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Magma Names EDA Veteran Bruce Eastman to Head Worldwide Sales

SAN JOSE, Calif., Apr 30, 2008 (PrimeNewswire via COMTEX News Network) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced Bruce Eastman has joined the company as corporate vice president, Worldwide Sales. Eastman will report to Roy E. Jewell, Magma president and chief operating officer.

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"I'm very glad to have Bruce come on board to manage the sales team as we prepare for the next phase in the company's continuing growth," Jewell said. "Bruce's background in EDA is an enviable one -- he has been at the core of some very impressive success stories in our industry, from startups to established players. He combines a command of semiconductor technology with an understanding and concern for our customers' objectives, which is critical to success in this role. Bruce is a good fit for Magma."

Eastman's EDA career began in sales management with ECAD, through that company's initial public offering and eventual merger with SDA to form Cadence Design Systems. While at Cadence, he served as vice president of Worldwide Major Accounts and Technology Partners. He later served as vice president of North America Sales for Quickturn Systems through its IPO, and as vice president of Sales for Avant! Corporation, which grew from $2 million in revenue to more than $50 million and went public during his tenure. Eastman later founded and was CEO of IT management company Comstock Systems, which was acquired by Hitachi Storage Software, where he also served as CEO. He holds a master's degree in business administration and a bachelor's degree from the University of Kansas.

About Magma

Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, WiFi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve"(tm) while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

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