SAN JOSE, Calif.—(BUSINESS WIRE)—October 20, 2008— Solido Design Automation, a leading developer of process variation solutions for transistor-level designers of analog/mixed-signal, custom digital, and memory integrated circuits, today announced an agreement with Sipeda Ltd., a U.K.-based company, to serve as Solido’s representative for the European market. Under the agreement, Sipeda, which provides sales, marketing and commercial services to fabless semiconductor companies, EDA (electronic design automation) developers and intellectual property (IP) providers, will have overall responsibility for building awareness of Solido and its products, and for developing Solido sales in the U.K. and mainland Europe. This represents a significant move in Solido’s overall expansion strategy.

Solido Design Automation offers a new class of EDA software that enables chip designers to gain insight into the effects of process variations on their designs and to make designs more robust to these effects without over-designing. Using SolidoSTAT, Solido’s customers are not only able to quickly analyze and fix design failures caused by process variation, but can also optimize the design for power and area.

“We are developing Solido into a truly global player in the EDA market, and we’re very excited to be working with Sipeda to create a presence in Europe that will help us realize this goal,” said Amit Gupta, CEO of Solido. “The European market is diverse and dynamic, and represents an opportunity to generate significant business for us. Sipeda’s relationships with the key analog/mixed-signal, custom digital and memory semiconductor companies will prove to be of great value in our business expansion efforts in Europe.”

“Solido is on the forefront of providing technology that addresses process variation challenges in transistor-level design,” said Ian Yates, CEO of Sipeda Ltd. “The combination of our sales, consulting and business development services with Solido’s technology will give European customers an unparalleled solution for their IC design needs.”

Ian Yates has over 30 years of high-technology business experience. Before founding Sipeda Ltd. in 2001, he was Senior Vice President of Operations for ARC International. In that role, he was responsible for ARC’s engineering and support centers in the U.K., U.S. and Canada, which developed processor and peripheral technology, software IP and a range of development tools. Prior to that, Mr. Yates was a founder and Director of Spectrum Services Europe at Cadence Design Systems, and also served on the board of directors of Accent Srl, a joint venture between Cadence and ST Microelectronics, and on the board of European CAD Developments Ltd., a joint venture between Cadence and European Silicon Structures. His experience also includes serving as European Managing Director of Gateway Design Automation, co-founding the European operations of Cadnetix Design Systems, a U.S. EDA company, and holding various commercial roles at Racal Redac, a U.K. EDA company.

Mr. Yates holds a first class honors degree in Electrical and Electronic Engineering from the University of Bradford, England.

About Solido Design Automation

Solido Design Automation Inc. provides process variation solutions for transistor-level designers of analog/mixed-signal, custom digital, and memory integrated circuits. The privately held company is venture capital funded and has offices in the U.S.A., Canada, Japan and Europe. For further information, visit www.solidodesign.com or call 306-382-4100.

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