Alain Labat Named as New Tera Systems President and CEO

CAMPBELL, Calif.--(BUSINESS WIRE)--Sept. 23, 2002--Tera Systems, the pioneer and leader in silicon virtual prototype (SVP) tools for complex, system-on-chip design, today announced that industry veteran Alain Labat has been named president and chief executive officer.

"It's an exciting time for EDA with significant growth ahead, particularly in Tera System's industry significant marketspace, silicon virtual prototyping," said Mark Siegel, managing director of Menlo Ventures. "Alain's extensive industry background along with his ability to grow a company globally should prove to be a great asset for Tera Systems, its customers, and the electronics industry."

Labat joins Tera Systems with more than 20 years of technology and business management experience in the electronics/EDA industry. Before joining Tera Systems, Labat served as president and CEO of Sequence Design, successfully bringing together three separate companies (Frequency, Sente & Sapphire). Prior to Sequence, Labat was with Synopsys, Inc., as sr. vice president of worldwide sales and marketing, Valid Logic Systems as vice president of international operations. Labat is an Entrepreneur Partner with Menlo Ventures and is a member of the board of directors of Xpedion Design Systems, Tera Systems, and TNI-Valiosys. He is also a founder and board member of the French American School of Silicon Valley.

Labat holds an MBA from INSEEC, France, and a Masters in International Management from the American Graduate School of International Management in Glendale, Arizona.

"As a board member of Tera Systems for more than two years, I realize that the company has the opportunity to play a key role in driving the adoption of silicon virtual prototyping technology in the industry," said Labat. "Tera Systems, with key partners such as LSI, IBM and NEC, is beginning to lead the charge into the new and rapidly-growing silicon virtual prototype market space or as Gary Smith of Dataquest calls it 'the design cockpit for all future designs.' I am very excited about the success and huge potential for the company."

"I wanted a CEO who could take Tera Systems to the next level of growth," stated Tommy Eng, former president and founder of Tera Systems. "Alain is the perfect fit. He's a proven CEO with a strong background in our market segment and he has the vision, management experience and international connections that Tera Systems needs at this stage. I look forward to working with him."

Eng will take on the new role as chief evangelist, driving long-term business relationships and strategic initiatives and will remain with Tera Systems as vice chairman of the board.

About Tera Systems

Tera Systems, Inc. is the leader in Hardware Description Language (HDL)-based design planning design planning and silicon virtual prototype technologies for use by designers of complex System-on-Chip (SoC) semiconductors. The company's products provide early visibility into design quality, performance and manufacturability issues with the goal of preventing downstream problems with synthesis and physical design processes. Using the Tera Systems tools, SoC designers can ensure timing convergence and superior performance before reaching back-end layout or actual silicon where the costs of design errors or changes are extraordinarily high. Tera Systems partners with leading semiconductor vendors to develop highly predictable design methodologies and "golden" tool flows that dramatically accelerate the SoC design cycle. For more information, visit our web site at www.terasystems.com.

TeraForm and TeraGate are trademarks of Tera Systems. All other trademarks are the property of their respective owners.


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Source: Tera Systems, Inc.



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