SASKATOON, Saskatchewan, CANADA – September 12, 2006 --Solido Design Automation today announced the formation of its Board of Directors. The board includes notables from information technology, semiconductor and electronic design automation (EDA) industries. Solido Design pioneers transistor-level design enhancements solutions for analog/mixed-signal design, as well as custom digital and memory design, for the EDA market.
Jim Rutt was formerly CEO of Network Solutions Inc., (acquired by VeriSign Inc., NASDAQ: VRSN) which administered domain name spaces on the Internet. He co-founded Business Research Corp., which developed online information products for the investment community. Rutt also was the co-founder of First Call and has served as CEO of Thomson Technology Services Group; and CTO of the Thomson Corporation (TSE: TOC) as well as, Chief Strategy Officer of VeriSign, Inc. Rutt received his bachelor's degree in management from the Massachusetts Institute of Technology and is a vice chairman of the Santa Fe Institute. He was also a researcher in residence at the institute, where he studied the application of complexity science to financial markets, social simulations and artificial intelligence. Rutt is also an investor in Solido Design – see [Solido Design Automation Announces Private Investment by Technology Heavyweights], announced today.
Board member Larry Lam is Director, Technology Seed Investments at BDC working in the early stage technology investing group of BDC Venture Capital. Prior to joining BDC, he held senior marketing and R&D management positions in several early stage companies including Intelligent Photonics Control, SiCon Video, Symagery Microsystems and Semiconductor Insights. Lam currently sits on the boards of six technology companies. He holds an MBA from Queen’s University and a Bachelor in Applied Sciences (Electrical Engineering) from the University of Waterloo.
Board member Matthew Raggett, a veteran of the electronic design automation (EDA) and semiconductor industries, is a managing partner of ADAUS Ventures Inc. He has served as president and CEO of Analog Design Automation, which was acquired by Synopsys (NASDAQ:SNPS) in 2004. As part of the management team that led Phoenix Technologies through a successful IPO (INSN) and later spun inSilicon, Corp. out of Phoenix Technologies. At inSilicon, which was also acquired by Synopsys, he held the position of vice president of worldwide field operations. Raggett has held management positions at Cadence Design Systems, National Semiconductor, Fairchild Semiconductor, and ITT Telecommunications. He currently sits on the Board of Directors of several EDA companies including Javelin Design Automation, Inc., Logic Vision (NASDAQ:LGVN) and Solido Design. Raggett holds a higher technical certificate in Electronic Engineering (BSEE) from Brighton Technical College, England.
Solido Design Automation Inc. is an electronic design automation (EDA) company pioneering transistor-level design enhancement solutions for analog/mixed-signal design, as well as custom digital and memory design. Founded by the same entrepreneurs who created Analog Design Automation, the company is privately held and headquartered in Saskatoon, Saskatchewan, Canada. For further information, visit www.solidodesign.com or call 306-382-4100.
PR for Solido Design Automation – Cayenne Communication LLC
Michelle Clancy, 252-940-0981, michelle.clancy@cayennecom.com