BNET Industries

Market Cap:$120.4M
Last Fiscal Year Sales:$214.4M
  • Public
  • US
Dow Jones Description

Magma design has flowed flawlessly into the 21st century. Founded in 1977 and headquartered in Santa Clara, CA, Magma Design Automation Inc. (NASDAQ: LAVA) is a provider of electronic design automation software to the communications and computer industries where engineers design integrated circuits. Advanced logical, physical synthesis and architecture development software are also provided. The company had 2005 revenue of about $164 million and employs approximately 580 people. In June 2006, its branded Magma Quartz DRC advanced physical verification product received the Outstanding Performance Award in the Design Environment/Development Tool category at the 13th annual AôLSI of the Year' awards.

Chief Executive Officer, President and Chairman of the Board of Directors
Rajeev Madhavan
Number of Employees 1,030
Contact Information

1650 Technology Drive

San Jose, California 95110

www.magma-da.co...

408-565-7500

NAICS Code Software Reproducing: 334611

Recent Events

  • Magma's Quartz DRC and Quartz LVS Adopted by Toshiba Corporation for Verification and Yield

    11/29/09 - Licensing / Contract - View Story

  • Magma Releases Hydra 1.1 - Enhanced Hierarchical Design Planning Solution Adds Out-of-the-Box Refere

    11/18/09 - Product Announcement - View Story

  • Extensive Project Management Template Library Now Available Online

    10/28/09 - Licensing / Contract - View Story

  • Notes from Magma Design's 2009 Shareholder Meeting

    9/23/09 - Mgmt. Change Leaving - CEO - View Story

  • Canaccord Adams Upgrades Magma Design LAVA to Buy

    9/18/09 - Bond / Stock Rating - View Story

  • Magma Camelot CAD Navigation Software Adopted by Analytical Solutions for Failure Analysis

    9/14/09 - Licensing / Contract - View Story

  • Magma Camelot CAD Navigation Software Adopted by Analytical Solutions for Failure Analysis

    9/09/09 - Licensing / Contract - View Story

  • Magma posts loss, amends tender offer

    8/31/09 - Financial Announcement - View Story

  • Magma's FineSim SPICE Chosen by Technology Leaders & Innovators as Standard for Verification of Large...

    8/11/09 - Licensing / Contract - View Story

  • Magma President Roy E. Jewell to Present At Canaccord Adams Global Growth Conference August 13

    8/11/09 - Financial Announcement - View Story

  • Magma's Talus IC Implementation System Included in TSMC Reference Flow 10.0 Targeting...

    7/27/09 - Licensing / Contract - View Story

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and ASSPs

    7/22/09 - Licensing / Contract - View Story

  • Magma's Vivek Raghavan Named Managing Director of India Operations

    6/22/09 - Mgmt. Change Entering - Director - View Story

News & Analysis

magma design automation and synopsys inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Gregory C. Walker CFO & Vice President, Finance
Kevin C Eichler Executive Vice President, Operations and Cfo of Markettools
Peter S. Teshima Magma's Chief Financial Officer
Hamid Savoj Senior Vice President
Saeid Ghafouri Senior Vice President
Venktesh Shukla Senior Vice President, Marketing, Business Development
Anirudh Devgan General Manager and Vice President, Product Develo
Camellia Ngo Vice President, Human Resources
David Stanley Corporate Vice President, Corporate Affairs
Milan G Lazich Vice President, Corporate Marketing
Nitin Deo Vice President, Product Marketing
Paul Stapinski Vice President, Marketing, Business Development
Pete Teshima Vice President, Finance
Premal Buch General Manager and Vice President, Product Development, Design Implementation Business Unit
Vivek Raghavan Vice President, R&D for Magma's Physical Verification Business Unit
Kam Kittrell General Manager of Magma's Design Implementation Business Unit
John Lee Co-Founder
Justine Willis Toms Co-Founder & Co-President
Behrooz Zahiri Director, Marketing, Business Development
Dwayne Burek Director, Engineering
Jim McCanny Director, Technical Marketing
Paul Baek Director, Product Marketing
Sameer Patel Director, Product Marketing
Yatin Trivedi Director, Product Marketing
Arvind Narayanan Technical Marketing Manager
Jonathan Smith Technical Marketing Manager
Kiran Singh Manager, Marketing Communications
Lata Valluri Technical Marketing Manager
Maxine Bingham Manager, Marketing Communications
Monica Marmie Marketing Manager, Communications
Russell Lee Technical Marketing Manager
Sumiko Miida Manager, Marketing Communications
Tim Baldwin Technical Marketing Manager
Timothy J. Ng Independent Investment Banking Consultant

Board of Directors

Name (plus bio) Position
Rajeev Madhavan Chief Executive Officer, President and Chairman of the Board of Directors
Chet Silvestri Board of Directors
Susumu Kohyama Board of Directors
Thomas M. Rohrs Board of Directors
Tomothy J. Ng Board of Directors

Organization Position Status
Indus Business Journal Chairman & CEO, Magma Design Automation Current
Blast Create Sa Chairman & Chief Executive Officer Current
Magma Design Automation Inc. Chief Executive Officer, President and Chairman of the Board of Directors Current
Silicom Ventures LLC Board of Directors Current
LogicVision, Inc. Director of Engineering Former
Queen's University Master's Degree In Electrical Engineering Former

Organization Position Status
Magma Design Automation Inc. CFO & Vice President, Finance Current
Synopsys, Inc. vice president of finance Former
Integrated Device Technology, Inc. director of planning Former
University of Rochester M.B.A. Former
Union College B.A. in economics and history Former

Organization Position Status
Credence Systems Corp. Chief Financial Officer Current
Magma Design Automation Inc. Executive Vice President, Operations and Cfo of Markettools Current
Knights Technology Incorporated Chair Current
Ultra Clean Technology Chairman Current
Ultra Clean Holdings, Inc. Board of Directors Current
Knights Technology Incorporated Director Current
Ultraclean Director Current
Ultra Clean Technology Director Current
Blast Create Sa Board of Directors Current
Magma Design Automation Inc. Board of Directors Current
Supportcom Member of The Board Current
SupportSoft, Inc. Board of Directors Current
MIPS Technologies, Inc. Chief Financial Officer Former
MarketTools, Inc. Chief Financial Officer Former
MarketTools, Inc. Executive Vice President of Operations Former
MIPS Technologies, Inc. Vice President Former
Supportcom Chairman of The Board Former
St. John's University Bachelor of Science Degree In Accounting Former

Peter S. Teshima became Magma's Chief Financial Officer in 2006, having joined Magma in 2004 as Vice President, Finance. He has served in financial management and operational roles in EDA and other technology industries. Before joining Magma, Teshima served as chief operating officer for Hier Design Automation and previously was CFO at InTime Software, Cyclone Commerce, Avant! Corporation, InterHDL and High Level Design Systems. He holds a B.S. degree in commerce from Santa Clara University.

Organization Position Status
Magma Design Automation Inc. Magma's Chief Financial Officer Current
Blast Create Sa Corporate Vice President, Finance and Chief Financial Officer Current
Magma Design Automation Inc. Board of Directors Current
Santa Clara University B.S. Degree In Commerce Former

Organization Position Status
Magma Design Automation Inc. Senior Vice President Current

Saeid Ghafouri joined Magma in 2002 as senior vice president, Field Operations. Before joining Magma he served as president & CEO of Empact Software, where he managed the transformation of the company from a web-based electronics exchange business to a profitable enterprise software company. In 1998 he became president and CEO of EDA company interHDL, which was later acquired by Avant!. Prior to that Ghafouri joined Silicon Architects - the first commercial library provider - and was responsible for worldwide sales operations and, following its merger with Synopsys, became Synopsys' vice president of sales for all library products. He spent eight years with Cadence (ECAD at the time), where he built the field AE organization and later was given responsibility for rebuilding the factory support infrastructure, including corporate AEs, educational services and documentation. Ghafouri began his career as an IC designer for Data General. He holds a bachelor's degree in electronics engineering.

Organization Position Status
Magma Design Automation Inc. Senior Vice President Current
Synopsys, Inc. vice president of sales Former

Organization Position Status
Magma Design Automation Inc. Senior Vice President, Marketing, Business Development Current

Anirudh Devgan joined Magma in 2005 and manages product development for Magma’s Custom Design Business Unit. He spent 12 years at IBM in various management and technical positions at IBM Thomas J. Watson Research Center, IBM Server Division, IBM Microelectronics Division and IBM Austin Research Lab. Devgan, named an IEEE Fellow in 2006, was the recipient of DAC's Best Paper Award in 2005, the IEEE William J. McCalla Best Paper Award in 2003, IBM Microelectronics Division's Excellence Award in 2001, the 2000 IBM Corporate Award, and the IBM Outstanding Innovation Award and IBM Outstanding Research Accomplishment Award, both in 1999. He has served on program committees for various international conferences including DAC, ICCAD, ASP-DAC, VLSI Design and ISQED. Devgan has published more than 70 research papers and has 22 U.S. patents either issued or pending on various aspects of electronic design automation and circuit design. Devgan received a B. Tech. degree in electrical engineering from Indian Institute of Technology, Delhi, and M.S. & Ph.D. degrees in electrical and computer engineering from Carnegie Mellon University.

Organization Position Status
Magma Design Automation Inc. General Manager and Vice President, Product Develo Current

Organization Position Status
Blast Create Sa Vice President, Human Resources Current
Knights Technology Incorporated Vice President, Human Resources Current
Magma Design Automation Inc. Vice President, Human Resources Current
California Bar Board of Directors Current
Companalysis Senior Compensation Consultant Former
Hastings College of the Law J.D. Degree Former
University of California, Berkeley Bachelor's Degree In Organizational Development Psychology Former

David Stanley joined Magma in 2005 as senior vice president, Corporate Affairs, later assuming the additional role of corporate secretary. From 2004 to 2005 Stanley was an independent legal adviser. Prior to that Stanley was Magma's director for Corporate Development and Strategy from 2003 to 2004. He was general counsel of COLO.COM, a collocation space provider, from 1999 until 2003. He was the general counsel and a member of the Executive Staff of Avant! Corporation from 1997 to 1999. Stanley received an A.B. degree in economics from Dartmouth College in Hanover, New Hampshire, and a J.D. degree from the University of San Francisco.

Organization Position Status
Blast Create Sa Corporate Vice President, Corporate Affairs Current
Magma Design Automation Inc. Corporate Vice President, Corporate Affairs Current
Colo General Counsel Former
The Strategy Company Director Former
The Corporate Development Company Director Former
University of San Francisco J.D. Degree Former
Dartmouth College A.B. Degree In Economics Former

Organization Position Status
Knights Technology Incorporated Vice President, Corporate Marketing Current
Magma Design Automation Inc. Vice President, Corporate Marketing Current
Blast Create Sa Vice President, Corporate Marketing Current
Santa Clara University MBA Former
University of California, Los Angeles Bachelor's Degree In Economics Former
Santa Clara University Bachelor's Degree In Economics Former

Organization Position Status
Magma Design Automation Inc. Vice President, Product Marketing Current

Organization Position Status
Magma Design Automation Inc. Vice President, Marketing, Business Development Current

Organization Position Status
Magma Design Automation Inc. Vice President, Finance Current

Organization Position Status
Knights Technology Incorporated General Manager and Vice President, Product Development, Design Implementation Business Unit Current
Blast Create Sa General Manager and Vice President, Product Development, Design Implementation Business Unit Current
Magma Design Automation Inc. General Manager and Vice President, Product Development, Design Implementation Business Unit Current
University of California, Berkeley Master's and Doctorate Degrees In Computer, Aided Design Former
Birla Institute of Technology & Science Bachelor's Degree In Electrical and Electronics Engineering Former

Organization Position Status
Blast Create Sa General Manager and Vice President, Product Development, Physical Verification Business Unit Current
Magma Design Automation Inc. Vice President, R&D for Magma's Physical Verification Business Unit Current
Synopsys, Inc. Former
Carnegie Mellon University Ph.D Former

Organization Position Status
Blast Create Sa General Manager and Vice President, Design Implementation Business Unit Current
Magma Design Automation Inc. General Manager of Magma's Design Implementation Business Unit Current
Magma Design Automation Inc. Applications Engineer Former
Texas A&M University Bachelor's Degree In Electrical Engineering Former

Organization Position Status
Blast Create Sa General Manager and Vice President, Physical Verification Business Unit Current
Magma Design Automation Inc. Co-Founder Current
Carp Dental Association General Dentist Current
Synopsys, Inc. Former
Carnegie Mellon University M.S. Degrees In Electrical and Computer Engineering Former
Carnegie Mellon University B.S Former
University of Pittsburgh School of Dental Medicine Former

Organization Position Status
Magma Design Automation Inc. Co-Founder & Co-President Current

Organization Position Status
Magma Design Automation Inc. Director, Marketing, Business Development Current
Magma Design Automation Inc. Director, Marketing, Business Development Former

Organization Position Status
Magma Design Automation Inc. Director, Engineering Current

Organization Position Status
Magma Design Automation Inc. Director, Technical Marketing Current

Organization Position Status
Magma Design Automation Inc. Director, Product Marketing Current

Organization Position Status
Magma Design Automation Inc. Director, Product Marketing Current

Organization Position Status
Magma Design Automation Inc. Director, Product Marketing Current

Organization Position Status
Magma Design Automation Inc. Technical Marketing Manager Current

Organization Position Status
Magma Design Automation Inc. Technical Marketing Manager Current

Organization Position Status
Magma Design Automation Inc. Manager, Marketing Communications Current

Organization Position Status
Magma Design Automation Inc. Technical Marketing Manager Current

Organization Position Status
Magma Design Automation Inc. Manager, Marketing Communications Current

Organization Position Status
Magma Design Automation Inc. Marketing Manager, Communications Current

Organization Position Status
Magma Design Automation Inc. Technical Marketing Manager Current

Organization Position Status
Magma Design Automation Inc. Manager, Marketing Communications Current

Organization Position Status
Magma Design Automation Inc. Technical Marketing Manager Current

Organization Position Status
Deutsche Bank Securities Inc. Managing Director of the Global Technology Mergers & Acquisitions Group Current
Magma Design Automation Inc. Independent Investment Banking Consultant Current
Knights Technology Incorporated Director Current
Magma Design Automation Inc. Board of Directors Current
Credit Suisse vice president Former
Deutsche Bank AG managing director Former
SoundView Technology Group, Inc. Managing Director Former
SG Cowen Securities Corporation Senior Mergers and Acquisitions Banker Former
Soundview Head Former
Global Technology Group, LLC Board of Directors Former

Organization Position Status
MoSys Inc. Board of Directors Current
Magma Design Automation Inc. Board of Directors Current
Tripath Technology, Inc. CEO Former
MoSys Inc. CEO Former
Tripath Technology, Inc. chief operating officer Former
MIPS Technologies, Inc. vice president Former
MIPS Technologies, Inc. general manager Former
Arcot Systems Inc. chairman Former
Michigan State University master of science degrees in electrical engineering Former
Harvard Business School MBA Former

Susumu Kohyama was appointed to Magma's board in 2005. Dr. Kohyama has been President and CEO of Toshiba Ceramics Co., Ltd., a leading materials company serving the semiconductor and LCD industries, since 2004. Dr. Kohyama has over 25 years' experience in the semiconductor industry. From 2003 to 2004, he served as Chief Technology Officer of the Electronic Devices Group of Toshiba Corporation. From 2001 to 2003, he was Executive Vice President of Toshiba Semiconductor Company.

Organization Position Status
Magma Design Automation Inc. Board of Directors Current

Thomas Rohrs was appointed as a Director of the Company in December 2004. He became Chairman of the Board and CEO in April 2006 and in February 2009 he became Executive Chairman of the Board. Mr. Rohrs presently serves on the board of Magna Design Automation, Inc., Ultraclean Technologies, and several private companies. In addition, he is an adviser and consultant to a number of companies both public and private. Mr. Rohrs spent five years with Applied Materials Inc., most recently as Senior Vice President, Global Operations, and was also a member of the company’s Executive Committee. Prior to that, he held executive positions with Silicon Graphics, MIPS Computer Systems and Hewlett-Packard Company’s Personal Computer Group. Mr. Rohrs holds a masters degree from Harvard Business School and a bachelors degree in Mechanical Engineering from Notre Dame Unitversity.

Organization Position Status
Electroglas Inc. Interim Chief Executive Officer Current
Vignani Technologies Pvt Ltd Chairman Current
Electroglas Inc. Chairman Current
Pressure-Insensitive Mfcs Board of Directors Current
Magma Design Automation Inc. Board of Directors Current
Ultraclean Technologies Corp Board of Directors Current
Ultraclean Director Current
MKS Ion Systems Board of Directors Current
Ultra Clean Technology Director Current
Advanced Energy Industries, Inc. Board of Directors Current
Advanced Energy Industries, Inc. Chairman and Chief Executive Officer of Electroglas, Inc. Former
MIPS Technologies, Inc. Senior Vice President, Manufacturing and Customer Service Former
Applied Materials, Inc. Senior Vice President, Global Operations Former
Hewlett-Packard Company group operations manager Former
Applied Materials, Inc. Senior Advisor Former
Electroglas Inc. Board of Directors Former
Harvard University MBA Former

Organization Position Status
Magma Design Automation Inc. Board of Directors Current

Executive News

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and ASSPs

    TMC Net - 7/22/09 - View Story

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and...

    Reuters - 7/22/09 - View Story

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and ASSPs

    TradingMarkets - 7/22/09 - View Story

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and...

    MSN Money - 7/22/09 - View Story

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and ASSPs

    Street Insider - 7/22/09 - View Story

  • Magma Announces Toshiba Corporation Deploys Talus for 90-, 65- and 40-nm ASICs and ASSPs

    Stockwatch - 7/22/09 - View Story

  • Magma's Titan Mixed-Signal Platform Supports TSMC's First Interoperable Process Design...

    Reuters - 7/22/09 - View Story

  • Magma's Titan Mixed-Signal Platform Supports TSMC's First...

    MSN Money - 7/22/09 - View Story

  • Magma Announces Reference Flow for Chartered's Enhanced 65-nm...

    MSN Money - 7/21/09 - View Story

  • XMOS Uses Magma Talus 1.1 to Improve Quality of Results On New XS1-L1 Event Driven...

    Reuters - 7/20/09 - View Story

  • Magma's Talus Enables eSilicon to Implement 400-Million-Gate Designs With 50 Percent...

    Reuters - 7/20/09 - View Story

  • Magma's Talus Enables eSilicon to Implement 400-Million-Gate...

    MSN Money - 7/20/09 - View Story

  • Magma Announces Support for SMIC Processes With 65-nm Low-Power...

    MSN Money - 7/20/09 - View Story

  • XMOS Uses Magma Talus 1.1 to Improve Quality of Results On New...

    MSN Money - 7/20/09 - View Story

  • Magma Announces Support for SMIC Processes with 65-nm Low-Power Reference Flow

    Reuters - 7/20/09 - View Story

  • SAN JOSE, Calif. and BANGALORE, India, June 22, 2009 (GLOBE NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced the appointment of Vivek Raghavan as managing director of the company\'s \','lightyellow','500')"; onMouseout="hideddrivetip()">Magma's Vivek Raghavan Named Managing Director of India Operations

    EDA Caf - 6/25/09 - View Story

  • Magma's Vivek Raghavan Named Managing Director of India Operations

    EDA Caf - 6/22/09 - View Story

  • Magma's Vivek Raghavan Named Managing Director of India Operations

    TMC Net - 6/22/09 - View Story

  • Magma's Vivek Raghavan Named Managing Director of India Operations

    Reuters - 6/22/09 - View Story

  • Magma's Vivek Raghavan Named Managing Director of India Operations

    Yahoo! Canada - 6/22/09 - View Story

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     LAVA $2.45 +0.01 (0.41% )
Average Volume 608,957
Shares Outstanding 49.18M
Market Cap 120.5M
Year High 2.64
Year Low 0.68
Earnings Per Share -2.57
P/E Ratio -0.95
Dividend N/A
Yield N/A
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