Verisity Provides Highest Value Verification Solution

Specman Elite with Third-Generation Simulation Technology Enables Existing and New Specman Elite Users to Lower Cost of Simulators by 50%

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 19, 2004 -- Verisity Ltd. (Nasdaq:VRST), the leading supplier of Verification Process Automation (VPA) solutions, today announced a new package that will give the mainstream engineering community broader access to its market-leading verification technology. Verisity's SpeXsim(TM) integrates its flagship Specman Elite(R) with its world-class Xsim(R) simulator, which combines testbench automation with native compiled code mixed-language simulation. In addition, SpeXsim will be tightly integrated with Verisity's SureCov(TM) code coverage and leading debug solutions such as Novas. SpeXsim provides significantly higher value to Specman Elite customers, enabling them to access a third-generation simulator for approximately half the cost of what they typically pay for simulation today. SpeXsim is the first product in a series of solutions that will integrate Verisity's process automation technologies with the recently acquired scalable infrastructure technologies from Axis Systems.

SpeXsim is a direct kernel integration between Specman Elite and Axis' Xsim mixed-language simulator, offering high performance, out-of-the-box interoperability and ease of installation. SpeXsim offers the most efficient verification at the block and unit levels, and is the only verification solution today that provides true scalability for system-level verification with the ability to run on the Xtreme(R) acceleration/emulation platform.

SpeXsim is the only solution in the market today that supports every current and proposed IEEE design automation standard, including VHDL, Verilog, SystemC and the emerging IEEE P1647 verification language based on e. Verisity also plans to support the evolving design and assertion subsets of SystemVerilog and PSL. Verisity is committed to interoperability and supporting and enhancing high-quality integrations with all other third-party simulators and Specman Elite.

"With SpeXsim, we're enabling our existing and new customers to more cost effectively scale their verification environments as they move to true coverage-driven methods and automated chip and system-level verification," said Steve Glaser, vice president of corporate marketing and business development for Verisity. "We're also enabling the mainstream engineering community to more easily adopt these proven, world-class verification solutions and significantly lower their total project costs and risks."

Third-Generation Simulation

Xsim is a third-generation simulator that was developed by Axis Systems to support the highest performance event-based simulation of the standard HDLs, and then seamlessly migrate the design from the workstation to high-speed hardware engines for acceleration, emulation and hardware-software co-verification. Since it was developed, Xsim has been used on over 500 projects, and has simulated customer designs of over 50 million gates. Verisity is now integrating this cutting-edge simulation technology into its multiple packages within its VPA product portfolio to provide customers with a more complete solution and the highest value for their verification investments.

"Verisity is delivering on the promise of Verification Process Automation," said Syed Zaidi, vice president of engineering at NeoMagic Corporation. "NeoMagic's MiMagic Application Processor family is focused on enabling the most advanced multimedia applications on mobile phones, personal digital assistants and other wireless handheld devices," Zaidi continued. "To stay on the leading edge of this rapidly evolving market it is critical that we utilize robust tools like SpeXsim. SpeXsim truly scales throughout our verification process, from the block, to the system and project level. Verisity is the one EDA company that was able to support our needs."

Pricing and Availability

SpeXsim will be available on platforms running Solaris and RedHat Linux in the third quarter of 2004. The price is $33,000 U.S. for a time-based license and maintenance.

About Verisity

Verisity Ltd. (Nasdaq:VRST) is the leading supplier of process automation solutions for the functional verification market. The Company addresses customers' critical business issues with its market-leading software and intellectual property (IP) that effectively and efficiently verify the design of electronic systems and complex integrated circuits for the communications, computing and consumer electronics global markets. Verisity's VPA solutions enable projects to move from executable verification plans to unit, chip/system and project level 'total coverage' and verification closure, while maximizing productivity, product quality and predictability of schedules. The Company's strong market presence is driven by its proven technology, methodology and solid strategic partnerships and programs. Verisity's customer list includes leading companies in all strategic technology sectors. Verisity is a global organization with offices throughout Asia, Europe, and North America. Verisity's principal executive offices are located in Mountain View, California, with its principal research and development offices located in Rosh Ha'ain, Israel. For more information, visit www.verisity.com.

Verisity, the Verisity logo, Specman Elite, SpeXsim and SureCov are either registered trademarks or trademarks of Verisity Design, Inc. in the United States and/or other jurisdictions. Xsim and Xtreme are registered trademarks of Axis Systems, a Verisity company, in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.