MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 1, 2004 -- Verisity, Ltd. (Nasdaq:VRST), the leading supplier of Verification Process Automation (VPA) solutions, today announced that Douglas Norby and Uzi Sasson have been elected to Verisity's Board of Directors.
Mr. Norby has been Chief Financial Officer and Senior Vice President of Tessera, Inc. since July 2003. Prior to that, Mr. Norby served in that role for Zambeel, Inc., for Novalux, Inc, and for LSI Logic Corporation, after holding other executive management positions with Mentor Graphics Corporation, and Lucasfilm Ltd. Mr. Norby holds a Bachelor of Arts degree in Economics from Harvard University and a Master of Business Administration from Harvard Business School.
Mr. Sasson is the CEO and founder of Sagent Management, a tax and accounting consulting firm, since January 2004. Before forming Sagent, Mr. Sasson served as Global Vice President of Tax for Mercury Interactive Corporation starting in 2001. Prior to that, Mr. Sasson was a Senior Manager at PricewaterhouseCoopers for the Technology, InfoComm, Entertainment, and Media Group since 1999, and as Senior Manager for the Tax Consulting Group since 1995. Mr. Sasson holds a Master of Science degree in Taxation from Golden Gate University and a Bachelor of Science degree in Accounting from Golden Gate University. Mr. Sasson is a Certified Public Accountant (CPA) in California.
"We are delighted to welcome Douglas Norby and Uzi Sasson to Verisity's board," said Moshe Gavrielov, chief executive officer of Verisity. "Both gentlemen bring to Verisity business experience and financial expertise in the technology sector. Douglas' experience in both the semiconductor and EDA sectors, and Uzi's tax and accounting expertise in a range of technology sectors, will provide a valuable contribution to our board."
Mr. Amos Wilnai, who has been on Verisity's board since March 2001 and as our external director since June 2001, has completed his term as external director. "We want to thank Amos for his leadership and contributions he has made over the course of the last three years and we wish him the best," said Mr. Gavrielov.
Verisity Ltd. (Nasdaq:VRST) is the leading supplier of process automation solutions for the functional verification market. The Company addresses customers' critical business issues with its market-leading software and intellectual property (IP) that effectively and efficiently verify the design of electronic systems and complex integrated circuits for the communications, computing and consumer electronics global markets. Verisity's VPA solutions enable projects to move from executable verification plans to unit, chip/system and project level 'total coverage' and verification closure, while maximizing productivity, product quality and predictability of schedules. The Company's strong market presence is driven by its proven technology, methodology and solid strategic partnerships and programs. Verisity's customer list includes leading companies in all strategic technology sectors. Verisity is a global organization with offices throughout Asia, Europe, and North America. Verisity's principal executive offices are located in Mountain View, California, with its principal research and development offices located in Rosh Ha'ain, Israel. For more information, visit www.verisity.com.
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