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Synplicity, Inc. Porter Novelli Jeff Garrison, (408) 215-6000 Steve Gabriel, (408) 369-1500 x627 jeff@synplicity.com steve.gabriel@porternovelli.com
Synplicity Increases Market Share in the FPGA Synthesis Market In 2003
Synplicity Share of the FPGA Synthesis Market Greater Than All Competitors Combined
SUNNYVALE, Calif ., December 13, 2004 - Synplicity, Inc. (Nasdaq: SYNP), a leading supplier of software for the design and verification of semiconductors, today announced the company grew its worldwide FPGA synthesis market share lead in 2003 by 14 percentage points over the previous year according to Gartner Inc., the leading provider of research and analysis on the global information technology industry. In Gartner's recently released 2004 EDA Market Trends report, Synplicity's share of the FPGA synthesis market was 58 percent in 2003, compared to 44 percent in 2002. With this sizable increase, Synplicity now holds nearly twice as much market share compared to its closest competitor. Synplicity believes its continued growth within the FPGA synthesis market is due to the desire of customers to have fast and easy-to-use FPGA synthesis products that deliver the highest quality of results.
"We strive to provide our customers with a best-in-class FPGA synthesis product and we are pleased to have extended our leadership position in this market in 2003," said Gary Meyers, president and CEO of Synplicity. "Over the years, we have steadily grown our share of the FPGA synthesis market and expect this trend to continue, based in part on the positive feedback we have received from our current and potential customers and from the strong relationships we have formed with the FPGA vendors. We expect the overall FPGA market to continue to grow and believe we are well positioned to meet the increased demand for tools that enable designers to meet their cost, time-to-market and performance goals."
Gartner forecasts a CAGR of 10 percent for the FPGA synthesis market from 2004 to 2008 and a CAGR of 19 percent for the programmable logic market from 2004 to 2008. Dataquest's annual market share and forecast report titled, " Market Trends: Electronic Design Automation, Worldwide, 2004"* and published on December 1, 2004 was compiled using a variety of data sources including Gartner's research, EDA vendor-submitted responses and detailed end-user surveys. Synplicity's leadership position was based on 2003 license and maintenance revenues for Synplicity's FPGA synthesis products including Synplify® , Synplify Pro® and Amplify® FPGA synthesis solutions.
About Synplicity's FPGA Synthesis Solutions
Synplicity's Synplify software helps programmable logic designers rapidly achieve
aggressive performance objectives. The Synplify software takes designs written
in VHDL or Verilog as input, and compiles, optimizes and maps them into efficient,
high-performance netlists for all leading CPLD and FPGA devices. The Synplify
Pro software offers high quality of results and fast runtimes along with
an expanded feature set optimized to increase performance and productivity
for today's complex programmable devices. The Amplify FPGA software is the
first physical synthesis tool for FPGAs. The Amplify FPGA software improves
circuit performance and timing closure by performing simultaneous placement
and logic optimization during the synthesis process. The Amplify FPGA product
has been used in hundreds of Altera and Xilinx programmable logic designs
around the world. Pricing and Availability Synplicity's Synplify, Synplify
Pro and Amplify FPGA solutions are available now. Pricing for the Synplify
software starts at $9,000 ( U.S.), pricing for the Synplify Pro software
starts at $19,000 ( U.S.) and pricing for the Amplify FPGA product begins
at $25,000 ( U.S.).
About Synplicity
Synplicity® Inc. (Nasdaq: SYNP) is a leading supplier of innovative synthesis,
verification and physical implementation software solutions that enable the
rapid and effective design and verification of semiconductors. Synplicity's
high-quality, high-performance tools significantly reduce costs and time-to-market
for FPGA, structured/platform ASIC and cell-based/COT ASIC designers. The company's
underlying Behavior Extracting Synthesis Technology® (BESTT), which is
embedded in its logical, physical and verification tools, and has led to Synplicity's
top position in FPGA synthesis, now provides the same fast runtimes and quality
of results to ASIC and COT customers. The company's fast, easy-to-use products
support industry standard design languages (VHDL and Verilog) and run on popular
platforms. Synplicity employs over 280 people in its 20 facilities worldwide.
Synplicity is headquartered in Sunnyvale, California. For more information
visit http://www.synplicity.com.
Forward-Looking Statement
This press release contains forward-looking statements regarding the continued
growth of the FPGA synthesis market, our market share and the positioning
of our products. These statements relate to future events and involve known
and unknown risks, uncertainties and other factors that may cause Synplicity's
actual financial results, levels of activity, performance or achievements
to differ materially from those expressed or implied by the forward-looking
statements. In some cases, you will be able to identify forward-looking statements
by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or
the negative of these terms or other comparable terminology. Forward-looking
statements are only predictions and the actual events or results may differ
materially. Synplicity cannot provide any assurance that its future results
will meet expectations. Synplicity's future results could differ materially
due to a number of factors, including Synplicity's continued progress in
establishing strategic relationships with third parties to support its FPGA
products, continued acceptance of and demand for Synplicity's existing FPGA
products and the changing technical requirements in the FPGA market. For
additional information and considerations regarding the risks faced by Synplicity,
see its annual report on Form 10-K for the year ended December 31, 2003 as
filed with the Securities and Exchange Commission, as well as other periodic
reports filed with the SEC from time to time including its quarterly reports
on Form 10-Q. Although Synplicity believes that the expectations reflected
in the forward-looking statements are reasonable, Synplicity cannot guarantee
future results, levels of activity, performance or achievements. In addition,
neither Synplicity nor any other person assumes responsibility for the accuracy
and completeness of these forward-looking statements. Synplicity disclaims
any obligation to update information contained in any forward-looking statement.
* " Market Trends: Electronic Design Automation, Worldwide, 2004." Published December 1, 2004. Authors Gary Smith, Daya Nadamuni, Laurie Balch and Nancy Wu. 2004 Gartner Inc. and/or its Affiliates. All Rights Reserved
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Synplicity, Synplify, Synplify Pro, Amplify and Behavior Extracting Synthesis Technology are registered trademarks of Synplicity, Inc. BEST is a trademark of Synplicity, Inc. All other brands or products are the trademarks or registered trademarks of their owners.
