OneSpin Solutions Names Peter Feist President and CEO.

Industry Veteran to Drive Verification Company's Worldwide Expansion

MUNICH, Germany & SUNNYVALE, Calif. -- OneSpin Solutions GmbH, an electronic design automation (EDA) company that provides breakthrough formal verification solutions, today announced the appointment of Peter G. Feist as president and chief executive officer, effective Jan. 1. Feist, who will lead the company's worldwide expansion, brings to his new position nearly 25 years of semiconductor and EDA industry experience in the U.S. and Europe, and an exemplary track record in executive and strategic management. OneSpin Solutions is the first EDA company to enable true functional sign-off by detecting all functional errors in complex digital modules and intellectual property (IP), saving companies millions of dollars in re-spin costs and speeding time to market.

According to Feist, "As the definitive source for complete formal verification, OneSpin offers a level of quality that no other EDA company has been able to match - guaranteed error-free functional sign-off and risk-free IP reuse. I am honored to join the team that has made this a reality. OneSpin is committed to serving customers worldwide, and I look forward to leading this effort."

Founder, renowned mathematician and chief technology officer of OneSpin Solutions, Dr. Wolfram Buttner, said, "The quality metrics we applied to our CEO search were every bit as rigorous as those we apply to our technology development. Peter Feist, with his broad skill set and keen business acumen, is the ideal leader to drive OneSpin's business development and next stage of growth."

Feist is based in Silicon Valley, California. Prior to joining OneSpin, he served as chief executive officer at SIGMA-C until its acquisition by Synopsys and, earlier, as general manager and chief operating officer at SIGMA-C. Previously, he served as president and chief executive officer at PACT XPP Technologies AG; president and chief executive officer at Chameleon Systems Inc.; vice president of worldwide marketing at QuickLogic Corp.; senior vice president of marketing at GateField Corp.; and regional manager in Europe at Odeum Microsystems, a subsidiary of Hyundai's Digital Media Division. His early career spanned a broad spectrum of engineering, marketing and management positions at LSI Logic Corp. in Europe and the U.S. Feist holds a Dipl. Ing. degree (M.S.E.E. equivalent) from the University of Dortmund, Germany.

ABOUT ONESPIN SOLUTIONS

OneSpin Solutions provides electronic design automation (EDA) methodologies, tools and services for fundamental verification tasks at transaction, RT and gate levels. OneSpin's patented formal verification technology builds on 250 engineer-years of innovation and development, and has been field-proven on hundreds of complex designs to increase the quality of results, while reducing the cost and time to results. Market-leading consumer, telecommunications, automotive, computer, and embedded system companies rely on OneSpin's technology to achieve true functional sign-off for their IP, complex subsystems, processors and peripherals, and to preserve this quality level through subsequent design phases. Privately held, OneSpin was founded in 2005, and is headquartered in Munich, Germany. For further information please visit http://www.onespin-solutions.com/ or email [e-mail]. Contact: OneSpin Solutions GmbH, Theresienhoehe 12, D-80339 Munich, Phone: + 49-89-99013-0; and 1275 Orleans Drive, Sunnyvale, CA 94089, Sunnyvale, CA 94089, Phone: [phone], Fax: [phone].

OneSpin Solutions and the OneSpin logo are trademarks of OneSpin Solutions GmbH.