Press Release

CADENCE DESIGN SYSTEMS ACHIEVES COMPETITIVE PRODUCT DEVELOPMENT ADVANTAGE WITH ACCEPT 360°

Leader in Electronic Design Automation Unifies Product Development Processes to Improve Product Planning Visibility and Better Align Requirements to Strategic Initiatives

 

FREMONT, Ca. — July 10, 2007 - Accept Software Corporation™, the leading provider of enterprise-class product planning and innovation management applications, today announced that Cadence Design Systems, Inc. (NASDAQ: CDNS), the leading electronic-design automation (EDA) technologies and engineering services company, has successfully used Accept 360° to standardize and improve their product design and development process across their product portfolio. Using Accept 360°, the company has been able to blend disparate product development processes, partly the result of recent acquisitions, and create one unified process and a single centralized repository of product requirements and lifecycle information. Accept 360° is at the heart of a process that has enabled Cadence to better address customer needs and to stay ahead in the highly competitive EDA marketplace.

"At Cadence, we manage a very complex portfolio of software products in the support of a very demanding and ever-changing market,” said Peter Connor, Operations Group Director at Cadence. “Managing requirements across a diverse set of applications developed both in house and acquired, each with a slightly different development model has been challenging. With Accept 360° we now have a single view into all aspects of product creation, and are driving requirements across the product line in support of our strategy."

Key benefits Cadence has achieved include:

• Implementation of a standard product planning process, thereby unifying disparate development models introduced through continuous acquisitions
• Improved visibility for product managers and executives with which to prioritize and manage complex requirements and interdependencies across a diverse set of products
• Better alignment of product requirements and underlying granular features with strategic product initiatives and customer needs
• Greater product team efficiency as a result of capturing all product requirements, initiatives, competitive data and market intelligence in one centralized repository that can be accessed easily by all participants across product lines and throughout the product development cycle
  

“Cadence Design Systems is a great example of the growing number of companies leveraging Accept 360° to streamline and standardize product planning to drive competitive advantage,” said Bryan Plug, president and CEO, Accept Software. “These companies are realizing that staying ahead of the pack and delivering more innovative, market-aligned products goes beyond simply managing requirements. It takes a holistic view that combines the voice-of-the-market, the richest source of ideas and requirements for new products and enhancements, combined with analytical product planning capabilities that help translate strategies into actionable plans.”

About Accept Software

Accept Software provides a comprehensive web-based solution for enterprise product planning and innovation management. Leading product and service organizations throughout the world use the award-winning Accept 360° application suite to deliver better products to market faster. Accept Software is headquartered in Fremont, California and serves a growing customer base that includes BEA Systems, Cadence Design Systems, Galileo, Mercury Interactive, and VozTelecom. For more information, visit www.acceptsoftware.com.

Accept 360° and the Accept logo are trademarks of Accept Software Corporation.  All other trademarks, registered trademarks, and service marks are the property of their respective owners.

Press Contact:
Heidi Groshelle
415-563-1893
heidi@groshelle.com 

 

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