Verisity and Platform Computing Deliver First Grid-Enabled Verification Process Automation --VPA-- Solution

Verisity vManager and Platform LSF Electronics Edition Integration Enables Automated and Simpler Verification, From Executable Plans to Verification Closure

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 30, 2004 -- Verisity Ltd. (Nasdaq:VRST), the leading supplier of Verification Process Automation (VPA) solutions, has partnered with Platform Computing, the largest distributed and grid computing software vendor, to deliver a powerful integration between vManager and Platform LSF Electronics Edition. As part of this joint agreement, best-in-class technologies are joined to automate and simplify verification, from executable plans to verification closure, to achieve higher predictability and enhanced quality in chip design at a lower system cost. The combination provides increased productivity and more predictable verification project management as well as sophisticated project and enterprise optimization of grid resources.

Meeting tight market windows for extremely high quality designs depends on successfully processing hundreds of thousands of verifications tasks. Grid-enabling allows an organization to produce higher quality results, in less time, on schedule, and without extra cost. Therefore, Platform and Verisity's combined grid-enabled Verification Process Automation solution saves time associated with verification by optimizing resources across multiple projects and within individual projects across an entire enterprise.

"Platform LSF Electronics Edition is the first end-to-end grid solution created specifically for the semiconductor industry. By seamlessly integrating our new product with Verisity's vManager project-level verification management system, we're delivering the Electronics industry's first grid-enabled Verification Process Automation (VPA) solution," says Peter Nichol, General Manager and Vice President, Electronics, Platform Computing.

"The Platform LSF Electronics Edition and vManager integrated product provides our customers with the ability to manage the process from spec to closure with measurable progress. This enables customers to achieve far greater predictability and quality of results with optimal resource utilization," said Steve Glaser, Sr. Vice President, Worldwide Marketing and Business Development, Verisity.

About Verisity

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.

About Platform Computing

With over 12 years of expertise and 1,600 customers worldwide, Platform Computing is the largest distributed and grid computing software vendor. Platform's production-proven grid solutions, including Platform LSF(R) and Platform LSF Electronics Edition, are used by leading electronics companies to shorten product design and testing cycles, improve time-to-market, significantly reduce costs and deliver higher quality products. To simplify grid deployment, Platform has grid-enabled over 100 industry applications such as Altera, Cadence, Denali, IBM, Magma, Mentor, Nassda, Synopsys and Verisity. For more please visit www.platform.com.

<> Verisity, the Verisity logo and vManager are either registered trademarks or trademarks of Verisity Design, Inc. in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.

SOURCE: Verisity Design, Inc. >

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Verisity's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.