HYDERABAD, India - April 24, 2006 - Cadence Design Systems (I) Pvt. Ltd, the Indian arm of Cadence Design Systems, Inc. (NASDAQ: CDNS), partnering with Time to Market, Inc (TTM), a provider of IC design services and training, and University of California, Santa Cruz, Extension (UCSC Extension), USA, today launched the Cadence-TTM-UCSC Extension Finishing School Program (FSP). A first-of-its-kind initiative in India, the FSP is an advanced learning program in VLSI and electronic design for new graduates and industry professionals. It is intended to create a design-aware talent pool, thus addressing the growing need for skilled professionals in electronic design in India. This joint initiative aims to accelerate the time to ramp for new graduates, as well as teach design engineers the latest in design technology.
The Finishing School Program is unique in its modular structure, with a focus on design and domain knowledge, and encompassing project management and soft skills.
"As an enabler of global electronic-design innovation, Cadence has always been committed to nurturing and developing India's talent pool. Building on the success of the Cadence University program, we are now taking our initiatives to the next level with the launch of the Finishing School Program. We are confident that the FSP will add value to the semiconductor industry as a whole by producing more design-aware engineers empowered with relevant skills," said Himanshu Singh, executive director of India and SAARC, Cadence Design Systems (I) Pvt Ltd. "The Finishing School Program is a pioneering effort between industry and academia, designed to address the gap in the supply of skilled design engineers."
"UCSC Extension's world-class curriculum and innovative course design will equip the students to handle real-life design challenges, thus ensuring faster ramp to productivity," said Cathy Sandeen, vice provost and dean, University of California, Santa Cruz, Extension in Silicon Valley.
Time to Market, Inc., the training partner, will initially launch the program in Hyderabad and Bangalore, and plans to extend it to other cities in the future. "This partnership helps us leverage our rich industry-oriented design expertise with an international and well-established curriculum and world-class EDA technologies," said Mr. Venkata Simhadri, president and CEO, Time to Market, Inc.
About Cadence
Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics systems. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, printed-circuit boards and systems used in consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2005 revenues of approximately $1.3 billion, and has approximately 5,000 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.
About University of California, Santa Cruz, Extension
A division of the University of California, Santa Cruz, UCSC Extension is chartered to provide professional development, continuing education, and personal enrichment courses to the Silicon Valley region and beyond. Providing more than 25,000 individual class enrollments per year and serving more than 12,000 working professionals in the engineering, management, biotech, and education fields, UCSC Extension supports the human-capital development needs of its Silicon Valley and global clients. UCSC Extension creates an important link between the University of California and local industry. Working closely with industry partners to assess current needs, UCSC Extension delivers relevant, dynamic, just-in-time learning supported by the quality and reputation of a world-renowned university. More information about UCSC Extension is available on the Web at www.ucsc-extension.edu.
About Time to Market, India
Time to Market Inc. is a leading ASIC design services company in Silicon Valley and has been in business since June 1998. TTM started its India operations in 1999 to offer design services and training to the Indian market. TTM India is the first company to offer an industry-oriented training program in IC Layout Engineering using EDA technology. Over the years, TTM has become a leading ASIC design services provider in Silicon Valley, leveraging its offshore design center in Hyderabad. More information about TTM and their services is available at www.time2mkt.com.
For more information please contact:
Madhavi Rao
Cadence Design Systems (I) Pvt Ltd
080-4184 1111
rmadhavi@cadence.com
Anuroopa Pereira
Text 100
080-2554 8808
anuroopap@text100.co.in
Source: Text 100
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