CIMdata PLM Industry Summary Online Archive
24 April 2007
Financial News
Apache Design Solutions Starts Off Strong in 2007 with Record Sales; New Products Contribute to 30% of Total Sales
Apache Design Solutions announced that the company has achieved its 17th consecutive quarter of record bookings and revenue, while maintaining profitability. Over 30% of Apache's Q1 bookings came from new products including PsiWinder for full-chip clock jitter analysis and other unannounced products, while RedHawk adoption continues to grow as the power signoff solution of choice by leading semiconductor companies.
"Q1 is a seasonally weak quarter for EDA business. But Apache has achieved another record quarter with significant bookings," stated Craig Shirley, vice president of worldwide sales at Apache. "This achievement validates the strength of our world-class R&D and support team to deliver the only complete silicon integrity platform solution for SoC, analog-IPs, and Systems."
"Over the past year, many leading semiconductor companies have mandated power as a signoff requirement for designs at 90nm and below. This mandate was driven by the increasing chip failures identified as power- and noise-related issues, even after passing traditional timing signoff," stated Andrew Yang, CEO of Apache. "Apache will continue to expand our silicon integrity platform solutions by working closely with our leading customers and foundry partners, and ensuring timely delivery of new products in 2007."
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