Globetech Solutions Joins Verisity's Verification Alliance Program

MOUNTAIN VIEW, Calif., Jun 4, 2002 (BUSINESS WIRE) -- Globetech Solutions, the advanced technology engineering and consulting services company, and Verisity Ltd. (Nasdaq:VRST), leading provider of functional verification automation, today announced that Globetech Solutions has joined Verisity's Verification Alliance(TM) program. The Verification Alliance program was established to link Verisity with leading, industry consulting firms to provide customers with verification engineering resources and expertise based on Verisity's Specman Elite(TM) testbench automation solution. Globetech has the full resources to offer consulting services on Specman Elite, and furthermore, has moved forward with the development of a series of eVCs(TM) (e Verification Components), clearly demonstrating its expertise and capabilities. eVCs are configurable, reusable, plug-and-play verification components written in Verisity's e verification language.

"The Verification Alliance program has been tremendously successful," said Coby Hanoch, vice president and general manager of European Operations for Verisity. "The program brings us together with top-notch consulting firms to deliver more complete methodologies and technologies to our customers. Globetech Solutions' experience is a great fit."

"We have found Verisity's Specman Elite platform to be more than a verification tool; it is a well defined methodology that encompasses significant design trends such as System-on-Chip and IP-cores," said Stylianos Diamantidis, Chairman and Chief Executive Officer of Globetech Solutions. "By becoming one of the first companies in Southern Europe to participate in Verisity's Verification Alliance program, Globetech Solutions is once again re-affirming its commitment to strive for new technologies, methodologies and global business practices."

About Globetech Solutions
Globetech Solutions specializes in providing technology companies the engineering power to build better products quicker and more cost effectively.

With demonstrated expertise in digital design, verification, design-for-testability and system software, Globetech Solutions offers Scalable Engineering Services(TM) designed to turn ambitious projects into successful products. A growing IP portfolio, currently comprising a variety of configurable testability cores, complements these services.

In its design center in Greece, Globetech Solutions has combined Silicon Valley expertise with rich local talent to create a powerful engineering center and is currently helping key customers in the United States create exciting technology. For more information, visit Globetech Solutions at www.globetechsolutions.com.

About Verisity
Verisity is the leading provider of proprietary technologies and software products used to efficiently verify designs of electronic systems and complex integrated circuits that are essential to the communications and other high growth segments of the electronics industry. The Company's products automate the process of detecting flaws in these designs, enabling customers to deliver higher quality products, accelerate time-to-market and reduce overall product development costs.

Verisity Design, Inc.'s principal executive offices are located in Mountain View, CA. The Company's principal research and development offices are located in Rosh Ha'ain, Israel. For more information, see Verisity's web site at www.verisity.com.