHAMA, Japan, Aug 6, 2008 (PrimeNewswire via COMTEX News Network) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of semiconductor design software, today announced it has appointed Stuart Harrington as president of Magma KK, Magma's Japanese subsidiary. Harrington, with more than 20 years experience managing electronic design automation and other technology operations in Japan and Asia, reports to Magma Corporate Vice President, Worldwide Sales Bruce Eastman.
"Stuart brings proven success managing EDA operations in Japan, a great benefit for Magma," said Magma President and Chief Operating Officer Roy E. Jewell. "I expect his experience will help our Japan team achieve even greater success."
"It is exciting to join Magma at a time when the company's new products are setting the stage for market expansion," Harrington said. "Talus, FineSim and the Titan platform are delivering excellent results and I expect they will demonstrate good traction as the Japan market moves toward more enhanced technologies."
Harrington's most recent EDA experience was with Cadence Design Systems, Japan, where his assignments included vice president of marketing and vice president of the PCB Systems Division. Earlier EDA experience included serving as president of Orcad Japan following its acquisition of Intelligent Systems Japan, where he had also served as president.
Harrington holds a Bachelor of Science degree in Electrical Engineering from Stanford University and completed the Cadence University Senior Management Program. He is a recipient of the Stanford-Keio Scholarship for work in the Aiso-Tokoro Artificial Intelligence Lab.
Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, WiFi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve" while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com and www.magma-da.co.jp.
Except for the historical information contained herein, the matters set forth in this press release, including statements regarding Magma's growth in Japan and about the features and benefits of Magma's software are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including but not limited to the ability of Magma's products to produce the desired results and the company's ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission ( www.sec.gov). The company undertakes no additional obligation to update these forward-looking statements.
SOURCE: Magma Design Automation
Magma Design Automation Inc.
Monica Marmie, Director, Marketing Communications
Sumiko Miida, Corporate Marketing Manager, Japan