$5.4 Million Raised by Neo Linear in Second Round Funding; New Capital to Support Rapid Expansion into System-on-Chip Market.Business Editors PITTSBURGH--(BUSINESS WIRE)--April 24, 2000 Neo Linear, Inc. today announced completion of a second round of financing of $5.4 million. TVM TVM Time Value of Money (business, finance, economics) TVM Ticket Vending Machine TVM Thanks Very Much (logging abbreviation) TVM Transmission Voie Machine Techno Venture Management of Boston and Intersouth Partners of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. led the investment. Existing shareholders also participated, bringing total funding for Neo Linear since inception to $8.1 million. The new equity will be used to expand research, development and sales teams, as well as to provide a rapid growth infrastructure to meet growing demand for the Company's analog physical synthesis product line, NeoCell(TM). In addition, a number of new technologies in development will be accelerated, enabling a broader analog silicon design solution. "We only invest in break-through, enabling technologies," stated Dr. Peter Levin of TVM. "Neo Linear will revolutionize the most challenging portion of mixed-signal system-on-chip design -- analog circuitry. The technology offers compelling value with the potential to drive a minimum tenfold improvement in designer productivity." Newly appointed Chairman of Neo Linear, Dr. Ron Rohrer, added, "TVM and InterSouth are technology-focused and appreciate the value of solutions that enable deep submicron system-on-chip designs. The most difficult challenges are found in the analog portion of mixed-signal circuitry. This also happens to be one of the highest growth segments in the industry since it is driven by the consumer, communications and internet markets." An expert in the semiconductor and EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. industries, Dr. Rohrer has served as technical consultant and advisor to IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , AT&T Bell Laboratories, Synopsys (Nasdaq:SNPS SNPS Space Nuclear Power System ), Avant! (Nasdaq:AVNT) and Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. (Nasdaq:MENT). Neo Linear, Inc. Neo Linear develops, manufactures and markets design automation systems for analog silicon design. Founded in 1996, the Company is the only provider of physical synthesis software for the automatic generation of analog cells. The revolutionary NeoCell(TM) product is the first in a family of mixed-signal design tools from Neo Linear. It delivers an order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. increase in designer productivity at the same density and performance previously attainable from "hand crafted" manual layouts. NeoCell integrates seamlessly into customers' existing process flows and is technology and methodology independent, thereby resolving the challenge of analog IP re-use and deep submicron technology migration. The Company has sales and support offices in the U.S. and Europe with distributors in the Far East. Neo Linear's corporate headquarters are at 311 South Craig Street Craig Street, born in Oakland, California, is a noted record producer. Craig moved with his family to Los Angeles at the age of 11, but returned to the Bay Area for his high school years. He began playing guitar at age 14, playing in a number of Berkeley bands. , Pittsburgh, Penn., 15213. Visit Neo Linear on the web at www.neolinear.com. Neo Linear, NeoCell and Accelerating Mixed-Signal Design are trademarks of Neo Linear. All other product and company names are trademarks and registered trademarks of their respective companies. |
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