Peter J. Richards Brings EDA & Embedded Software Experience to CoWare

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 22, 2002--CoWare(TM) Inc. announced today that Peter J. Richards has joined the company as vice president of worldwide field operations. He reports to Alan Naumann, CoWare's president and chief executive officer (CEO) and has responsibility for all sales, pre- and post-sales support and services activities worldwide.

Richards comes from Simplex, now part of Cadence Design Systems, Inc. (NYSE: CDN - News), where he served as vice president of worldwide operations. Previously, he was vice president of Americas sales and operations at Wind River Systems Inc., a leading provider of embedded software and services for connected smart devices in the Internet age. Under his leadership, Wind River's revenue grew from $93 million in 1998 to more than $300 million in 2001.

Prior to Wind River Systems, Richards spent 16 years at Tandem Computers Inc., where he served in increasingly responsible roles. In his last position at Tandem, he was vice president of sales for its worldwide telecommunications business unit, responsible for $600 million in sales revenues.

"Pete is a great addition to the CoWare management team," said Alan Naumann, president and CEO of CoWare. "He has proven to be an exceptional leader and motivator, with strong sales skills. We believe Pete will help us move CoWare into the next phase of explosive growth and industry dominance."

Adds Richards, "CoWare is the company to watch in EDA. It has a clear and winning sales strategy, innovative products and an executive team made up of seasoned EDA veterans. I'm looking forward to making an impact at CoWare."

About CoWare

As the leading supplier of system-level electronic design automation (EDA) software and services for System-on-Chip (SOC) designers, CoWare, Inc. provides a platform-based design methodology that can cut design time in half. As a founder and leader of SystemC, CoWare is driving the industry toward a unifying system design language. CoWare software is employed today by major systems, intellectual property (IP) and semiconductor companies, including Alcatel, ARM, Canon, Fujitsu, InterDigital, Matsushita, Motorola, Nokia, Samsung, Sanyo, Sony, STMicroelectronics, Tensilica and Toshiba. CoWare was recognized as the fifth fastest-growing private company in Silicon Valley in 2000 (1). For more information, visit www.CoWare.com.

CoWare is a trademark of CoWare, Inc.

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