Industry Veteran Jim Bailey Joins as Vice President of Worldwide Sales
FREMONT, Calif. -- Oct. 19, 2005 -- Virage Logic Corporation (Nasdaq: VIRL), a pioneer in Silicon Aware IP(TM) and leading provider of semiconductor intellectual property (IP) platforms, today announced the strengthening of its management team with the appointment of industry veteran Jim Bailey as vice president of worldwide sales. Bailey will be responsible for driving the company's global sales efforts encompassing direct, indirect and partner distribution channels, field applications engineering and customer support services.
"Jim has a proven track record of delivering results with a strong focus on customer satisfaction," said Adam Kablanian, president and chief executive officer (CEO) of Virage Logic. "I'm confident that Jim's extensive industry experience and broad management background will enable him to drive our global sales and customer services activities as we meet our customers' design-for- manufacturability and time-to-volume requirements with our Silicon Aware IP."
"I'm excited to join a company that is not only known as a proven technology leader, but that is just as importantly known for its commitment to customer satisfaction," said Jim Bailey, vice president of worldwide sales for Virage Logic. "As customers increasingly rely on Virage Logic's silicon-proven IP and superior customer support services to partner with their internal design teams, I look forward to ensuring they experience the highest level of satisfaction."
About Jim Bailey
Bailey brings more than 20 years of global sales and corporate management experience in the EDA industry, especially in the IC, PCB and embedded software sectors, to Virage Logic. Previously, Bailey served as president and CEO of Accenia, Inc., a provider of embedded systems virtualization frameworks, where he developed the company's market strategy and recruited key leadership talent. Prior to Accenia, Bailey served as a general manager in the Design for Manufacture (DFM) business unit at Cadence Design Systems from 2002 to 2004. Bailey joined Cadence in 2002 through the acquisition of Simplex Solutions. While at Simplex Solutions from 2000 to 2002, Bailey held various management positions including vice president and general manager, vice president worldwide sales and sales director for North America. During his tenure, revenues grew from $10M to over $100M.
Prior to joining Simplex Solutions, Bailey held various sales and consulting management positions with Mentor Graphics, Cadence Design Systems and XCAT Incorporated. He began his career as software engineer in 1982 at Control Data Corporation/ETA Systems where he was the two-time winner of the Technology Excellence Award.
Bailey graduated Magna Cum Laude from St. Cloud State University, St. Cloud, Minnesota, with a bachelor of science degree in computer science and a bachelor of arts degree in mathematics.
About Silicon Aware IP
Silicon Aware IP tightly integrates Physical IP (memory, logic and I/Os) with the embedded test, diagnostic, and repair capabilities of Infrastructure IP. The result is high-yielding, highly reliable semiconductor IP at 130-, 90- and now 65nm. Silicon Aware IP is essential at advanced process nodes, where yield problems can prohibit early adoption. By significantly increasing yields, sometimes as much as 250 percent, Silicon Aware IP helps remove the barriers to the successful early adoption of advanced process technologies.
About Virage Logic
Founded in 1996, Virage Logic Corporation rapidly established itself as a technology and market leader in providing advanced embedded memory intellectual property (IP) for the design of complex integrated circuits. Today the company is a global leader in semiconductor IP platforms comprising embedded memories, logic, and I/Os and is pioneering the development of a new class of IP called Silicon Aware IP. Silicon Aware IP tightly integrates Physical IP (memory, logic and I/Os) with the embedded test, diagnostic, and repair capabilities of Infrastructure IP to help ensure manufacturability and optimized yield at the advanced process nodes. Virage Logic's highly differentiated product portfolio provides higher performance, lower power, higher density and optimal yield to foundries, integrated device manufacturers (IDMs) and fabless customers who develop products for the consumer, communications and networking, hand-held and portable, and computer and graphics markets. The company uses its FirstPass-Silicon(TM) Characterization Lab for certain products to help ensure high quality, reliable IP across a wide range of foundries and process technologies. Headquartered in Fremont, California, Virage Logic has R&D, sales and support offices worldwide. For more information, visit www.viragelogic.com.