Cadence Selects Gianfagna to Head System Level Design Group; New Group is Led by Executive with 25 Years of Semiconductor and EDA Industry Experience.

Business Editors

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 4, 2000

Cadence Design Systems, Inc. (NYSE:CDN), the world's leading provider of electronic design products and services, today named Mike Gianfagna as vice president and general manager of the recently formed System Level Design group. Gianfagna will report directly to Ray Bingham, Cadence(R) president and chief executive officer.

In this position, Gianfagna is responsible for managing all aspects of a fast-growing segment of the Cadence business. The System Level Design group focuses exclusively on the needs of its customers for rapid authoring, integration and verification of system-level virtual components enabling customers to bring their products to market faster. System-level products include Cierto(TM) virtual component co-design (VCC), a product for virtual component and platform design and delivery, Cierto signal processing workstation (SPW), an authoring and implementation tool and Affirma(TM) Hardware/Software verifier, a high-level verification tool.

&uot;During his three years at Cadence, Mike has led successful worldwide marketing and applications engineering (AE) teams,&uot; Bingham said. &uot;With 25 years of experience in the semiconductor and EDA industries, managing engineering, marketing, and sales groups, Mike is well suited to take on this new challenge.&uot;

Gianfagna joined Cadence in 1997. He most recently served as vice president of design and verification marketing at Cadence. Prior to working at Cadence, Gianfagna held marketing and engineering management positions at RCA, GE, Harris, and marketing and sales management positions at Zycad.

He holds a bachelor's of science degree in electrical engineering from New York University and a master's of science degree in electrical engineering from Rutgers University.

About Cadence

Cadence is the largest supplier of electronic design automation products, methodology services, and design services used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 5,000 employees and 1999 annual revenue of $1.1 billion, Cadence has sales offices, design centers, and research facilities around the world. The Company is headquartered in San Jose, Calif. More information about the company, its products and services may be obtained from the World Wide Web at http://www.cadence.com.

Note to Editors: Cadence and the Cadence logo are registered trademarks and Cierto and Affirma are trademarks of Cadence Design Systems, Inc. All others are properties of their holders.