Released on: October 31, 2007, 4:21 am

Press Release Author: PRHUB

Industry: Software

Press Release Summary: Magma ® Design Automation Inc., a provider of semiconductor
design software, has been named to Deloitte\'s prestigious Technology Fast 50 Program
for Silicon Valley , for the fourth consecutive time. Magma is recognised as the
fastest-growing technology, media, telecommunications and life sciences companies by
Deloitte&Touche .



Press Release Body: Magma Named to Silicon Valley\'s Fastest-Growing Software & IT
Companies in Deloitte\'s Technology Fast 50 Program for Fourth Consecutive Year


Strategic product development, new markets lead to 254 percent revenue growth



Bangalore, Oct. 31, 2007 - For the fourth consecutive year, Magma® Design Automation
Inc. (Nasdaq: LAVA), a provider of semiconductor design software, has been named to
Deloitte\'s prestigious Technology Fast 50 Program for Silicon Valley, a ranking of
the fastest growing technology, media, telecommunications and life sciences
companies in the region by Deloitte & Touche USA LLP, one of the nation\'s leading
professional services organizations. Rankings are based on the percentage revenue
growth over five years from 2002-2006.

Magma was also named to the 2007 Deloitte Technology Fast 500, recognizing the
fastest-growing technology, media, telecommunications and life sciences companies in
the United States and Canada .

Magma CEO Rajeev Madhavan credits the company\'s 254 percent revenue growth from 2002
to 2006 to c ontinued successful execution on a plan to develop new products with a
technology advantage, both in existing and new markets. Since 2002, Magma has
introduced more than 30 products that address key challenges of digital and analog
IC design, helping leading semiconductor companies to improve productivity and
reduce design and manufacturing costs.

\"We\'re not only strengthening product positioning in our established markets, but we
also continue to enter new markets, such as fab analysis and design for test, that
will allow us to sustain our strong growth ,\" Madhavan said. \" We\'re pleased to be
named to Deloitte\'s Technology Fast 50 list for the fourth straight year because it
acknowledges our consistently effective strategy for success.\"

\"Deloitte\'s Silicon Valley Technology Fast 50 companies have shown the strength,
vision and tenacity to succeed in today\'s very competitive technology environment,\"
said Mark Jensen, partner and national director, Venture Capital Services, Deloitte
& Touche LLP. \"We applaud the successes of Magma and acknowledge it as one of the
very few to accomplish such a fast growth rate over the past five years.\"

Magma\'s increase in revenue of 254 percent from 2002 to 2006 resulted in a No. 32
ranking in the Software & Information Technology category of the Technology Fast 50
for Silicon Valley.

To qualify for the Technology Fast 50, companies must have had operating revenues of
at least $50,000 in 2002 and $5 million in 2006; be headquartered in Silicon Valley;
and o wn proprietary technology or intellectual property that contributes to a
significant portion of the company\'s operating revenues, or devote a significant
proportion of revenue to the research and development of technology.

Companies from the 16 regional Technology Fast 50 programs in the United States and
Canada are automatically entered in Deloitte\'s Technology Fast 500 program, which
ranks North America\'s top 500 fastest growing technology, media, telecommunications
and life sciences companies. For more information on Deloitte\'s Technology Fast 50
or Technology Fast 500 programs, visit www.fast500.com.

This year\'s Silicon Valley Technology Fast 50 program is co-presented by Deloitte &
Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry
International, and Woodruff-Sawyer & Co.

About Magma

Magma\'s software for designing integrated circuits (ICs) is used to create complex,
high-performance chips required in cellular telephones, electronic games, WiFi, MP3
players, DVD/digital video, networking, automotive electronics and other electronic
applications. Magma\'s EDA software for IC implementation, analysis, physical
verification, circuit simulation and characterization is recognized as embodying the
best in semiconductor technology, enabling the world\'s top chip companies to \"Design
Ahead of the Curve\"T while reducing design time and costs. Magma is headquartered in
San Jose , Calif. with offices around the world. Magma \'s stock trades on Nasdaq
under the ticker symbol LAVA. Visit Magma Design Automation on the Web at
www.magma-da.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its
member firms and their respective subsidiaries and affiliates. As a Swiss Verein
(association), neither Deloitte Touche Tohmatsu nor any of its member firms has any
liability for each other\'s acts or omissions. Each of the member firms is a separate
and independent legal entity operating under the names \"Deloitte\", \"Deloitte &
Touche\", \"Deloitte Touche Tohmatsu\" or other related names. Services are provided by
the member firms or their subsidiaries or affiliates and not by the Deloitte Touche
Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the
US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte
& Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP,
Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.



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