EVE Ends Fiscal Year 2008 with 40% Growth in Revenues

Fourth Consecutive Year of Stellar Performance; 100% CAGR

SANTA CLARA, Calif. -- May 6, 2008 -- EVE, the leader in hardware/software co-verification, today announced it closed its fiscal year 2008 with year-over-year revenue growth of 40% and a compounded annual growth rate (CAGR) of 100% over the last four years. “We are delighted to announce our remarkable growth, which confirms EVE’s position as number one in hardware/software co-verification,” asserts Dr. Luc Burgun, EVE’s Chief Executive Officer & President. “This is the result numerous innovations brought to market including EVE’s Reconfigurable Test Bench, Transaction-Level Simulation at several megahertz speed, along with the software debugger connection to CPU via JTAG transactor, and full low-voltage differential signaling (LVDS) emulation.”

Today’s news comes after EVE expanded its customer base to a total of 57 customers and about 300 systems installed worldwide. EVE added multiple new customers in leading industries, including Sony Corporation in digital camera (DSC), LSI Logic Corporation in consumer, Renesas Technology, Marvell Technology Group Ltd. and Qualcomm Incorporated in wireless.

This historic year saw volume deployment of ZeBu-XXL, the fastest emulation platform with a top speed of 20 megahertz and a maximum capacity of 100-million application specific integrated circuits (ASIC) gates in a small chassis. By interconnecting three boxes, it can be expanded to 300-million ASIC gates. In fiscal year 2008, several multi-box configurations have been installed worldwide.

“The increasing use of software content in SoC designs requires fast validation tools,” affirms Lauro Rizzatti, General Manager of EVE-USA and worldwide vice president of marketing. “Our ZeBu systems set new performance standards for transaction-based acceleration, challenging the traditional in-circuit emulation approach to become the only viable products on the market to address growing validation problems.”

About EVE

EVE is the worldwide leader in hardware/software co-verification solutions, including hardware description language (HDL) acceleration and extremely fast emulation. EVE products significantly shorten the overall verification cycle of complex integrated circuits and electronic systems designs.
Its products also work in conjunction with popular Verilog, SystemVerilog, and VHDL-based software simulators from Synopsys, Cadence Design Systems and Mentor Graphics.
http://www.eve-team.com