eASIC Appoints Richard Deranleau as Chief Financial Officer

Former CFO for Fujitsu America and Brocade joins Single Mask Adaptable ASIC provider

SANTA CLARA, Calif. — (BUSINESS WIRE) — July 21, 2014 — eASIC Corporation, a leading provider of Single Mask Adaptable ASIC™ devices, today announced the immediate appointment of Richard Deranleau as the company’s Chief Financial Officer and Senior Vice President of Finance. Mr. Deranleau was recently SVP, Finance and CFO for a $1.1 Billion North American operating company of Fujitsu, Ltd. and was previously CFO of Brocade Communications Systems, Inc. (NASDAQ: BRCD).

“Richard’s proven strategic and operational expertise in successfully building and growing public and private companies makes him a tremendous addition to our executive team,” said Ronnie Vasishta, president and CEO at eASIC Corporation. “His experience in high growth companies is extremely valuable as eASIC continues our aggressive growth plans.”

“I am excited by the opportunity to work with Ronnie and the team on a unique technology that is clearly demonstrating compelling customer benefits,” said Richard Deranleau. “With eASIC’s rapid customer adoption and resulting fast growth, we have an exciting future ahead of us deploying our unique technology to an ever expanding marketplace.”

Prior to Fujitsu, Mr. Deranleau was the VP of Finance and CFO for Brocade Communications Systems, Inc. where he was responsible for all aspects of international accounting, finance, treasury, tax and investor relations. Mr. Deranleau was also Vice President of Finance at Polycom, Inc. where he joined during the start-up phase and through the initial public offering (IPO).

About eASIC

eASIC is a fabless semiconductor company offering breakthrough Single Mask Adaptable ASIC devices aimed at dramatically reducing the overall cost and time-to-production of customized semiconductor devices. Low-cost, high-performance and fast-turn ASIC and System-on-Chip designs are enabled through patented technology utilizing Via-layer customizable routing. This innovative fabric allows eASIC to offer a new generation of ASICs with significantly lower up-front costs than traditional ASICs. Privately held eASIC Corporation is headquartered in Santa Clara, California. Investors include Khosla Ventures, Kleiner Perkins Caufield and Byers (KPCB), Crescendo Ventures, Seagate Technology and Evergreen Partners. For more information on eASIC please visit www.easic.com.



Contact:

eASIC Corporation
Jasbinder Bhoot, 408-855 9200
Email Contact




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