Strong Momentum for Continued Growth
SAN JOSE, Calif. – March 17, 2014 – Atrenta Inc., the leading provider of SoC Realization solutions for the semiconductor and consumer electronics industries, today announced a record 62% new business in 2013. This new business comes from growth in existing customers and new customers' orders. Atrenta also announced that it added 47 new customers during 2013 which increased its customer count by 25%.
“The semiconductor industry is going through a major paradigm shift with significant emphasis on System-on-Chip (SoC) design. The focus is shifting from design creation to IP sourcing and integration. Atrenta’s pioneering RTL signoff solutions for IP and SoC have played a significant role in enabling this transition,” said Ajoy Bose, President and CEO of Atrenta. “The growth of this sector, along with our ability to reduce costly iterations in this flow, has lead the industry and is now returning dividends. The industry trends continue to be very favorable to our business.”
Atrenta's industry leading growth spanned all of its product lines, including the SpyGlass® Predictive Analyzer® Platform, GenSys® SoC Assembly and Restructuring Suite and BugScope™ Assertion Synthesis Suite. The growth was driven by five different product lines now contributing more than 10% of the company's annualized bookings. Additionally, Atrenta has established direct sales and field support worldwide to ensure global deployment of its software and continued expansion of its business.
"We are very pleased to see our products driving the market and continuing to improve, both in acceptance and in revenue," said Bert Clement, CFO of Atrenta. "With our new business growth in 2013, we are well positioned to drive our revenue growth above 25% in 2014.”
About Atrenta Inc.
Atrenta's SpyGlass Predictive Analyzer® significantly improves design efficiency for the world's leading semiconductor and consumer electronics companies. Patented solutions provide early design insight into the demanding performance, power and area requirements of the complex system on chips (SoCs) fueling today's consumer electronics revolution. More than two hundred forty companies and thousands of design engineers worldwide rely on SpyGlass to reduce risk and cost before traditional EDA tools are deployed. And with the addition of BugScope™ verification efficiency is also enhanced, allowing engineers and managers to find the fastest and least expensive path to silicon for complex SoCs.
SpyGlass from Atrenta: Insight. Efficiency. Confidence. www.atrenta.com
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This press release contains forward-looking statements. Atrenta disclaims any obligation and does not undertake to update or revise the forward-looking statements in this release.