Axis Systems Announces Fourth Consecutive Year of Rapid Revenue and Bookings Growth; Market Leader in Design Team Emulation Adds Industry Veteran to Executive Team.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 5, 2003 Axis Systems, Inc., the market and technology leader in Design Team Emulation, announced its fourth consecutive year of record revenues and bookings. The private company's July 31, 2003 year-end results showed year-over-year revenue and bookings growth in excess of twenty percent. The company also announced it has added industry veteran Ron Burns to its executive team as vice president of marketing. "We've continued our record growth by consistently providing our customers with a competitive advantage in terms of advanced verification technology. In the past year, we've added eleven major new customers and we've experienced increased bookings among our existing client base," said Mike Tsai, 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. , Axis Systems. "We expect continued success as our customers' businesses grow, especially in the embedded and consumer markets. And, to ensure our continued growth, we are expanding our executive team to focus on the strategic direction of the company." Axis attributes its continued growth to increased customer success with its Design Team Emulation products, including the recently announced XoC(TM) for the embedded market Refers to custom-designed, computer-based devices and applications that perform a fixed set of tasks. It may refer to cellphones and other handhelds, network appliances (routers, access points, modems) and myriad consumer electronics products. -- a complete verification system for ARM microprocessor-based designs from block-level testing through application software. Customers are choosing Axis products because of the unique value they bring to the design flow -- small form factor, ease-of use and debug To correct a problem in hardware or software. Debugging software means locating the errors in the source code (the program logic). Debugging hardware means finding errors in the circuit design (logical circuits) or in the physical interconnections of the circuits. , the ability to verify at multiple levels of abstraction, and hardware-software co-verification capabilities. By using Axis products, customers have achieved full functional chips in first tapeout with significant reduction of verification time. The most recent addition to the Axis executive team is 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. ) and emulation veteran Ron Burns. Burns brings to Axis more than 17 years of marketing and sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a experience in the EDA and semiconductor industries. He joins the company as its vice president of marketing. Steve Wang, a co-founder of Axis and the company's previous vice president of marketing, takes on the newly created position of vice president of strategy and business development. 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. Burns, "It's an exciting time to join the Axis executive team. The company has a proven track record of delivering technological innovation, and our latest product, XoC, provides a compelling verification solution for a new generation of SoC platforms. I'm looking forward to working closely with Axis' customers to ensure our products continue to provide them with a superior system verification closure solution for their SoC designs." "I am thrilled to welcome Ron to Axis, where his expertise in developing innovative, customer-driven programs will help us to further strengthen customer relationships and expand our penetration in the system verification market," said Tsai. "I am also excited to have Steve take on a critical new role within the company to ensure that we have the technology and strategies in place to drive the company into its next stage of growth." About Ron Burns Prior to joining Axis, Ron served as the vice president of sales and marketing for InTime InTIME Cardiology A clinical trial–Intravenous nPA for Treatment of Infarcting Myocardium Early–comparing efficacy of a weight-adjusted single bolus of nPA/lanoteplase to tPA–administered by infusion in restoring blood flow to the heart in Pts Software, a pioneer in offering 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; Timing Analysis technology for complex IC design. Prior to InTime, Ron held various sales management positions at Cadence/Quickturn, Forte Design Systems, NeoCAD, Mentor Graphics/Silicon Compiler Systems, and Harris Semiconductor. Ron holds a BSEE BSEE abbr. Bachelor of Science in Electrical Engineering from the University of South Florida • • [ and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Santa Clara University. About Axis Systems Axis Systems, Inc. offers high-performance verification systems for the hardware and software development of complex electronic system and system-on-a-chip (SoC) designs. Axis' products provide customers with increased confidence in new designs, improved overall verification productivity and shortened time-to-market. On a single system and with one design database, Axis' patented ReConfigurable Computing (RCC RCC - An extensible language. ) technology provides software simulation, accelerated simulation, system emulation and hardware/software co-verification. Axis counts among its customers the world's leading graphics, networking, multimedia, and processor companies. Axis is headquartered at 209 E. Java Drive, Sunnyvale, CA 94089. To learn more about Axis, visit www.AxisSystems.com. Xtreme, Xcite and Xsim are registered trademarks and XoC, Xpert and Xchange are trademarks of Axis Systems, Inc. |
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