updated 5/31/2011 9:16:51 AM ET 2011-05-31T13:16:51

SAN JOSE, Calif., May 31, 2011 (GLOBE NEWSWIRE) -- Magma® Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, announced that Chief Financial Officer Peter S. Teshima and Corporate Vice President, Field Operations Carl Burrow will speak at two upcoming financial conferences, the DA Davidson Technology Forum and the Cowen & Co. Technology Media & Telecom Conference.

DA Davidson: On Wednesday, June 1, Magma will participate in the DA Davidson Technology Forum at the Grand Hyatt Hotel in New York.

Cowen & Co.: On Thursday, June 2 Magma will participate in the Cowen & Co. Technology Media & Telecom Conference at the Palace Hotel in New York. Magma's presentation will be webcast at 8:45 a.m. EDT and may be accessed from Magma's website at http://investor.magma-da.com/events.cfm.

About Magma

Top semiconductor makers worldwide use Magma's electronic design automation (EDA) software to produce chips for electronic applications including tablet computing devices, mobile devices such as smartphones, electronic games, digital video, networking, military/aerospace and memory. Magma products provide the "Fastest Path to Silicon"™ and include software for digital design, analog implementation, mixed-signal design, physical verification, circuit simulation, characterization and yield management. 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/MagmaEDA and on Facebook at www.Facebook.com/Magma. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma is a registered trademark and "Fastest Path to Silicon" is a trademark of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.

CONTACT: Magma Design Automation Inc.
         Press Relations
         Monica Marmie
         Director, Corporate Marketing
         (408) 565-7689
         Investor Relations
         Milan G. Lazich
         Vice President, Corporate Marketing
         (408) 565-7706

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