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DoubleWide Software, Inc. Raises $9 Million in Series B Funding; Unveils All-Star Board of Advisors.

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Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 3, 2003

Leader in Next-Generation Embedded Development Software

Funded by Walden International, U.S. Venture Partners;

Welcomes Industry Leaders to Advisory Board

DoubleWide Software(TM), originators of groundbreaking software that creates a new category of Embedded Supersystems Virtualization, today announced it has received $9 million in Series B funding from Walden International and U.S. Venture Partners (USVP). DoubleWide will use the financing to support further development of its products, accelerate marketing efforts, and expand its sales force. Private investors also contributed to this round of funding.

This Fall, DoubleWide will announce a revolutionary approach to embedded software development. The company's technology uses an unprecedented, accurate virtualization of complex hardware directly on a developer's desktop - called "Embedded Supersystems Virtualization" - to radically increase the speed and efficiency of in-house software development and testing efforts. DoubleWide's technology creates dramatic cost savings in hardware prototypes, greatly speeds the development process and significantly increases developer productivity. DoubleWide will market its solution to diverse markets including equipment manufacturers' engineering and QA teams.

"Through its solid management, innovative technology and deep understanding of embedded development and its challenges, DoubleWide is uniquely positioned to...