SAN JOSE, Calif. and YOKOHAMA, Japan, April 11, 2010 (GLOBE NEWSWIRE) -- Magma Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, announced today it has named Noriaki Kikuchi president of Magma KK, Magma's Japanese subsidiary. Kikuchi, with more than 30 years experience in electronic design automation and other technology industries, reports to Magma President and Chief Operating Officer Roy E. Jewell.
"Kikuchi-san has the proven track record to make him an exceptional fit to lead our team in Japan," Jewell said. "I believe his background and perspective will enhance our Japan team's ability to build on our past successes here."
"I'm delighted to join such an innovative and forward-thinking company as Magma," Kikuchi said. "Magma technology is well regarded in Japan – the new Tekton static timing analysis platform has been met with great enthusiasm – and I believe the company's commitment to making customers successful will continue to be key to attaining even greater accomplishments."
With a history of sales and senior management positions with increasing responsibilities, Kikuchi most recently was president of Japan operations for Brion Technologies Inc., a subsidiary of ASML, overseeing sales, field application engineering and customer service. Previously he was president of Tera Systems Japan, and also held senior sales and field operations positions with Synopsys Japan and Seiko Instruments Inc. Kikuchi holds a Bachelor of Arts degree in management from Chuo University in Tokyo.
About Magma
Magma's electronic design automation (EDA) software provides the "Fastest Path to Silicon"™ and enables the world's top chip companies to create high-performance integrated circuits (ICs) for cellular telephones, electronic games, WiFi, MP3 players, digital video, networking and other electronic applications. Magma products are used in IC implementation, analog/mixed-signal design, analysis, physical verification, circuit simulation and characterization. The company maintains headquarters in San Jose, Calif., and offices throughout North America, Europe, Japan, Asia and India. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Follow Magma on Twitter at www.Twitter.com/MagmaEDA and on Facebook at www.Facebook.com/Magma. Visit Magma Design Automation on the Web at www.magma-da.com and www.magma-da.co.jp.
Magma is a registered trademark and "Fastest Path to Silicon" is a trademark of Magma Design Automation Inc. All other product, company and institution names are trademarks or registered trademarks of their respective owners.
Forward-looking Statements:
Except for the historical information contained herein, the matters set forth in this press release, including statements about the features and benefits of Magma products, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including but not limited to the ability of Magma's products to produce the desired results and the company's ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). The company undertakes no additional obligation to update these forward-looking statements.
Note to Editors:
A digital photo of Noriaki Kikuchi is available upon request. Contact:
Monica Marmie
(408) 565-7689
mmarmie@magma-da.com