Management strengthened as SpiraTech adds funding - Embedded.com

Management strengthened as SpiraTech adds funding

Manchester, UK — A UK EDA company that develops products to improve the productivity and performance of existing and emerging electronic system level (ESL) design and verification platforms has raised additional funding and made strategic additions to its management team.

SpiraTech was set up in 2000 and its products support most industry standard design and verification languages, including SystemC, Verilog and VHDL. The company says it will use the extra funding to expand its customer base and to develop its worldwide operations.

David Stewart, CEO of CriticalBlue, and a former Cadence Design Systems executive has joined the SpiraTech board as non-executive Chairman while Chris Rose, co-founder of UK based EDA software distributor, Saros, joins as a non-executive director.

Simon Calder, previously with LSI Logic and MMC Networks, has joined SpiraTech as the company's vice-president of sales and marketing. After a lengthy spell in Silicon Valley, Calder returned to the UK in 2000 to start up MMC Networks in Europe. MMC Networks merged with AMCC later that year in the second largest semiconductor merger in history. Calder said, “An opportunity to join a start-up with working capital, a shippable industry leading product and a market set to explode, is not one to turn down.”

Steve Hodgson, co-founder and managing director of SpiraTech, said, “Our industry now seems to be coming to the unanimous opinion that the migration from RTL to ESL has finally begun. In the past six months we have seen a dramatic increase in interest for our particular solution from SoC developers and other EDA companies alike. It is our aim to use this new capital to grow our team and to address the market needs for our products”.

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