Magma President Roy E. Jewell and CFO Peter S. Teshima to Present at Needham Growth Conference January 11, 2011

/ Source: GlobeNewswire

SAN JOSE, Calif., Jan. 4, 2011 (GLOBE NEWSWIRE) -- Magma® Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Magma President and Chief Operating Officer Roy E. Jewell and Chief Financial Officer Peter S. Teshima will speak at the 13th Annual Needham & Company Growth Conference, presenting Jan. 11, 2011 at 9:20 a.m. EST. The conference will be conducted at the New York Palace hotel.

A live webcast of Magma's presentation will be accessible in the Investor Relations section of Magma's website at http://investor.magma-da.com/events.cfm. A replay will be available through Jan. 18, 2011.

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/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 and registered trademarks of their respective companies.

Forward-looking Statements:

Except for the historical information contained herein, the matters set forth in this press release 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.

CONTACT: Magma Design Automation Media contact: Monica Marmie, Director, Corporate Marketing (408) 565-7689 mmarmie@magma-da.com Investor contact: Milan G. Lazich, Vice President, Corporate Marketing (408) 565-7706 milan.lazich@magma-da.com