FREMONT, Calif. -- Jan 11, 2008 -- Virage Logic Corporation (NASDAQ: VIRL), the semiconductor industry's trusted IP partner and pioneer in Silicon Aware IP(TM), today announced that Adam Kablanian will retire from the Board of Directors concurrently with Virage Logic's annual meeting of stockholders, scheduled for March 7, 2008. Mr. Kablanian is currently the chairman of the Board of Directors. He was a co-founder of the Company and served as its chief executive officer from the founding of the Company until 2007.
Dan McCranie, president and chief executive officer of Virage Logic, said, "The entire Board of Directors and management team at Virage Logic thanks Adam for his many contributions to the Company, dating from 1996 when he co-founded the Company with Alex Shubat. We all wish him great success in his new endeavors."
The record date for the Company's 2008 Annual Meeting of Stockholders is January 14, 2008.
In connection with Mr. Kablanian's retirement from the Company's Board of Directors, Dan McCranie will assume the title of chairman of the Board of Directors.
About Virage Logic
Founded in 1996, Virage Logic Corporation (NASDAQ: VIRL) 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, as the semiconductor industry's trusted IP partner, the company's Silicon Aware IP offering (embedded memories, logic libraries and I/Os) includes silicon behavior knowledge for increased predictability and manufacturability. Through its recent acquisition of Ingot Systems, the company has expanded its product offering to include Application Specific IP (ASIP) solutions such as Double Data Rate (DDR) Memory Controllers and design services. 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, computer and graphics, automotive, and defense markets. The company uses its FirstPass-Silicon Characterization Lab(TM) for certain products to help ensure high quality, reliable IP across a wide range of foundries and process technologies. The company also prides itself on providing superior customer support and was named the 2006 Customer Service Leader of the Year in the Semiconductor IP Market by Frost & Sullivan. Headquartered in Fremont, California, Virage Logic has R&D, sales and support offices worldwide. For more information, visit www.viragelogic.com.