Taking the Lead

Synchronicity announces new CEO

Marlboro, MA  April 29, 2002  Synchronicity Inc., a provider of design collaboration software for the semiconductor industry, today announced that Patrick Romich has been named as the company's chief executive officer and to its board of directors.

According to a statement released by the Synchronicity, Romich will oversee all daily operations to drive the company's growth strategy. Former CEO and co-founder Dennis Harmon remains as chairman of the board and takes on the new title of chief strategy officer, overseeing long-term strategic initiatives for the company.

Romich joins Synchronicity with more than 20 years of experience in managing global software and information operations. He rose through the ranks of Information Handling Services (IHS) Group, a software and electronic content provider with more than 3,000 employees and over $400 million in annual revenue, to become president and CEO. He was responsible for daily operations, mergers and acquisitions, negotiating major contracts with Fortune 500 companies, and building strategic partner relationships.

In 1999, Romich created IHS's IQXPERT component/supplier management software business unit and then directed its merger with PartMiner, which is now an electronic component procurement Web site. Most recently Mr. Romich served as a director of Verian Technologies, a supplier management software company.

Harmon related Synchronicity's reasons for hiring Romich: "His extensive background managing global software operations and proven leadership abilities will complement Synchronicity's existing strengths. Patrick brings a keen understanding of the challenges electronic company's face when enhancing and integrating their design and supply chain processes."

"I am excited to be joining Synchronicity at this stage in its development, coming off a record Q1 with very positive momentum," said incoming CEO Romich. "I look forward to focusing my energy on bringing Synchronicity to the next stage in its development."

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