Antrim Design Systems Closes Series D Financing With Matsushita; Investment Strengthens Commitment to Excellence.Business Editors/High-Tech Writers SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--May 21, 2001 Antrim Design Systems, Inc., the mixed-signal solutions company, announced that they have closed Series D financing with investors including Matsushita. Antrim provides mixed-signal intellectual property (IP), tools and services to the consumer electronics, communications and multimedia industries. (This is one of four announcements dated today regarding Series D financing.) Matsushita is an existing Antrim customer and will work closely with Antrim to develop additional commercial analog and mixed-signal IP and tools. "Matsushita recognizes the talent and ingenuity Antrim provides the industry with regard to mixed-signal design, and we are excited to become a bigger part of their success," said Akira Matsuzawa, Ph.D., general manager for Matsushita's Advanced LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Development Center, Corporate Semiconductor Development Division. "Matsushita has committed to automating our mixed-signal design process with Antrim's mixed-signal solutions and we are pleased with the success we've had. We believe the industry is ripe for expansive growth with Antrim." "Matsushita and Antrim have worked closely for over two years, and they have provided us with invaluable input for product development," said Roy McGuffin, Antrim's 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. . "Antrim is honored that a first-class company like Matsushita has chosen to participate so strongly in Antrim's success. We look forward to a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship with our friends at Matsushita." About Matsushita Matsushita Electric Industrial Co., Ltd. (NYSE NYSE See: New York Stock Exchange :MC) is one of the world's leading developer and producers of electronic products for the home, the office, and in between. Based in Osaka, Japan, it recorded annual sales of 7,681.6 billion yen (US $ 58.2 billion) in the fiscal year ended March 31, 2001. Best known for the Panasonic brand name, the company also sells products under the Technics tech·nic n. 1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process. 2. technics (used with a pl. verb) Technical details, rules, or methods. 3. , Quasar, and National brands around the world. For information on Panasonic and Matsushita, visit the Web site at http://www.panasonic.com. Matsushita's shares are listed outside Japan on the Amsterdam, Dusseldorf, Frankfurt, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pacific and Paris stock exchanges. About Antrim Antrim Design Systems, Inc. has delivered the world's first complete mixed-signal synthesis system incorporating design software, intellectual property and expert design services. Targeting the communications, multimedia and consumer electronics markets, Antrim leverages the knowledge of mixed-signal designers in a system that maximizes optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. and retargetability. Based in Scotts Valley, California Scotts Valley is a small city located in eastern Santa Cruz County, California, United States, about ten miles (16 km) south of San Jose and six miles (10 km) north of the beach in the upland slope of the Santa Cruz Mountains. As of the 2000 census, the city population was 11,385. , the company is privately held. Headquarters: 5550 Scotts Valley Drive, Suite 300, Scotts Valley, California 95066. Telephone: 831/430-1900. On the web at http://www.antrim.com Note to Editors: Antrim Design Systems, Inc. is a registered trademark of Antrim Design Systems, Inc. All other trademarks are the property of their respective owners. |
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