Antrim Design Systems Receives $11 Million in Funding From iVisionary, Matsushita, Mitsubishi, Brentwood Venture and Others.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 US$11 million in private placement financing from iVisionary, Matsushita, Mitsubishi, Brentwood Venture and others. 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 Antrim Series D financing.) "The breadth of investors for this latest round of funding validates the industry's confidence in Antrim's approach to mixed-signal tools, IP and services," 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. . "Integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for designers are facing a critical juncture in development without the solutions Antrim provides. We are pleased that our efforts have been so positively validated." "Antrim's proven technical capabilities, as well as its strong management team make Antrim an ideal investment," said Stephen Dawahare, president and CEO for iVisionary. "Their strong customer roster indicates their market acceptance. It's refreshing to find a company like Antrim that is positioned to be the leader in mixed-signal solutions." Antrim plans to use the funds to expand its sales and marketing efforts, as well as grow its research and development activities for mixed-signal tools and IP. 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, reuse and retargetability. Antrim is a member of the Cadence (NYSE NYSE See: New York Stock Exchange :CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) Connections Program, the Sun Developer's Connection Program (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ), and Hewlett Packard's Solutions Provider's Program (NYSE:HWP HWP Height (and) Weight Proportionate HWP Half-Wave Plate HWP Highway Patrol HWP Height Weight Proportional HWP Hewlett-Packard Corporation (stock symbol) HWP Hydrolyzed Whey Peptides ). Based in Scotts Valley, Calif., the company is privately held. Headquarters: 5550 Scotts Valley Drive, Suite 300, 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. 95066. Telephone: 831/430-1900. On the web at http://www.antrim.com TRADEMARKS: 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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