CIMdata PLM Industry Summary Online Archive
15 October 2008
Financial News
Apache Design Solutions Achieves Record Sales for the Twenty-Third Consecutive Quarter
Apache Design Solutions announced that the company has achieved its 23rd consecutive quarter of record bookings and revenue, while maintaining profitability. The Q3 growth came from increasing investments by existing customers that represent the top tier semiconductor companies and adoption by new customers facing power and noise challenges as they move towards 45/32nm technologies.
In today’s market, cost reduction and risk mitigation are essential for companies to remain competitive. IC and system customers are looking for solutions that enable them to make reliable cost saving decisions throughout the product development flow. Apache has an established expertise and technology leadership for a strong partnership with tier 1 companies to address the leading challenges for SoC, analog, package, and system designs.
“Over the past several years, Apache has continued to innovate and expand our product portfolio while practicing sound business fundamentals. Apache’s 10+ product offerings focusing on chip-package-system convergence are adopted by customers across the globe in a variety of industry segments,” said Andrew Yang, CEO of Apache. “Our consecutive quarters of growth reflect the value that our products offer to customers’ business.”
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