Innoveda to Report Fourth Quarter Results On January 28, 2002

MARLBORO, Mass.--(BUSINESS WIRE)--Jan. 14, 2002--Innoveda, Inc., (Nasdaq: INOV - news), a leading provider of electronic product design software and services, today announced it will release results for the fourth quarter ended December 29, 2001, on Monday, January 28, 2002. President and Chief Executive Officer, Will Herman, and Chief Financial Officer, Kevin O'Brien, will host a conference call that same day at 5 p.m. (ET) to review the company's financial results and operations.

The conference call will be accessible via the Internet on Innoveda's investor relations home page at www.innoveda.com/investors. The call also will be available via telephone at (800) 340-5810 for domestic callers and (212) 346-6450 for international callers. A recorded replay of the call will be available beginning at 7 p.m. (ET) on January 28, 2002 until 7 p.m. (ET) on February 4, 2002. Access to the replay will be available on Innoveda's Website or by telephone. Domestic callers should dial (800) 633-8284 and international callers (858) 812-6440. The access code for both numbers is 20233973.

About Innoveda

Innoveda, Inc. (Nasdaq "INOV") is a worldwide leader in electronic design automation (EDA) technology, software and services for successful businesses in the telecommunications, consumer electronics, computer, automotive and aerospace industries. The company's innovative solutions are intended to empower people for mission-critical areas of the design process. Headquartered in Marlboro, Mass., Innoveda has sales offices and research centers worldwide. Additional information can be found at: http://www.innoveda.com/

Forward-Looking Statements

This press release includes forward-looking statements that are subject to a number of risks and uncertainties. All statements, other than statements of historical facts, included in this press release including, without limitation, statements regarding Innoveda's financial projections for any period, strategy, future operations, financial position, prospects, plans, goals and objectives of management are forward-looking statements. When used in this press release, the words "will", "believe", "anticipate", "intend", "estimate", "expect", "project", "plan", "preliminary" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We cannot guarantee future results, levels of activity, performance or achievements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future transactions or strategic alliances. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including the availability of financial resources, the ability of Innoveda to successfully integrate its business combinations, recent economic uncertainty, weakness in the business of our customers, Innoveda's ability to develop new products and market acceptance of those products, the cyclical nature of the electronics industry, the failure of Innoveda's quarterly results to meet market expectations, the impact of financial charges related to business combinations, the intense competition Innoveda faces, and the other risks described in Innoveda's annual report on Form 10-K for the fiscal year ended December 30, 2000 as filed with the Securities and Exchange Commission on March 30, 2001, Innoveda's most recent quarterly report on Form 10-Q and the other public filings made by Innoveda with the SEC, which factors are incorporated herein by reference.

Note to editors: Innoveda and the Innoveda logo are trademarks of Innoveda, Inc.

Contact:
     Innoveda, Inc.
     Innoveda Investor Relations
     www.innoveda.com/investors
     Tel. (508) 303-5507