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VaST Recognized as One of Top 200 Private Companies
SUNNYVALE, CA — May 21, 2008 — VaST, the leader in electronics virtualization, today announced it has been selected by Nollenberger Capital Partners as one of the Top 200 Private Technology Companies for 2008. The 200 companies are anticipated to achieve a liquidity event or raise capital at an uptick valuation in the next 12 - 24 months.
These companies have functioning, innovative solutions with defensible IP and demonstrable revenue traction. They are pursuing large addressable markets and have solid management teams. Typically, they are later-stage companies backed by investment professionals.
Companies chosen for this honor typically are 8.4 years since inception and have raised an average of $67.5 million. In 2007 VaST achieved 119% growth in sales. VaST investors include Allen & Buckeridge Asset Managment Limited, Foundation Capital, Mohr Davidow Ventures, Toshiba, and ZenShin Capital Partners.
About VaST
VaST drives electronics virtualization. VaST fundamentally changes the electronics industry by breaking the dependency on hardware prototypes. With VaST, electronics companies develop virtual system prototypes-timing-accurate, high-speed simulation models of their electronic systems-for use in design and supply chain enablement. Using virtualization, customers develop software before hardware and enable early software development by ecosystem partners that cuts time to market by 8 months or more.
VaST's customers include worldwide leaders in automotive, consumer, and wireless markets. VaST is headquartered in Sunnyvale, California with sales and support offices worldwide.
Media Contacts:
VaST in the USA:
VitalCom
Lou Covey
650-366-8212 x 203
lou@vitalcompr.com
VaST Systems Technology KK in Japan
Isao Yumoto
+81-3-5447-5231
i.yumoto@vastsystems.com
VaST in Europe:
Jean-Marc Talbot
+33 4 56 38 51 23
j.talbot@vastsystems.com
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