BNET Industries

Market Cap:$132.5M
Last Fiscal Year Sales:$59.3M
  • Public
  • US
Dow Jones Description

Virage Logic is a leading provider of semiconductor intellectual property (IP) for the design of complex integrated circuits. The company?s highly differentiated product portfolio includes embedded SRAMs, embedded NVMs, embedded test and repair, logic libraries, memory development software, and DDR memory controller subsystems. As the industry?s trusted semiconductor IP partner, foundries, IDMs and fables customers rely on Virage Logic to achieve higher performance, lower power, higher density and optimal yield, as well as shorten time-to-market and time-to-volume.

President & Chief Executive Officer
Alexander Shubat PhD
Number of Employees 412
Contact Information

47100 Bayside Parkway

Fremont, California 94538-6563

www.viragelogic...

(510) 360-8000

NAICS Code Semiconductor and Related Device Manufacturing: 334413

Recent Events

  • Virage Logic Releases Sonic Focus Adaptive Volume Software

    12/01/09 - Product Announcement - View Story

  • Virage Logic Introduces New STAR Silicon Browser

    11/20/09 - Product Announcement - View Story

  • Virage Logic Introduces Self Test and Repair Silicon Browser for Memory Bring Up and System...

    11/19/09 - Product Announcement - View Story

  • Virage Logic Introduces New Product for Post Silicon Bring Up and System Debug

    11/18/09 - Product Announcement - View Story

  • Virage Logic Introduces New Productfor Post Silicon Bring Up and System Debug

    11/18/09 - Product Announcement - View Story

  • Virage Logic Completes Acquisition of NXP’s Horizontal Advanced CMOS Semiconductor IP Technology and Development Team

    11/17/09 - Merger / Acquisition - View Story

  • Virage Logic Acquires NXP's Horizontal CMOS Semiconductor IP Technology and Development Team

    11/22/09 - Merger / Acquisition - View Story

  • Virage Logic Completes Acquisition of NXP's Horizontal Advanced CMOS Semiconductor IP Technology and Development Team

    11/18/09 - Merger / Acquisition - View Story

  • Virage Logic Q4 loss widens to $3.2M

    11/02/09 - Financial Announcement - View Story

  • NXP and Virage Logic Strategic Alliance Accelerates NXPs Move to High Performance Mixed Signal Leadership...

    10/13/09 - Joint Venture / Alliance - View Story

  • NXP and Virage Logic Strategic Alliance Accelerates NXP’s Move To High Performance Mixed Signal Leadership...

    10/16/09 - Joint Venture / Alliance - View Story

  • Virage Logic Expands SiPro„ Product Portfolio with New Production-Proven Advanced Interface IP Offerings

    9/29/09 - Product Announcement - View Story

  • SMIC Selects Virage Logic's AEONr Embedded Multi-Time Programmable MTP Non-Volatile Memory NVM For RFID Applications

    9/28/09 - Licensing / Contract - View Story

  • SMIC Selects Virage Logic's AEONR Embedded Multi-Time Programmable MTP Non-Volatile Memory

    9/25/09 - Licensing / Contract - View Story

  • Virage Logic Buys ARC

    9/25/09 - Merger / Acquisition - View Story

  • Linley on Mobile: ARC acquisition, i.MX233, cellular forecast, 1GHz Cortex-A8, Tensilica DSP

    9/01/09 - Merger / Acquisition - View Story

  • Memory interface IP sector heats up

    6/24/09 - Financial Announcement - View Story

News & Analysis

virage logic corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Alexander Shubat PhD President & Chief Executive Officer
Brian Sereda Vice President, Finance & Chief Financial Officer
Christine Russell Chief Financial Officer
Pete Rodriquez Chief Marketing Officer
David Sowards Virage Logic's Vice President
Ehsan Rashid Vice President, Operations
Greer Person Vice President, Business Development
James Stewart Vice President & General Manager
Jim Bailey Vice President of Worldwide Sales
Kenneth V. Rousseau Vice President
Raymond T. Leung Vice President, Engineering Operations
Richard Butts Vice President, HR
William J. Palumbo Vice President
Yervant Zorian Vice President
Brani Buric Senior Director, Product Marketing
Krishna Balachandran Senior Director, Product Marketing
Robert H. Smith Director, Cirrus Logic, Epicor Software, Plx Technology and on Semiconductor
George Rassam Controller
Richard J. Elkus Jr. Director

Board of Directors

Name (plus bio) Position
Adam A Kablanian Chairman of the Board
Daniel McCranie Chairman of the Board
J. Daniel McCranie Chairman
J. W. Smith Board of Directors
Michael L. Hackworth Board of Directors
Michael Stark Board of Directors

Dr. Shubat co-founded Virage Logic in 1996 and currently serves as the company’s president and Chief Executive Officer (CEO). Prior to taking on the role of president and CEO in October 2008, Dr. Shubat served as Chief Operating Officer (COO) where he led the company’s strategic initiative to always be first-to-market with next generation products by focusing on both organic and in-organic product line expansion and operational excellence. Prior to his role as COO, Dr. Shubat served as the company’s vice president of research and development (R&D) and chief technical officer (CTO) where he was instrumental in leading the nearly 300 person technical staff to conceive, develop and deliver the highly differentiated advanced technology solutions for which Virage Logic has become known. Prior to co-founding Virage Logic in 1996, Dr. Shubat served as director of engineering at Waferscale Integration, a provider of Programmable uC peripherals (subsequently sold to ST). During his 10 year career at Waferscale Integration, he managed various groups including design, application-specific integrated circuit and high-speed memory. Dr. Shubat was elected to the Santa Clara University Industry Advisory Board in 2007. He is also a member of the IEEE and served as a committee member for the IEEE’s International Solid State Circuit Conference (ISSCC) from 2004 to 2006. He received an ISSCC special topic session award in 2005 and an ISSCC panel award in 2002. Dr. Shubat holds more than 20 patents and has contributed to more than 25 publications. He holds an executive M.B.A. from Stanford University, a B.S. and an M.S. in Electrical Engineering from the University of Toronto, Canada, and a Ph.D. in Electrical Engineering from Santa Clara University.

Organization Position Status
Virage Logic Corporation President & Chief Executive Officer Current
PDF Solutions Inc. Vice President of Research & Development, Chief Technical Officer and Director Current
Virage Logic Corporation Board of Directors Current
Virage Logic Corporation Chief Operating Officer Former
Virage Logic Corporation Vice President, Research & Development & Chief Technical Officer Former
Virage Logic Corporation Co-Founder Former
Santa Clara University Ph.D. In Electrical Engineering Former
University of Toronto M.S. In Electrical Engineering Former
Santa Clara University B.S. Former
University of Toronto B.S. Former

Organization Position Status
Virage Logic Corporation Vice President, Finance & Chief Financial Officer Current
Proxim Wireless Corporation Chief Financial Officer & Treasurer Former
Credence Systems Corp. Vice President, Finance Former

Organization Position Status
PDF Solutions Inc. Vice President of Finance and Chief Financial Officer Current
Alchip Technologies, Inc. Vice President of Finance and Chief Financial Officer Current
Virage Logic Corporation Chief Financial Officer Current
Virage Logic Corporation Vice President Current
QuickLogic Corporation Independent Director Current
Peak International Limited Director Current
QuickLogic Corporation Board of Directors Current
Silicon Valley Chapter President Former
Ceva, Inc. Chief Financial Officer Former
Outerbay Technologies, Inc. Cfo Former
Cygnus Solutions, Inc Cfo Former
Persistence Software, Inc. Chief Financial Officer Former
QuickLogic Corporation Chairman Former
Persistence Software, Inc. vice president Former
Peak International Limited Chair Former
University of Santa Clara M.B.A. Degree Former
Santa Clara University BA and MBA degrees Former
University of Santa Clara Degrees In Finance Former
QuickLogic Corporation Member Former
University of Santa Clara member Former
Santa Clara University member Former

Organization Position Status
Virage Logic Corporation Chief Marketing Officer Current
Alchip Technologies, Inc. Chief Marketing Officer Current
Xpedion Design Systems, Inc. CEO Former
Xpedion Design Systems, Inc. President Former
Xpedion Design Systems, Inc. Director Former

David Sowards serves as Virage Logic’s Vice President of Silicon Validation where he is responsible for the silicon validation of all Virage Logic products including test chip development, test chip characterization and silicon reports. Prior to joining Virage Logic in July 2005, Sowards served as Vice President of Engineering for fabless Smart Card IC maker, Emosyn International, an SST company. Sowards joined Emosyn in 1998 where he established the design organization and developed products that grew to over 200 million units being shipped by mid 2005. Prior to Emosyn, Sowards served as Director of Engineering at Information Storage Devices (ISD), a maker of devices for the audio market that used analog level storage on conventional floating gate non-volatile technology. Prior to ISD, Sowards held various engineering and management positions at Exar, Catalyst Semiconductor, Wafer Scale Integration, Xicor, and Sperry Univac. Sowards holds a BSEE degree from the University of Utah.

Organization Position Status
Virage Logic Corporation Virage Logic's Vice President Current
Alchip Technologies, Inc. Vice President of Non-Volatile Memory Products Current
PDF Solutions Inc. Vice President of Non-Volatile Memory Products Current
Information Storage Devices, Inc. Director of Engineering Former
Emosyn LLC Former
Exar Corporation Former
Catalyst Semiconductor Inc. Former
Sperry Univac Former
University of Utah Bsee Degree Former

Organization Position Status
Alchip Technologies, Inc. Vice President of Operations Current
Virage Logic Corporation Vice President, Operations Current
MIPS Technologies, Inc. Vice President of Operations Current
Hotstocked.Com Current
COM21, Inc Senior Vice President Former
COM21, Inc General Manager Former
Philips Semiconductor Senior Director Former
Hewlett-Packard Company Former
The Software Company Engineering Co Board of Directors Former
University of California, Berkeley B.S. in Electrical Engineering Former

Organization Position Status
Virage Logic Corporation Vice President, Business Development Current

Organization Position Status
Virage Logic Corporation Vice President & General Manager Current

Organization Position Status
Alchip Technologies, Inc. Coo Current
Virage Logic Corporation Vice President of Worldwide Sales Current
PDF Solutions Inc. Vice President of Worldwide Sales Current
Alchip Technologies, Inc. Vice President of Worldwide Sales Former
Cadence Design Systems, Inc. Former
Simplex Solutions Former
Mentor Graphics Corporation Former
Cadence, LLC Former
St. Cloud State University Bachelor of Science Degree Former

Organization Position Status
Virage Logic Corporation Vice President Current
Synopsys, Inc. Director of New Product Management Former
California Institute of Technology M.S. in Applied Physics Former

Organization Position Status
Virage Logic Corporation Vice President, Engineering Operations Current
LSI Corporation Former
Stanford University M.S. in Electrical Engineering Former
Columbia University B.S. in Electrical Engineering Former

Organization Position Status
Virage Logic Corporation Vice President, HR Current
Caliper Life Sciences, Inc. vice president, human resources Former

William J. Palumbo has served as Vice President and General Manager of New Jersey Operations since July 1999. Before joining Virage Logic, Mr. Palumbo served as Director of the Physical Library Division for Mentor Graphics from October 1990 to July 1999. Before joining Mentor Graphics, he worked in various management positions at RCA, General Electric and Harris Semiconductor from December 1983 to September 1990. He holds one U.S. patent and has published numerous articles in technical and business forums. Mr. Palumbo holds a B.S. in Electrical Engineering from Rutgers University.

Organization Position Status
Virage Logic Corporation Vice President Current
Mentor Graphics Corporation Director of the Physical Library Division Former
Virage Logic Corporation Director Physical Library Division Former
RCA Corporation Former
Rutgers University B.S. In Electrical Engineering Former

Organization Position Status
Alchip Technologies, Inc. Vice President and Chief Scientist Current
Virage Logic Corporation Vice President Current
LogicVision, Inc. Chief Technical Advisor Former
HPL Technologies, Inc. Board of Directors Former
McGill University Ph.D. in Electrical Engineering Former
University of Southern California M.Sc. in Computer Engineering Former

Organization Position Status
Virage Logic Corporation Senior Director, Product Marketing Current

Organization Position Status
Virage Logic Corporation Senior Director, Product Marketing Current

Mr. Smith joined the board in August 2003 bringing to Virage Logic over forty years of experience in financial management with leading technology companies. From 1963 at the onset of his career at Honeywell, Inc. Smith has held a number of executive positions in operations, finance and administration with Memorex Corporation and Control Data Corporation. In 1982, Smith joined R. R. Donnelley & Sons Company (NYSE: DNY), a leading provider of financial printing and communications as executive vice president, finance and chief financial officer. Smith went on to become president of Maxwell Graphics in 1986. In 1996, Smith joined Novellus Systems, Inc., as executive vice president, finance and administration and chief financial officer. Smith also served on the board of directors of Novellus until his retirement in 2002. Since 1990, Smith has been a member of the board of directors of Cirrus Logic, Inc. (NASDAQ: CRUS), serves on the company's compensation committee, and also serves as chairman of the audit committee. In 2003, Smith joined the board of directors of PLX Technology (NASDAQ: PLXT), a provider of high-speed connectivity equipment in the semiconductor industry and Epicor Software Corporation (NASDAQ: EPIC).

Organization Position Status
Virage Logic Corporation Director, Cirrus Logic, Epicor Software, Plx Technology and on Semiconductor Current
PLX Technology, Inc. Chairman Current
Cirrus Logic, Inc. Chairman Current
Epicor Software Corporation Board of Directors Current
ON Semiconductor Corporation Board of Directors Current
Cirrus Logic, Inc. Director Current
Virage Logic Corporation Board Member Current
Maxwell Communications Corporation Chief Financial Officer Former
R.R. Donnelley & Sons Co. Chief Financial Officer Former
Novellus Systems, Inc. Cfo Former
R.R. Donnelley & Sons Co. Executive Vice President, Finance Former
Novellus Systems, Inc. Executive Vice President, Finance and Administration Former
Control Data Corporation Executive Former
Novellus Systems, Inc. Officer Former
Honeywell Corporation Executive Former
Honeywell International Inc. Former
Memorex Corporation Former
Micro Component Technology Inc. Chairman Former
PLX Technology, Inc. Director Current
Micro Component Technology Inc. Board Member Former
Oklahoma City University Bachelors Degree In Business Administration Former
Cirrus Logic, Inc. member Former

George Rassam is a seasoned financial officer having played an active role with several startups in Silicon Valley as CFO and controller including Mainbrace Corporation and Virage Logic. George has operational experience in all phases of startups up to and including Initial Public Offering (IPO). Prior to startups, George served as CFO for IMP Corporation and controller at Zilog Incorporated. George Rassam serves as Director of Arset Corporation and Viasphere Corporation. George holds a Finance Degree from San Jose State University. Contact George Rassam george@viasphere.com

Organization Position Status
Viasphere Corporation Cfo Current
Virage Logic Corporation Controller Current
Viasphere Corporation Board of Directors Current
Zilog Inc. Cfo Former
Zilog Inc. Controller Former
San Jose State University Degree Former

Organization Position Status
Alchip Technologies, Inc. Chairman, Virage Logic, Director, Sequence Design Current
Sequence Design Inc Chairman, Virage Logic Current
Virage Logic Corporation Chairman of the Board Current
PDF Solutions Inc. Board of Directors Current
Sequence Design Inc Director Current
Alchip Technologies, Inc. President, Chief Executive Officer Former
Virage Logic Corporation President, Chief Executive Officer Former
Virage Logic Corporation Co-Founder Former
LSI Corporation Department Manager Former
Virage Logic Corporation Director Former
Santa Clara University Master of Science Degree In Electrical Engineering Former
University of California, Berkeley Bachelor of Arts Degree In Physics Former

Organization Position Status
Alchip Technologies, Inc. President, CEO and Director Current
Virage Logic Corporation Chairman of the Board Current
Actel Corporation Board of Directors Current
Cypress Semiconductor Corporation Board of Directors Current
Actel Corporation President and CEO, Virage Logic Former
Cypress Semiconductor Corporation Vice President of Sales and Marketing Former
ON Semiconductor Corporation Chairman of the Board Former
Actel Corporation Committee Chairman Former
California Micro Devices Corporation Board of Directors Former
ASAT Holdings Limited Board of Directors Former
Virginia Polytechnic Institute and State University bachelor's degree in Electrical Engineering Former

Organization Position Status
ON Semiconductor Corporation Chairman of the Board Current
Virage Logic Corporation Chairman Current
Actel Corporation Director Current
Alchip Technologies, Inc. Board of Directors Current
PDF Solutions Inc. Board of Directors Current
Cypress Semiconductor Corporation Director Current
Cypress Semiconductor Corporation Vice President of Sales and Marketing Former
California Inc Vice President, Marketing Former
Cypress Semiconductor Corporation supplier Former
California Micro Devices Corporation Board Member Former
Virage Logic Corporation Board of Directors Former
ON Semiconductor Corporation Board of Directors Former
ASAT Holdings Limited Board Member Former
Virginia Polytechnic Institute and State University Bachelor's Degree In Electrical Engineering Former

Organization Position Status
Virage Logic Corporation Board of Directors Current

Michael Hackworth is currently chairman of the board of Cirrus Logic Inc., a position he has held since July 1997. Mr. Hackworth served as president and chief executive officer from January 1985 to June 1998 and continued to serve as chief executive officer until February 1999. Mr. Hackworth currently serves as an "Advisor to Entrepreneurs" and serves on the board of Virage Logic Inc. (VIRL) and several private company boards including interim CEO roles. In 1990, he was named Semiconductor Entrepreneur of the Year by Ernst & Young, and in 2001 the Fabless Semiconductor Association presented him with the prestigious Dr. Morris Chang Exemplary Leadership Award for his visionary contributions to the fabless semiconductor industry.

Organization Position Status
Cirrus Logic, Inc. Chairman, Co-Founder and Director Current
Electronic Software Publishing Corporation Co-Founder of Cirrus Logic Current
Tymphany Corp Chairman Current
Slicex, Inc Chairman of the Board Current
Virage Logic Corporation Board of Directors Current
Epicor Software Corporation Director Current
Cirrus Logic, Inc. CEO Former
Tymphany Corp CEO Former
Cirrus Logic, Inc. President Former
Signetics, Inc Senior Vice President Former
Ernst & Young Semiconductor Entrepreneur Former
Read-Rite Corporation Former
Cradle Technologies, Inc. Former
eSilicon Corporation Former
Cirrus Logic, Inc. Board of Directors Former
University of Santa Clara B.S. in Engineering Former
Santa Clara University Bachelor of Science Degree In Engineering Former

Organization Position Status
Plato Networks General Partner and Founder, Crosslink Capital Current
Crosslink Capital co-founder Current
Crosslink Capital co-founded Current
Bluearc Corp Board of Directors Current
Revera, Inc. Board of Directors Current
Plato Networks Board of Directors Current
Virage Logic Corporation Board of Directors Current
NU-Core Board of Directors Current
Crosslink Capital Managing Director Former
Force10 Networks, Inc. Founder Former
Robertson, Stephens & Company Director of equity analyst Former
Intel Corporation na Former
Crosslink Capital Director Former
University of Michigan M.B.A. Former
Northwestern University B.S. in Engineering Former

Organization Position Status
Lam Research Corporation Director Current
KLA-Tencor Corporation Board of Directors Current
Cameca Instruments Board of Directors Current
Sopra Sa Director Current
Virage Logic Corporation Director Current
The Scripps Research Institute Director Current
Virage Logic Corporation Chairman Former
Dartmouth College M.B.A. Former
Stanford University B.S. Former

Executive News

  • Honeywell Appoints Tim Mahoney President, CEO Of Aerospace Business - Update

    RTTNews.com - 9/03/09 - View Story

  • Honeywell Names Tim Mahoney President and CEO of Honeywell Aerospace

    TradingMarkets - 9/03/09 - View Story

  • Honeywell Appoints Tim Mahoney As President, CEO Of Its Aerospace Business - Quick Facts

    RTTNews.com - 9/03/09 - View Story

  • Honeywell names Tim Mahoney head of aerospace

    CNBC - 9/03/09 - View Story

  • Honeywell Names Tim Mahoney President and CEO of Honeywell Aerospace

    Stockwatch - 9/03/09 - View Story

  • First electric cars, now electric planes

    Fortune - 8/24/09 - View Story

  • Here comes the electric plane

    CNN Money - 8/24/09 - View Story

  • Virage Logic Eyes ARC International

    TradingMarkets - 8/21/09 - View Story

  • Virage Logic Announces Intent To Acquire ARC International

    Semiconductor Online - 8/21/09 - View Story

  • Virage Logic gibt Absicht zur Übernahme von ARC International bekannt

    Reuters - 8/21/09 - View Story

  • Virage Logic Announces Intent to Acquire ARC International for $41 Million Cash

    Analog and DSP - 8/21/09 - View Story

  • Virage Logic to buy ARC for $41M

    Electronic Engineering Times Asia - 8/19/09 - View Story

  • Virage Logic Announces Intent to Acquire ARC International

    EDA Caf - 8/19/09 - View Story

  • National Academy of Science, Republic of Armenia Elects Dr. Yervant Zorian as Foreign Member?

    TradingMarkets - 5/22/09 - View Story

  • Dr. Yervant Zorian, Virage Logic's Vice President and Chief Scientist, Elected Foreign Member of the National Academy of Science, Republic of ArmeniaRadik Martirosyan, President of the National Academy of Science (NAS), presents Dr. Yervant Zoria...

    DMN Newswire - 5/12/09 - View Story

  • Dr. Yervant Zorian, Virage Logic's Vice President and Chief Scientist, Elected Foreign Member...

    Forbes.com - 5/12/09 - View Story

  • Dr. Yervant Zorian, Virage Logics Vice President and Chief Scientist, Elected Foreign Member of the National Academy of Science, Republic of Armenia

    Business Wire - 5/12/09 - View Story

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     VIRL $5.74 +0.07 (1.23% )
Average Volume 33,242
Shares Outstanding 23.99M
Market Cap 137.7M
Year High 6.25
Year Low 2.25
Earnings Per Share -1.48
P/E Ratio -3.88
Dividend N/A
Yield N/A
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