Innoveda and DownStream Technologies Form Strategic Agreement for CAM Product Line
Move Ensures Continuity for CAM350, FabFactory Customers
MARLBORO, Mass., January 17, 2002 - Innoveda, Inc. (Nasdaq:INOV), a
leading provider of electronic product design software and services today
announced a strategic agreement with manufacturing software solutions provider
DownStream Technologies for ongoing development, marketing and distribution of
its computer-aided-manufacturing (CAM) product line. The move is part of Innoveda’s previously announced strategic
decision to shift its technology focus to specific, mission-critical areas of
the design flow, including high-speed printed circuit board design.
Under terms of the agreement, DownStream Technologies has acquired rights to the source code for
the CAM350 and FabFactory software products from Innoveda and, as of Feb.1,
will assume the future development of these two products for the
marketplace. Innoveda retains the source code for the CAM350 and FabFactory products, and will continue to
integrate relevant functions of CAM350 and FabFactory into its PowerPCB and
BlazeRouter products, for upfront product planning.
DownStream Technologies plans to focus primarily on
PCB verification, optimization, and preparation for manufacturing, and will
become an Innoveda Vendor Integration Alliance partner to ensure that its CAM
product lines continue to work smoothly with Innoveda’s PCB offerings. The company was founded by Richard A.
(Rick) Almeida, formerly vice president of marketing for Innoveda’s Product
Realization Group, and Joseph G. (Joe) Clark, formerly vice president of
Indirect Channels at Innoveda.
Growth Path Assured
“This agreement is clearly a win/win situation,” said Rick Lucier, chief operating officer at Innoveda.
“It enables Innoveda to focus on building leading high-speed PCB solutions, while ensuring that our CAM customers are
well supported and serviced. They have the satisfaction of knowing their
investments in the CAM350 and FabFactory products are well protected and have a
bright future. DownStream Technologies’
knowledgeable management team is intimately familiar with the CAM350 and
FabFactory products and applications, and can ensure that these products remain
on the cutting edge.”
Rick Almeida, president of DownStream Technologies said, “With our dedicated focus on software
applications that streamline the transition of electronic products from
engineering into manufacturing, DownStream can maintain the consistently high
level of product development, marketing, and customer service CAM350 and
FabFactory customers have experienced at Innoveda. DownStream is planning a major release soon to demonstrate our
commitment to the development of these
products. We’re excited about the
future, and look forward to a long and successful relationship with our
customers as we support their specific downstream needs.”
Design Quality for Manufacturing
CAM350 technology was
created to bring manufacturing requirements directly into the design
process. It provides fabrication
analysis and optimization for PCB design, and advanced tooling and process
control for PCB fabrication. By
identifying and fixing manufacturing issues in a design prior to manufacture,
it reduces design respins, resulting in substantial time- and cost-savings.
FabFactory software was created to help
streamline and automate the board fabrication process, to improve performance
yields and accuracy. It enables fabricators to significantly reduce CAM process time, while improving board
manufacturability.
About DownStream Technologies
DownStream is focused on the needs of the mainstream PCB
fabrication market and offers customers significant price/performance value
over alternative solutions. Customers can find out more about DownStream by
logging onto http://www.downstreamtech.com/
or contacting info@downstreamtech.com
About Innoveda
Innoveda, Inc. (Nasdaq “INOV”) is a worldwide leader
in electronic design automation (EDA) technology, software and services for
successful businesses in the consumer electronics, computer,
telecommunications, automotive and
aerospace industries. The company’s
innovative solutions are intended to empower people for mission-critical areas
of the design process. Headquartered in
Marlboro, Mass., Innoveda has sales offices and research centers
worldwide. Additional
information can be found at: http://www.innoveda.com
