Virage Logic was founded in 1996 at a time when semiconductor companies were not accustomed to turning to a third party for key components of their system-on-chip (SoC) designs. Virage Logic quickly established itself as a leading supplier of physical IP by treating its customers as partners and providing technically superior products and services. By placing customer needs at the forefront of Virage Logic's business model and product portfolio, Virage Logic has created a customer-centric company that helps customers focus on their key differentiation, gain efficiencies and reduce their time-to-market. The active engagement of customers in the various stages of product planning and development has cultivated loyal, successful and satisfied customers from small fabless firms to large integrated device manufacturers (IDMs) and foundries.
Frost & Sullivan's Semiconductor IP Customer Service Leadership of the Year Award recipient is determined not by nominations, but rather by analysts' observations of companies repeatedly praised by customers as providing exceptional customer support. Analysts then conduct research on the companies most touted as exceptional customer service providers, considering key market participants, secondary and technology sources and customer interviews.
Frost & Sullivan was particularly impressed with Virage Logic's implementation of innovative mechanisms for soliciting regular customer feedback. Virage Logic has assembled a technical advisory board comprising customers from various segments, including communications, networking, consumer electronics and semiconductor manufacturing, to meet biannually to discuss product roadmap direction and changing industry requirements. Additionally, Virage Logic holds periodic face-to-face meetings with customers and provides individual technical support both pre- and post-sales. Virage Logic actively supports its customers in keeping abreast of technological advancements through customer education initiatives that help customers expedite product development cycles and accelerate time-to-market.
Early on, Virage Logic recognized that quality, reliability and superior customer support were among the most critical factors in a customer's decision to adopt IP from a third-party supplier. In response, in 2000 Virage Logic established its FirstPass-Silicon(TM) Characterization Lab to help ensure high-quality, reliable IP across a wide range of foundries and process technologies.
"Virage Logic's exceptional customer focus and superior worldwide customer support is evident in their customer satisfaction and loyalty," said Deepa Doraiswamy, analyst of Frost and Sullivan. "Virage Logic's unwavering focus on customer profitability goals, ingenuity in soliciting and processing timely customer feedback and demonstrated flexibility in tailoring their product offerings to suit customer business set them apart from other companies in its industry."
"We owe our 10 years of success as a premier semiconductor IP provider to the loyal partnerships we've cultivated with our customers," said Adam Kablanian, Virage Logic's co-founder, president and CEO. "I'm proud to say our very first customer, PMC-Sierra, continues to be our customer today, and over the years we've established successful relationships with over 250 customers from various application segments. Our success is truly based on that of our customers, and we look forward to continued mutual success in the years to come."
About Virage Logic Corporation
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. Now, as the company celebrates its 10th anniversary, it 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.
SAFE HARBOR STATEMENT FOR VIRAGE LOGIC UNDER THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995:
Statements made in this news release, other than statements of historical fact, are forward-looking statements, including, for example, statements relating to trends, business outlook, products, and customer relationships. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, which might cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include Virage Logic's ability to forecast its business, including its revenue, income and order flow outlook; Virage Logic's ability to execute on its strategy to become a provider of semiconductor IP platforms; Virage Logic's ability to continue to develop new products and maintain and develop new relationships with third-party foundries and integrated device manufacturers; adoption of Virage Logic's technologies by semiconductor companies and increases or fluctuations in the demand for their products; the company's ability to overcome the challenges associated with establishing licensing relationships with semiconductor companies; the company's ability to obtain royalty revenues from customers in addition to license fees, to receive accurate information necessary for calculating royalty revenues and to collect royalty revenues from customers; business and economic conditions generally and in the semiconductor industry in particular; competition in the market for semiconductor IP platforms; and other risks including those described in the company's Annual Report on Form 10-K for the period ended September 30, 2004, and in Virage Logic's other periodic reports filed with the SEC, all of which are available from Virage Logic's website ( www.viragelogic.com) or from the SEC's website ( www.sec.gov), and in news releases and other communications. Virage Logic disclaims any intention or duty to update any forward-looking statements made in this news release.
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Contact:
Virage Logic Corporation Sabina Burns, 510-743-8115 Email Contact or McClenahan Bruer Communications Kerry McClenahan, 503-546-1002 Email Contact