CIMdata PLM Industry Summary Online Archive
8 January 2007
Financial News
Apache Closes a Record Fourth Quarter with Continued Profitability
Apache Design Solutions announced that the company has achieved its 16th consecutive quarter of record bookings and revenue, with increasing profitability. By adding two new top-tier customers in Q4, Apache's power and noise solutions are now adopted by all of the top 5 semiconductor and top 5 fabless semiconductor companies. Contributions to Apache's Q4 business growth came from multiple products including RedHawk-EV for dynamic power integrity, RedHawk-LP for low-power design management, and PsiWinder for full-chip clock jitter analysis.
"We are pleased that our customers continue to place their trust in our solutions and have selected Apache even without benchmarks," stated Craig Shirley, vice president of worldwide sales at Apache. "This demonstrates that Apache is addressing the market's critical silicon integrity needs and delivering worldwide post-sales support with dedicated expertise. Our leading edge technologies and world class support team will continue to drive our growth into 2007."
"In 2006, we saw dynamic power and low power become a sign-off requirement for the majority of leading semiconductor and fabless semiconductor companies," stated Andrew Yang, CEO of Apache. "This requirement along with PsiWinder's ability to address our customer's immediate need for a clock jitter analysis tool that correlates with silicon measurement drove our growth in 2006. Going into 2007, we are very excited about our roadmap for complete silicon integrity platform solution that leverages our leadership position in power sign-off."
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