NewswireToday - /newswire/ - Bangalore, Karnatka, India, 12/21/2007 - AXIOM Design Automation India, a leading semiconductor design solutions company, is betting on Mangalore to fuel its growth and announced today at a press conference the setting up of a state of the art research & development facility in Manipal.

The company is all set to more than double their headcount in the region by next year to reach over 70 engineers by end of 2008. The facility will house a team of engineers contributing significantly to AXIOM’s high-end ASIC design & verification solutions line. With this, AXIOM has become the first semiconductor design solution company to set up facility in the region.

Also to develop domain expertise in the area, AXIOM is partnering Manipal University (MCIS) to empower education in the domain of ASIC Design & Verification by donating tools worth over US$ 0.5 Million and organizing several workshops for the faculty members. Going forward, the company will partner more universities for this initiative.

Elaborating on the rationale behind AXIOM moving to a tier-II city as a pivotal part of their expansion, Ravi Shankar, Managing Director, AXIOM Design Automation, India, said, “With Mangalore as our extended arm, we are all set to record over 100% growth in our overall revenues by next year. Being the pioneers in sophisticated technology, people are always at the forefront of our innovation and development. Mangalore thus becomes our obvious choice with its growing talent base and expanding number of engineering colleges. At the same time lower infrastructure costs and affordable cost of living is a good reason for companies like us to setup facilities in Mangalore.”

AXIOM Design Automation is the pioneer behind developing advanced functional verification products. Originally founded as @HDL in 1999, AXIOM's mission has always been to improve the productivity of design verification teams. AXIOM introduced industry's first multi-CPU support for simulation, thus providing the highest simulation performance to handle even some of today's largest ASIC and SoC designs. A complete ASIC/SoC front-end solutions company - AXIOM - brings in methodology, tools and high end services to companies working on complex chip designs. AXIOM has a global sales and support team with R&D centers in USA and India. Recently the company acquired SysChip Design Technologies in India.

Agency / Source: PRHUB

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