SmartDV Achieves Record Revenue in 2019
published in Finance on 04/02/2020
SAN JOSE, CALIF. - February 4, 2020 - SmartDV Technologies, the Proven and Trusted choice for Design and Verification Intellectual Property (IP), today announced record revenue and increased profitability in 2019.
Several multi-year agreements and 11 new customers in the U.S., Japan, Europe, China and Korea contributed to SmartDV’s success in a variety of market segments that include networking, storage, data conversion and mobile devices.
“Projections in all regions, especially the U.S., Japan, Korea, Taiwan and China, are significant and new corporate initiatives and partnerships will fuel expanded growth for 2020,” remarks Deepak Kumar Tala, SmartDV’s managing director. “The design and verification community relies on SmartDV for its Design and Verification IP used through design to design IP and SoC verification to post-silicon validation. Few IP providers can support our customers the way we do with our ability to rapidly customize Design and Verification IP for specific applications and customer requirements.”