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

SANTA CLARA, CA--(Marketwired - Jan 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.

To learn more about OneSpin Solutions, visit: www.onespin-solutions.com.

About OneSpin Solutions
Electronic design automation (EDA) supplier OneSpin Solutions was founded in 2005 as a spin-off from Infineon Technologies AG. Its award-winning formal verification software is based on more than 300 engineering years of development and application service experience. OneSpin's comprehensive product line enables design teams to avoid costly design respins, while dramatically cutting their verification effort, costs and engineering schedules. Leading telecommunications, automotive, consumer electronics and embedded systems companies rely on OneSpin to achieve the highest possible verification quality while reducing their time-to-market pressures. Its United States headquarters is located in Santa Clara, Calif. Corporate headquarters is in Munich, Germany. Email: info@onespin-solutions.com. Website: www.onespin-solutions.com.

OneSpin, OneSpin Solutions, OneSpin 360, the OneSpin logo and GapFreeVerification are trademarks of OneSpin Solutions GmbH. All other trademarks are the property of their respective owners.