1 / 11

TransEDA Background

EDA Consortium “The End Game for Emerging Companies” Ellis Smith Chief Executive Officer TransEDA PLC. TransEDA Background. TransEDA develops design verification software Founded in 1992, invented code coverage verification technology 1999 Company restructured management and product line

gilles
Download Presentation

TransEDA Background

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EDA Consortium“The End Game for Emerging Companies”Ellis SmithChief Executive OfficerTransEDA PLC

  2. TransEDA Background • TransEDA develops design verification software • Founded in 1992, invented code coverage verification technology • 1999 Company restructured management and product line • IPO in September 2000, acquired 2 firms with complimentary verification products (design rule checking, test automation + verification IP) • Strong track record • CAGR 71% since 1995; profitable each year since 1996 • Company positioned to grow organically and through acquisition • Worldwide presence • R & D in Southampton, U.K. , Los Gatos CA, Boulder, CO and Nashua, NH • Direct sales and support in USA, UK, France, Germany and Japan; distribution in Europe and Asia

  3. Preparing for an IPO on the London Stock Exchange • Company status June 1999 • Small growing profitable EDA company with a niche verification product based in Southampton • Company had blue chip customer base • Good technology in verification • Mandate from Board – IPO within 15 months • June – December 1999 • Restructured management team, conducted market research, re-launched the company with Verification Navigator • January - September 2000 • Made decision to float on the AIM part of the London Stock Exchange in Q3 2000 • Selected broker, financial advisor, financial PR, lawyers • Restructured Board of Directors • Began marketing (road show) September 11, 2000. • , • About the London Stock Exchange

  4. IPO on London Stock Exchange • Successful IPO on September 28th 2000 • £23M placed and raised • Over 40 blue-chip institutional investors • Jupiter Asset Mgmt, Legal & General, Brittanic, Standard Life, Ing Barings, Credit Suisse First Boston, and M & G • Brokers • Beeson Gregory • Financial Advisor • Beeson Gregory • Financial PR • Beattie Media Ellis Smith, Gus Orchard and Teresa Wallis, COO of AIM/London Stock Exchange

  5. Board of Directors • Chris Wright – Non Executive Chairman • AEA Technology Plc, BOC Plc, RHM Plc, UK AEA • Ellis Smith – Chief Executive Officer • Exemplar Logic, CrossCheck, IBM, Xerox, Dictaphone, 3M Company • Gus Orchard – Financial Director • Meltingpoint Ltd., FDS Group, GSI-USA, Coopers & Lybrand • Ian Benson – Non Executive Director • Sybase, Inc., SRI International (formerly Stanford Research Institute) • Robert Quinn – Non Executive Director • Network Virtual Systems, Unisys, Ferranti

  6. TransEDA PLC Management Team • Ellis Smith – Chief Executive Officer • Alakesh Chetia – Chief Operating Officer • Worldwide sales • Marketing • Operations • Gus Orchard – Financial Director • Worldwide finance and administration • LSE regulations, advisors and “city” relationships • John Colley – Senior VP R & D • Development centers in Eastleigh, Los Gatos, Boulder, and Nashua

  7. After the IPO Operational Highlights • Acquisition of DualSoft LLC (December 2000) • Acquisition of iMODL Inc. (March 2001) • Expanded development centers • Nashua, NH • Boulder, CO • Los Gatos, CA • Opened sales and support offices in Japan and France • Initiated new subscription based licensing model • Successful first year as public company • Revenue up 61% to £6.5 million • EBITDA up 859% to £902,000

  8. Getting There Operations after the IPO • Responsibility to customers, investors and employees • Run a profitable company, exceed internal metrics • Manage news flow, ensure compliance with LSE regulations • Continue to exceed market expectations • Continue to exceed brokers forecast • Criteria for measuring acquisitions • Technology synergistic with current technology and on roadmap • Technology proven with major customers • Company well managed, closely held • Immediately accretive to the top and bottom line

  9. Summary of Going Public on the London Stock Exchange (LSE) • Why the Alternative Investment Market (AIM) of the LSE? • Aimed at introducing small cap companies to the public market • UK or Non-UK companies may apply to AIM/LSE • Must have UK broker and advisor • Brokers and advisors are retained by the company • Many events are the same or similar compared to NASDAQ • Cost of listing is approximately £500,000 • Future of AIM Companies • Move to main board of the LSE • Dual listing on NASDAQ

  10. Summary • TransEDA IPO on AIM/LSE • Raised the profile of company • Increased cash for operations and acquisitions • Ability to finance future growth through internal development and acquisitions • Current status • 450+ investors • Majority of shares owned by blue chip institutions • Have exceeded analyst expectations in interim and full year reports • For more information • Call me or go to the investor relations section of transeda.com

  11. EDA Consortium“The End Game for Emerging Companies”Ellis SmithChief Executive OfficerTransEDA PLC

More Related