Customer Wins Fuelling Expansion At Monterey Design; New Facilities Added Worldwide for Larger Sales, Marketing and Engineering Teams.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 20, 2001 Due to its continued growth in customer partnerships, Monterey Design Systems(TM) today announced that it has significantly expanded its sales and support facilities worldwide. Over the last six months, the company has more than doubled its worldwide sales and marketing teams and has grown its engineering development and support teams as a result of major customer wins that include Infineon (NYSE NYSE See: New York Stock Exchange :IFX IFX - ["Type Reconstruction with First-Class Polymorphic Values", J. O'Toole et al, SIGPLAN Notices 24(7):207-217 (Jul 1989)]. )(FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :IFX), LSI Logic (NYSE:LSI), Texas Instruments (NYSE:TXN), and most recently, STMicroelectronics (NYSE:STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ). To support increased customer activity in the United States, Monterey is moving its Austin, Texas sales office to larger facilities that will accommodate the additional research and development activity, application engineers and sales personnel required for that region. In addition, the company has added offices in Portland, Oregon; Dallas, Texas and San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . The company also has offices in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. and Boston, Massachusetts. Monterey Design's worldwide headquarters are in Sunnyvale, California. The company currently has 100 employees worldwide. As a result of its growth in Europe, Monterey has also opened sales and support offices in Israel and the United Kingdom. Direct sales and applications engineering support has also been increased for Japan and the Far East where the company has begun to aggressively implement its major account strategy, assisting distributors with sales campaigns for its Dolphin(TM) and Sonar(TM) products. "Because Monterey's business model aligns our customers' success with our own by basing revenues on successful design completion, we have been aggressively adding personnel to drive customer tape outs," said Jacques Benkoski, president and chief executive officer of Monterey Design Systems. "We are placing the best support personnel at our key customer locations worldwide to leverage our new business model while expanding our company and maintaining a healthy, balanced level of growth." About Monterey Design Systems Monterey Design Systems is privately held and backed by leading venture and industrial investors to provide physical design solutions that will increase the design productivity of the semiconductor industry. Monterey develops and markets physical design software products to help its customers achieve production quality designs with faster Time-to-Silicon(TM). The company's products are based on its patented Global Design Technology(TM) and made accessible through pioneering new business models that align financial rewards to its customers' success. In addition, Monterey's products are available as part of an innovative e-service model that enables worldwide collaborative design efforts. Monterey partners with leading EDA companies such as Cadence (NYSE: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. ) and Synopsys (Nasdaq:SNPS SNPS Space Nuclear Power System ) to ensure interoperability in ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. and COT design flows. Monterey Design Systems is located at 894 Ross Drive, Sunnyvale, CA 94089-1443, tel: 408/747-7370, fax: 408/747-7377, http://www.montereydesign.com Note to Editors: All trademarks mentioned herein are the property of their respective owners. |
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