TNI-Valiosys and TransEDA Join Forces to Better Serve the Verification and Validation Markets

Paris, France and Eastleigh, United Kingdom, October 6, 2003 – TNI-Valiosys, a formal verification and validation solutions provider, today announced the acquisition of TransEDA, a leader in coverage and ready-to-use verification solutions for electronic designs. Both companies will merge their operations to provide solutions for the growing validation challenge. Under the agreement TNI-Valiosys acquired all the shares of TransEDA Technology Ltd. from TransEDA PLC (London Stock Exchange: TRA).

TNI-Valiosys and TransEDA have decided to join forces to provide joint customers with a ready-to-use, structured verification environment. Both companies continue to operate, providing uninterrupted development and support of their complete product lines to their existing customer base. The existing product lines will be further developed to enable users to master verification and validation complexity in order to get designs into production sooner, leading to new design wins and superior Return On Investment.

With the merger, TransEDA’s customers will be able to benefit from TNI-Valiosys’ leading innovative validation solutions, know-how and expertise in the field of assertion-based and formal validation as well as from the skills brought by TNI-Valiosys’ management team. TNI-Valiosys’ customers will benefit from the extensive support network which will allow the combined company to deliver value to hundreds of loyal clients with thousands of combined software seats worldwide.

Following the merger, TNI-Valiosys’ and TransEDA’s personnel will be integrated into one single team and continue to operate from both companies’ existing R&D sites. Starting in Q1 2004 all TransEDA and TNI-Valiosys EDA products will be sold under the TransEDA name and supported by the extensive TransEDA and TNI-Valiosys global network.

TNI-Valiosys’ President and CEO, Marc Frouin, becomes President and CEO of the new TransEDA. Both companies' management teams will be combined under the direction of Modesto Casas for Sales and Marketing and Richard Hersemeule for Product Development. TransEDA’s CTO John Coley will continue to lead the strategic development for the new company.

“This merger will enable us to serve the corporate user on a worldwide basis”, says Marc Frouin, President and CEO of TNI-Valiosys. “The new company is committed to continuous product development and TNI-Valiosys’ and TransEDA’s complementary skills in electronic design verification will ensure the provision of quality products and first-class support to our customers in the EDA market.”

TransEDA’s and TNI-Valiosys’ customers include: Alcatel, ATI, BNR, Broadcom, Ericsson, Fujitsu, Hewlett-Packard, Hitachi, IBM, Infineon, LSI Logic, Lucent, Matsushita, Motorola, National Semiconductor, Nokia, Nortel, Philips, PMC-Sierra, Ricoh, Siemens, STMicroelectronics, Sony, Tandem, Tality, Texas Instruments, and Toshiba.

About TNI-Valiosys

TNI-Valiosys is a technology leader in verification tools for the EDA and embedded software markets. The company enables the easy use of formal verification technologies to help build better quality IPs in a shorter amount of time. TNI-Valiosys’ experience with designs involving complex SOC bus, memory or peripherals controllers have allowed the company to create tools that complement simulation for both RTL and full-custom abstraction levels.

The products offered by TNI-Valiosys include imPROVE-HDL, an assertion-based verification solution that complement simulation in performing exhaustive debugging of VHDL/Verilog RTL or netlist models without the need for test-bench creation; imPROVE-HPK, an easy-to-deploy verification tool dedicated to the automatic verification of hardware designs based on standard protocol interfaces; and imPROVE-TLL, an abstraction tool which combines with equivalency checking, emulation or simulation to enable the rapid and thorough functional verification of full-custom designs.

TNI-Valiosys’ EDA team employs 40 people. The company has sales offices in North America and Europe, and local representatives in China, Japan and Taiwan. For EDA product related information, visit http://www.improveware.com/.

About TransEDA

TransEDA has over ten years of operating experience in the EDA space and is the market leader in validation coverage software for SoC, ASIC and FPGA markets.

The company's products provide a ready-to-use, structured verification environment that works with existing flows and methodologies to enable users to quickly increase their verification productivity and get designs into production sooner.   TransEDA Verification Navigator is an integrated design verification environment with tools that perform application-specific test automation, coverage analysis, dynamic property checking, test suite analysis and configurable HDL checking.   TransEDA Foundation Models system level verification IP library provides robust, production-proven models, monitors and properties for popular I/O interfaces and leading processors.

TransEDA employs 35 people worldwide.   The company has offices in North America, Europe and Japan. For more information on TransEDA, visit www.transeda.com.