ASIC ALLIANCE CORPORATION APPOINTS GARY ARENA CHIEF FINANCIAL OFFICER
-- New CFO Brings 16 Years Experience to Semiconductor Design Consultancy --
Woburn, Mass., - June 5, 2000 - ASIC Alliance Corporation, a leading supplier of ASIC, SOC and FPGA design and verification consulting services, today announced the appointment of Gary Arena to the position of chief financial officer. Arena brings 16 years of leadership experience in a broad range of dynamic and entrepreneurial, growth-oriented service organizations. He will report directly to Ray Carlin, president and chief executive officer of ASIC Alliance.
Most recently, Arena was the chief financial officer and chief operating officer for Nextera Interactive, part of the international consulting firm Nextera Enterprises, Inc. of Lexington, Mass. In this position, he was responsible for overall financial management of the business as well as the infrastructure support functions which included accounting and finance, office and facility administration, human resource management, recruiting and scheduling and internal information systems. Previously, he was director of finance and operations at Nextera Enterprises, Inc. and a part of the senior management team that took Nextera public in May of 1999. During this time, he was also responsible for the preliminary financial due diligence and ultimate operational integration of new business acquisitions.
Prior to Nextera Enterprises, Arena held financial positions at Mercer Management Consulting, Inc., Critical Care America, Inc., Bolt, Beranek and Newman, Inc. and Arthur Young and Company. He holds a bachelor's degree in accountancy from Bentley College. He currently resides in Boston, Mass.
"With seven years working directly in the professional services arena, Gary brings proven expertise in identifying and addressing issues critical to growing organizations," said Ray Carlin, president and CEO of ASIC Alliance. "His skills complement our management team. I believe that Gary is the high-energy CFO ASIC Alliance needs to ensure a successful future."
"I have faith in ASIC Alliance's business model which is supported by proven methodologies and reusable technology, but it was the senior management team that impressed me the most," said Arena. "Having seen companies through rapid growth, and having been through the IPO process before, I've had experience with a variety of business strategies. I look forward to using that knowledge and working with Ray and the rest of the management team to ensure ASIC Alliance's continued success."
About ASIC Alliance Corporation
Headquartered in Woburn, Mass., ASIC Alliance Corporation is a leading provider of tools, processes and services to companies developing products with complex, sub-micron ASIC and FPGA technologies. The Company provides Time-to-Revenue Design Engineering SolutionsSM that enable breakthroughs in the time-to-market delivery of digital systems using a system level verification methodology integrating "best of class" EDA software with its own unique tools. ASIC Alliance forms a partnership in its customers' success by leveraging a center of excellence grounded in ASIC technology and industry expertise. Information about ASIC Alliance and its services and products is available by phone at 781-932-2442, by e-mail at info@zaiqtech.com or on the Internet at http://www.asic-alliance.com.
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