Rio Design Automation Continues Momentum Since Launch of RioMagic; Expands Headquarters, Closes Second Round of Funding, Partners With Zuken

SANTA CLARA, Calif.—(BUSINESS WIRE)—December 5, 2006— Rio Design Automation Inc. continues building momentum since introducing RioMagic, the electronics industry's first package-aware chip design software, early this year by expanding its corporate headquarters, closing Series B funding and signing an agreement with Zuken.

"We consider 2006 to be a momentous year," says Kaushik Sheth, Rio's chief executive officer. "RioMagic was launched in January and we've steadily been building a solid customer base since. This has enabled us to grow our business, recruit a talented team and attract Zuken as a key, strategic partner. These focused efforts gave our investors the confidence in the company and our products."

Rio's corporate headquarters in Santa Clara has been expanded by 2,500 square feet to accommodate its growing sales and support team.

In two rounds of funding, it has raised a total of $8.25 million. Investors include publicly traded EDA companies Cadence Design Systems Inc. (NYSE: CDN) and Magma Design Automation (Nasdaq: LAVA) and angel investors Andreas Bechtolsheim and Atiq Rasa.

Under terms of cooperative relationship with Zuken, Rio Design Automation and Zuken will work together in sales and technical development to create an overall optimized design environment for chips, packages and printed circuit boards (PCBs). Additionally, Zuken has become its exclusive distributor in Japan, Korea, China, Taiwan, and other Asian countries, with the exception of India.

About Rio Design Automation

Rio Design Automation is an electronic design automation (EDA) company bridging the gap between the design of high-performance integrated circuits (ICs) and packages, and a chip's integration with the rest of the electronic system. Its revolutionary approach offers chip designers package-aware software to that enables I/O optimization tradeoffs to take place in the context of the package and the printed circuit board (PCB). Corporate headquarters is located at: 2901 Tasman Drive, Suite 112, Santa Clara, Calif. 95054. Telephone: (408) 844-8038. Facsimile: (408) 844-8945. Email: info@rio-da.com. Website: http://www.rio-da.com.

Rio Design Automation acknowledges trademarks or registered trademarks of other organizations for their respective products and services.

Contact:

Public Relations for Rio Design Automation Inc.
Nanette Collins, 617-437-1822
Email Contact




Review Article Be the first to review this article
Aldec

Downstream : Solutuions for Post processing PCB Designs

Featured Video
Jobs
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, California
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Director, Business Development for Kongsberg Geospatial at remote from home, Any State in the USA
Director, Business Development for Kongsberg Geospatial at Ottawa, Canada
Upcoming Events
IPC Technical Education - PCB Layout - Place and Route at Del Mar Fairgrounds 2260 Jimmy Durante Blvd. Del Mar CA - May 2, 2018
IPC Technical Education at Wisconsin Center 400 W Wisconsin Ave. Milwaukee WI - May 8, 2018
IPC High Reliability Forum at Embassy Suites: Baltimore-At BWI Airport 1300 Concourse Drive Linthicum MD - May 15 - 17, 2018
TrueCircuits: IoTPLL
DAC2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise