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Metrics Launches with Focus on Cloud-Based Verification with Pay-by-Minute SaaS Pricing

Cloud Solution Deployed at Multiple Companies

Ottawa, Ontario, February 1, 2018, – Metrics Technologies, Inc. introduced itself today as a provider of pay-by-minute Software as a Service (SaaS) cloud-based verification solutions. Metrics will enable system and semiconductor companies to instantly accommodate peak simulation demand, optimize budgets, and accelerate verification closure.

In other news today, Metrics also announced that its flagship product, the Metrics Cloud Simulator & Verification Manager, was commercially released, after nearly three calendar years and 30+ person years of development, plus successful deployment at multiple companies.

Metrics is delivering the benefits of a true cloud solution to SoC design and verification, including on-demand deployment, high reliability, and ease-of-use. The company is also removing the traditional high overhead for configuring and maintaining the hardware and software needed for a robust verification environment. At the same time, it is eliminating the historical obstacles to broad cloud deployment, such as security concerns and workflow integration.

“Cloud technology and a Software as a Service business model have already been a disruptive force in many industries. Just as the EDA software industry transitioned from perpetual licenses to term licenses over two decades ago, it is inevitable that EDA will ultimately embrace SaaS via cloud solutions,” said Jim Hogan, Metrics Board Chairman. “I’ve joined the Metrics board of directors because they have the vision and the technology basis to pioneer this shift.”

“We founded Metrics to bring the compelling advantages of secure, pay-as-you-go, cloud-based verification to system and semiconductor companies,” said Doug Letcher, President and CEO of Metrics. “Our solutions are built to plug-and-play into existing workflows – to enable companies to achieve optimal engineering, software license and hardware resource utilization.”

Metrics Founders

Doug Letcher, Metric’s President and CEO, has extensive technology leadership experience in functional verification. Immediately prior to Metrics, he was Vice President of Engineering at verification services firm XtremeEDA for nearly nine years, where he built and led a team of 70 engineers, executing verification projects for more than 50 customers. He received his BS in Electrical Engineering from University of Waterloo.

Metrics’ other founders are David Jones, CTO, and Gerard Desmond, Vice President of Business Development, both with deep backgrounds in verification.

About Metrics

Metrics is the first provider of cloud-based simulation and verification management solutions, offering electronic systems and semiconductor companies instantly-adjustable access and payby-minute SaaS pricing, with unlimited capacity during peak demand. Metrics offers a secure robust verification environment – all from a 100% cloud-based platform utilizing Google Cloud and accessible via major web browsers. The Metrics Verification API enables semiconductor teams and software vendors to integrate other elements into their cloud verification environment. The headquarters is at 100 Gloucester Street Ottawa, Ontario K2P 0A4. For more information please visit www.metrics.ca.

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