Arthur Andersen Leads Effort to Build OrCAD's e-business Infrastructure.BEAVERTON, Ore.--(BUSINESS WIRE)--June 7, 1999-- OrCAD(R) (Nasdaq:OCAD OCAD Ontario College of Art and Design (Canada) OCAD Otis College of Art and Design OCAD O'Connor Architectural Design (Ireland) ) today announced that Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing will lead development of OrCAD's infrastructure and refine the strategy for its e-business, as well as the first release of OrCAD's new Internet-based design center. OrCAD is the leading supplier of Windows(R) electronic design automation (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. ) software and services to electronics companies worldwide. Arthur Andersen is providing OrCAD with a full range of services, from advisory on the development of its e-business strategy and solution, through the implementation of its e-business infrastructure. The firm also will collaborate with OrCAD to deliver the first release of OrCAD's Internet-based design center, which will be available early in Q4 1999, with a beta version A pre-shipping release of hardware or software that has gone through alpha test. A beta version of software is supposed to be very close to the final product, but, in practice, it is more a way of getting users to test the software in the first place under real conditions. available in July 1999. Through a series of business and infrastructure investments and partnerships, OrCAD will create an online design center where designers can research components, incorporate them into their designs, and ultimately work with an online supply network to speed their designs through the purchasing and manufacturing process. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tom Nelson, partner, Arthur Andersen's eBusiness Practice, "The emergence of e-business communities in vertical markets such as EDA will fundamentally change the competitive landscape of these markets. OrCAD's investment in e-business and the Internet-based design community can give OrCAD and designers worldwide tremendous competitive advantages." Mike Bosworth, OrCAD chairman, 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. , stated, "With the world's largest customer base of electronics design engineers, OrCAD is in a key position to realize its vision of an Internet-based design community. Through our work with Arthur Andersen, we can tie engineers' OrCAD applications to suppliers through a shared infrastructure rich with information. In this way, we can close today's `design information gap' and accelerate the development of electronics systems." Bosworth continued, "Engineers design-in an estimated $148 billion of components annually in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. alone (Note A). As a producer of some of the most widely used electronics design applications, OrCAD is in a great position to assist these engineers with information and applications that speed the design and manufacturing of electronic products. The value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. for electronics designers and suppliers through the company's new Internet-based design community creates new complementary revenue sources for OrCAD." Arthur Andersen's e-business approach leverages its knowledge of changing industry dynamics, frameworks for developing business models, and more than 80 years of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. experience. The firm's electronic commerce, security, risk management, and regulatory experience will enable OrCAD to manage challenges as it enters the e-business arena. About Arthur Andersen Arthur Andersen is a global professional services organization consisting of over 100 member firms in 81 countries. Its more than 70,000 people are united by a single worldwide operating structure and a common culture that fosters innovation, knowledge sharing and quality service. This unique "one-firm" approach qualifies the people of Arthur Andersen to serve clients by bringing together any of more than 40 services in a way that transcends geographic borders and organizational lines. Arthur Andersen's people provide effective business solutions to more than 100,000 clients around the world. Since its beginning in 1913, Arthur Andersen has realized 85 years of uninterrupted growth. With revenues over $6 billion, it stands today as a world leader in professional services. Arthur Andersen is a business unit of Andersen Worldwide Andersen Worldwide Société Coopérative (AWSC) was a Swiss-based entity which managed the global offices of accounting firm Arthur Andersen. It was also the parent corporation of Andersen Consulting (now called Accenture) before its split in 2000. . For more information, visit www.arthurandersen.com. About OrCAD Founded in 1985, OrCAD (Nasdaq:OCAD) is the leading supplier of Windows EDA software and services to electronics companies worldwide. The company's solutions increase productivity in the management of component data, and in the design of field-programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), analog and mixed analog-digital circuits, and printed circuit boards (PCBs). OrCAD is also leveraging the Internet to provide a connected online electronics design community. The company serves many segments of the worldwide electronics industry, including aerospace, telecom, industrial control, military, medical equipment, semiconductor, computer, and consumer products. OrCAD is headquartered in Beaverton, Oregon Beaverton is a city in Washington County, Oregon, United States, seven miles west of Portland in the Tualatin River Valley. As of May 2006, its population is estimated to be 84,270,[1] 9.1% more than the 2000 census figure of 76,129. , with offices in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). ; Yokohama, Japan; and Basingstoke, England. In other countries worldwide, a network of EDA resellers represents OrCAD. For more information, visit www.orcad.com. Note: OrCAD is a registered trademark and all OrCAD product and service names are either registered trademarks, trademarks, or service marks of OrCAD, Inc. Microsoft, Windows, and Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks are the property of their respective holders. Note A: Source: "Microelectronics," U.S. Industry and Trade Outlook 1999 |
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