IRVINE, Calif.—(BUSINESS WIRE)—October 25, 2006— Zytalis Inc., a leading service provider of SAP solutions, announced today that it has successfully completed the first phase of Magma Design Automation's SAP ERP initiative in the United States and Europe.
The SAP ERP initiative is designed to standardize and streamline
Magma's contract-to-cash, procure-to-pay, and revenue recognition
processes to provide continuous access to accurate, reliable and
timely information across its entire organization.
"Thanks to the strong partnership we formed with Zytalis, Magma
was able to deliver the business benefits we committed to with the
implementation of SAP in a relatively short period of time. Zytalis
provided strong resources with an in-depth understanding of SAP as
well as the software industry and a practical implementation approach
they tailored to Magma's specific needs. We are extremely pleased with
what we have been able to achieve as a team," said Chip Vanek,
director of Information Technology for Magma.
"Every project has its unique design and implementation challenges
and Magma was no different, but by leveraging SAP's best practices and
our own iterative implementation approach, Magma has become a great
example of how a rapidly growing, mid-market company can leverage the
world's leading ERP package. Not only will Magma reap the immediate
benefits of SAP but they will also now have a software platform that
will allow them to scale and meet their long-term growth goals. We
look forward to continuing our successful relationship with Magma in
the future," said Zytalis' co-founder and EVP Richard Gu.
Magma's software for IC design is recognized as embodying the best
in semiconductor technology. The world's top chip companies use
Magma's EDA software to design and verify complex, high-performance
ICs for communications, computing, consumer electronics and networking
applications, while at the same time reducing design time and costs.
Magma provides software for IC implementation, analysis, physical
verification, characterization and programmable logic design; and the
company's integrated RTL-to-GDSII design flow offers "The Fastest Path
from RTL to Silicon(TM)." Magma is headquartered in Santa Clara,
Calif. with offices around the world. Magma's stock trades on Nasdaq
under the ticker symbol LAVA. Visit Magma Design Automation on the web
Magma is a registered trademark and "The Fastest Path from RTL to
Silicon" are trademarks of Magma Design Automation Inc. All other
product and company names are trademarks or registered trademarks of
their respective companies.
Zytalis (www.zytalis.com) is a professional services firm focused
exclusively on the implementation and support of the SAP software.
Founded in Irvine, California, in 1997, Zytalis now has over 150 SAP
resources working throughout the United States.
In its relatively short existence the Company has established an
unparalleled reputation for excellence, with such clients as
Microsoft, Lucent, Home Depot, Goodyear, Newport Corporation, and IGT.
To date the Company has delivered over 120 successful SAP projects at
more than 100 separate clients. Perhaps unique to the industry,
Zytalis is 100% reference-able across its entire customer base.
Zytalis maintains a core competency in each of the SAP
applications: Enterprise Resource Planning ("ERP"), Customer
Relationship Management ("CRM"), Supply Chain Management ("SCM") and
Supplier Relationship Management ("SRM") and it is a market leader in
providing specialist Product Lifecycle Management ("PLM") services.
Zytalis is also a leading NetWeaver partner and has unique insights
into the new Master Data Management ("MDM") application and the
Exchange Infrastructure ("XI").
From the assessment of project scope through deployment and
ongoing support, Zytalis provides the skills and services necessary to
succeed at every step of the lifecycle of an SAP implementation.