CIMdata PLM Industry Summary Online Archive
28 January 2009
Financial News
Apache Design Solutions Closes 2008 with Twenty-Fourth Consecutive Quarter of Record Sales
Apache Design Solutions announced that the company has achieved its 24th consecutive quarter of record bookings and revenue, while maintaining profitability. Major contributions to Q4 sales came from multi-year contract renewals by tier-1 customers in North America and Europe. The total number of flagship RedHawk licenses grew by 70% over 2007 and expanded the customer base to more than 80.
In 2008, the Company introduced RedHawk-NX, a next generation IC power integrity solution with industry’s first MPR (Mesh Pattern Recognition) technology delivering significant capacity and performance improvements. Additionally, the Company introduced Sentinel-PI offering 3D full-wave FEM (Finite Element Method) modeling and analysis solution with unsurpassed capacity and performance for next generation complex package and board designs. Apache’s CPM (Chip Power Model), the winner of 2008 EDN’s Innovation of the Year Award, also gained wide adoption for bridging the gap between IC and system designs.
“Apache continues to execute our vision of delivering first-in-class and best-in-class products that enable customers to reduce system cost and mitigate design risks,” said Andrew Yang, CEO of Apache. “Our strengthened partnerships with major semiconductor companies will enable us to drive future technology and grow our business.”
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