CIMdata PLM Industry Summary Online Archive

21 October 2009

Financial News

Apache Design Solutions Achieves Record Q3 Bookings and Revenue

Apache Design Solutions announced that the company has achieved record bookings and revenue in Q3, while maintaining profitability. Q3 sales consisted of continued investments by existing tier one customers in Apache’s power and noise platforms – RedHawk, Totem, and Sentinel - and the adoption of Sentinel product line by leading packaging manufacturer. During Q3, Apache completed its acquisition of Sequence Design to expand the company’s product offering to the RTL domain. Also Apache announced today that it was selected as one of the fastest growing technology, media, telecommunications, life science and clean technology companies in North America by Deloitte’s 2009 Technology Fast 500™.

 “Over the past several years, Apache has continued to expand the product portfolio through organic innovations and strategic acquisitions,” said Andrew Yang, CEO of Apache. “Our complete chip-package-system solutions from prototyping to sign-off enable our customers to design lower power and more cost effective products.”

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