Transeda names two new vice presidents, director to management team

TRANSEDA NAMES TWO NEW VICE PRESIDENTS, DIRECTOR TO MANAGEMENT TEAM

- Michael Stuart to lead Technical and Customer Support, Carol Hallett to head North American Sales, Udo Muerle to direct European Sales -

LOS GATOS, Calif. - July 31, 2000 - TransEDA, the leader in functional verification for electronic system-on-chip (SOC) and intellectual property (IP) designs, has announced the appointment of three new executives: Michael Stuart, vice president, technical and customer support; Carol Hallett, vice president of North American sales; and Udo Muerle, director of European sales.

?Besides bringing excellent leadership to key positions, these people have already played a vital role in helping us deliver the industry?s best functional verification environment,? said Ellis Smith, president and CEO for TransEDA. ?Their experience and ability will accelerate our growth and vitality as a company.? John Molyneux, vice president of worldwide sales for TransEDA added ?TransEDA has achieved record sales revenue and growth over the past twelve months. Carol and Udo are leading very strong organizations in their regions and will take us to even higher levels of success going forward.?

Mr. Stuart, who has been with TransEDA since its inception, previously served as the company?s director of customer and technical Support. He has held engineering positions with Veda Design Automation and Siemens, and holds a first-class honors degree in Electronic and Electric Engineering from Robert Gordons Institute of Technology, Aberdeen.

Prior to assuming her new duties, Ms. Hallett served as director of Western region sales and director of Far East sales for TransEDA. Executive-level positions she has held in her 25 years of industry experience include vice president of worldwide sales and marketing at CAD Design Software, and vice president of technical sales at RoyoCAD Inc.

Mr. Muerle advances to directorship from positions as County Manager Central Europe, and European sales and Distribution Manager for TransEDA. His extensive industry background includes service and system sales in the Logic Design and Verification Business Unit (Europe) at Cadence Design Systems; technical sales and account positions at Texas Instruments; and development engineer specializing in ASIC and FPGA designs for IBM.

Contacts:
Tom Borgstrom, TransEDA, (408) 907-2225, tom.borgstrom@transeda.com
Michelle Clancy, Cayenne Communication, (252) 940-0981, michelle.clancy@cayennecom.com