AccelChip Appoints Dan Ganousis as President and CEO; Founder Dr. Prith Banerjee Becomes CTO and Chairman of the Board of Directors.Business Editors/Technology Writers SCHAUMBURG, Ill.--(BUSINESS WIRE)--June 3, 2002 AccelChip, Inc. today announced it has hired Dan Ganousis as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . AccelChip's founder and former President and CEO Dr. Prith Banerjee has been named Chief Technical Officer and remains Chairman of the board of directors. Mr. Ganousis has also been named to AccelChip's board of directors. AccelChip is the first company to provide a high-level synthesis tool for developers of DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive algorithms. AccelFPGA is the first commercially available DSP design tool that directly synthesizes the MATLAB (MATrix LABoratory) A programming language for technical computing from The MathWorks, Natick, MA (www.mathworks.com). Used for a wide variety of scientific and engineering calculations, especially for automatic control and signal processing, MATLAB runs on Windows, Mac and (R) design language, the language used by the overwhelming majority of DSP designers. By providing a completely automated path from DSP algorithms to hardware implementation, AccelFPGA shaves months off the traditional DSP design cycle by eliminating the need to manually create RTL (Register Transfer Level) A high-level hardware description language (HDL) for defining digital circuits. The circuits are described as a collection of registers, Boolean equations, control logic such as "if-then-else" statements as well as complex event sequences; models and simulation testbenches. "DSP designers are rapidly moving to FPGA-based implementations of their DSP algorithms to meet the performance requirements of today's communications and imaging technologies. AccelChip pioneered a true top-down DSP design process with the introduction of AccelFPGA and now the company is moving to the next phase of its development by bolstering its management team," said Dr. Banerjee. "I am delighted to transition into the CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. role where I can focus on our core technology and ensure AccelChip maintains its leadership position in one of the fastest growing market segments in 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. ." "We're very pleased to have an experienced EDA executive like Dan join AccelChip," Dr. Banerjee added. "His extensive experience in EDA marketing, consulting services and sales are exactly the management skills AccelChip now needs to lead the company." "DSP has become the technology driver for the semiconductor industry, and AccelChip under Prith's leadership has enabled tremendous productivity improvement for developers of DSP algorithms," commented Mr. Ganousis. "I am excited to be leading AccelChip as our products are being adopted worldwide by leading-edge DSP designers." Mr. Ganousis served as a marketing consultant for AccelChip prior to his appointment as President and CEO. His most recent EDA position was Senior Vice President of Marketing and Consulting Services at Innoveda, Inc. He also served as Vice President of Marketing at VeriBest, Inc. and Director of Consulting Services at Mentor Graphics, Inc. An IC design engineer by trade, Mr. Ganousis managed the ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. design group at Solbourne Computer, and held various engineering positions at Digital Equipment Corporation, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers Microelectronics, and Zilog, Inc. Mr. Ganousis holds a B.S.E.E. degree from Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. in Troy, NY. About AccelChip, Inc. AccelChip develops and markets high-level synthesis tools that accelerate the process of chip design. Founded in 2001, the company is headquartered at 999 Plaza Drive, Suite 340, Schaumburg, IL. For more information call (847) 995-9517 or visit www.accelchip.com. Editors For more information, contact: Patricia Hinsley, AccelChip, Inc., (847) 995-9517 ext. 244, patricia@accelchip.com All tradenames and trademarks are the property of their respective owners. Copyright (c) 2002, AccelChip, Inc. All rights reserved. |
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