AVERANT Names Larry Lapides as Vice President Worldwide Sales
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AVERANT Names Larry Lapides as Vice President Worldwide Sales

ALAMEDA, Calif.—(BUSINESS WIRE)—April 25, 2006— Averant, Inc., a leading provider of advanced verification technology for RTL designs, today announced the appointment of Larry Lapides to the position of vice president of Worldwide Sales. Mr. Lapides' extensive experience in EDA will help expand Averant's position in the market and take business to the next level.

"Bringing someone of Larry's caliber on board is a real win for us," said Dr. Ramin Hojati, president of Averant. "With his rich experience in EDA and proven track record, Larry is an invaluable addition to the team. I couldn't be more pleased."

"I'm thrilled to be joining Averant at this time in the company's growth," noted Lapides. "The fact that customers are rapidly adopting the tools and standardizing on Solidify for their formal verification needs demonstrates that Averant's products have proven to be the most powerful verification technology available. I'm looking forward to bringing Averant's formal verification tools to the mainstream market."

Lapides previously served in the same role at Calypto Design Systems, and prior to that at Verisity and SureFire Verification. Beginning his sales career with Exemplar Logic in 1991, his experience ranges from product introductions, to building international sales teams, to rapidly ramping growth in strategic customers. With Lapides leading the sales team, Verisity was the top performing IPO in 2001. Prior to joining the EDA industry, he spent 9 years developing specialized semiconductor devices for the defense industry. He holds an MBA from Clark University, an MS in applied and engineering physics from Cornell University, and a BA in physics from the University of California, Berkeley.

About Averant

Averant Inc., founded in 1997, is a privately held EDA firm pioneering new methodology and technologies for static formal verification. Averant provides Solidify(TM) a robust formal verification engine that provides the basis for property-based design verification, protocol verification, timing constraint verification, and automatic design checks -- all without the need for simulators or test vectors. These tools are easily adopted into the design flow, and help improve quality, reduce risk, and speed the design process. For more information, see our Web site at www.averant.com.

Averant, Inc.
Ron Green, 510-864-1657 ext. 382

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