Electronic Design Names Magma’s Tekton to 2010 Hot 100 Products List

SAN JOSE, Calif., Dec. 22, 2010 — Magma® Design Automation (Nasdaq: LAVA), a provider of chip design software, today announced that Electronic Design named the Tekton™ static timing analysis platform to its list of Hot 100 Products for 2010. Tekton is one of just three products named in the Electronic Design Automation (EDA) category.

Introduced in March of this year, Tekton is uniquely suited for today’s most challenging designs and offers higher capacity and faster runtimes than traditional tools, without sacrificing accuracy. It runs multi-scenario analysis efficiently on low-cost hardware without requiring a large number of expensive servers and software licenses. Tekton leverages breakthrough technology to address complex sign-off challenges.

“It gives us great pleasure to have Electronic Design recognize Tekton as a hot product for this year,” said PremalBuch, general manager of Magma’s Design Implementation Business Unit. “Design teams have responded positively as well and have consistently told us that Tekton runs significantly faster as a timing analyzer on a single CPU and dramatically faster in a multimode, multicorner analysis on a multicore machine.”

 Tekton was featured in an article titled “Chip Layout, Implementation Add Significant Muscle,” in Electronic Design’s Dec. 9, 2010 issue. For details on Tekton, please visit www.magma-da.com/tekton.

 About Magma

Magma’s electronic design automation (EDA) software provides the “Fastest Path to Silicon”™ and enables the world’s top chip companies to create high-performance integrated circuits (ICs) for cellular telephones, electronic games, WiFi, MP3 players, digital video, networking and other electronic applications. Magma products are used in IC implementation, analog/mixed-signal design, analysis, physical verification, circuit simulation and characterization. The company maintains headquarters in San Jose, Calif., and offices throughout North America, Europe, Japan, Asia and India. Magma’s stock trades on Nasdaq under the ticker symbol LAVA. Follow Magma on Twitter at www.Twitter.com/MagmaEDAand on Facebook at www.Facebook.com/Magma.Visit Magma Design Automation on the Web at www.magma-da.com.

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Magma is a registered trademark and “Fastest Path to Silicon” and Tekton are trademarks of Magma Design Automation Inc. All other product, company and institution names are trademarks or registered trademarks of their respective owners.

Forward-looking Statements:

Except for the historical information contained herein, the matters set forth in this press release, including statements about the features and benefits of Magma products, are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including but not limited to the ability of Magma’s products to produce the desired results and the company’s ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). The company undertakes no additional obligation to update these forward-looking statements.

Contacts:

Magma Design Automation

Monica Marmie

Director, Marketing Communications

(408) 565-7689

mmarmie[at]magma-da[dot]com

Europe PR Contact:

Lloyd Pople

lloyd[at]evokedset[dot]com

07714 765 607

Distributed on behalf of EvokedSet by NeonDrum news distribution service (http://www.neondrum.com)