SAN JOSE, California – January 24, 2006 – Optimal Corporation, a leading provider of high-performance EDA solutions, today announced that it has expanded its executive management team by appointing former Cadence Design Systems (CDNS) executive, David DeMaria, as its new chief executive officer. DeMaria, in addition to taking over all day to day operations of the company, will become a member of the Optimal Board of Directors and will work with Optimal Chairman, Len Perham, to develop and implement the long term product, sales and business strategies of the company.
DeMaria joins Optimal as a successful and accomplished executive with over 20 years of experience in the EDA industry, most recently at Cadence. During seven years at Cadence, he held a number of executive positions, including Executive Vice President of the Systems division and Senior Vice President of Worldwide Marketing and Strategy. Prior to Cadence, Dave served as Group Vice President of Viewlogic’s Systems division and Managing Director of Zuken-Redac.
Perham said, “Dave is bringing his considerable executive talent and EDA experience to Optimal at a pivotal point. 2006 will be a breakout year for the company, and Dave’s expertise, industry contacts, vision and sense of Optimal’s place in that industry will be crucial to the company’s success. With Dave at the helm, we expect to see Optimal become the leading force in the high performance analysis space as signal integrity and power integrity become mission critical issues across chip, package and board design.”
DeMaria stated, “I’m excited to become a part of the Optimal team at a time when signal and power integrity are becoming such critical issues for the electronics industry. I was attracted to Optimal by their strong technology, impressive set of customers, and by the endorsement of their key strategic partners, TSMC and Cadence. I also believe that Optimal’s leadership position in the IC packaging market provides an exciting opportunity for growth, as packaging becomes a more integral part of the IC design process and new packaging technologies emerge.”
Perham will continue as the Chairman of the Board and work with DeMaria to establish and implement objectives of Optimal Corporation. Perham also serves as chairman of the board at NetLogic Microsystems (NETL) headquartered in Mountain View, California and senior advisor to AsiaTech Management, a venture capital company headquartered in Santa Clara, California.
DeMaria continued, “I am delighted that Len will continue to be very involved with Optimal as an active chairman. Adding my 20+ years of EDA experience with Len’s extensive semiconductor industry experience, and the deep technology experience Dr. An-Yu Kuo, our CTO and founder, creates a powerful team that can help Optimal exploit the growth opportunities ahead.”
About Optimal CorporationOptimal is a leading provider of high-performance EDA solutions. The company's breakthrough technology and engineering expertise have helped leading chip and system companies solve challenging high-speed design problems and bring industry-leading products to market. Additional information may be obtained online at www.optimalcorp.com or by e-mailing Email Contact.
Optimal Corporation and the Optimal logo are trademarks of Optimal Corporation. All other marks are the property of their respective owners. © 2006. All Rights Reserved.
+1 408-363-6300 x105