Santa Clara, Calif.--July 27, 1998--Escalade Corp. (Santa Clara) announced strong sales growth for its family of high-level design automation (HLDA) products, with new sales to Lucent Technologies, Motorola, Texas Instruments, Mitsubishi, Canon, VLSI Technology, Varian, Siemens, AT&T, Alcatel, Kodak, Lockheed Martin, Wyle Labs, and National Semiconductor.
The sales culminate a year-long repositioning effort on the part of the company and its board of directors. The turnaround began in June 1997 with the selection of new CEO Jean-Pierre Braun, a founder and general manager of the Sunrise Technology Division of Viewlogic Systems, and the subsequent relaunch of the company.
Over the last year, Escalade has secured a second round of financing, from original investors Kleiner Perkins Caufield & Byers, Hummer Winblad, and Sofinnova, as well as new investors August Capital and the Walden Group, known for their expertise in the EDA arena. The company has built an experienced sales and distribution organization, including new sales offices in Annapolis, MD and Orange County, CA; new distributors in Japan, Korea, Singapore, Hong Kong, Canada, and Israel; and established a wholly owned subsidiary in Europe. It has revamped and extended its product line to include a new family of IP authoring and protection products, and set up a strategic partnership program to work closely with leading IP vendors.
In addition to strong direct sales, Escalade has entered into partnerships with seven new IP vendors. ARM, Palm Chip, Denali, Innovasic, Simple Silicon, VLSI Technology, and Xentec have licensed Escalade's authoring and IP protection products to create, protect, and deliver IP models used in system-on-a-chip design. In addition, Escalade has developed strategic partnerships with EDA vendors Synopsys, Cadence, Mentor, Ikos, SimuCAD, Synplicity, Ambit, and Exemplar Logic.
Santa Clara, CA
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