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OneSpin Solutions Doubles Revenue, Triples Year-to-Year Bookings in 2013

Increases Adoption of Formal Assertion-Based Verification Software for ASIC, FPGA Designs

SANTA CLARA, CALIF. –– January 16, 2014 –– OneSpin Solutions™, provider of innovative formal assertion-based verification (ABV) and formal equivalence checking solutions, finished 2013 with 100% revenue growth, doubling revenue and tripling year-to-year bookings for a 200% growth over 2012.

Adoption of OneSpin’s formal verification software increased for both application specific integrated circuit (ASIC) and field programmable gate array (FPGA) designs in 2013. This lead to growth in business from existing customers as well as an increased number of new customers through the efforts of an enlarged global distribution and support team.

“While 2012 was a year of transformation for OneSpin, 2013 was our breakout year,” affirms Dr. Raik Brinkmann, OneSpin Solutions’ president and chief executive officer (CEO). “Revenue and bookings increased considerably as we made full use of our marketing and sales channels to get our message to worldwide design and verification groups. And, 2014 promises further product innovation and significant growth.”

Other initiatives launched in 2013 include Spinnaker™, its service partners program with six inaugural members, and a new business model based on Cloud Computing designed to give project teams flexibility previously unavailable for electronic design automation (EDA) tools. Additional product innovations included performance improvements, extended ease-of-use capabilities and a range of new features.

Finally, OneSpin completed a corporate identify program with a new look, updated website and an expanded presence at the Design Automation Conference and 11 other conferences worldwide. EDA Consortium members took notice, naming OneSpin as one the three hottest EDA startups in the 2013 CEO Forecast Survey.

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