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New European Headquarters will Play a Key Role in the Development of
Innovative Communications Semiconductor and Software Products

Founded in Cambridge in 1993 as a spin-out from the former Olivetti Research Laboratory, Virata Corporation today will officially open its new UK Development Centre and European Headquarters located in the Cambridge Science Park. Virata’s new Cambridge facility is now the largest of the company’s six engineering facilities worldwide and will act as the centre for communications semiconductor and software development.

Attending the event will be co-founders Dr. Hermann Hauser, Virata’s chairman, and Professor Andrew Hopper, director, who will jointly open the new building at 3.00pm. In addition, the Government, City of Cambridge and Cambridge University will be represented at the opening by Lord Sainsbury of Turville, Minister for Science and Innovation; Anne Campbell, MP; Chris Lakin, Mayor of Cambridge; and Sir Alec Broers, Vice Chancellor, University of Cambridge.

Charles Cotton, CEO of Virata, said: “The opening of this superb new facility marks a very special day for our Cambridge-based team whose expertise has helped propel Virata to its current market-leading position. Since the formation of our company eight years ago, Virata has maintained the vision of delivering high-speed access to voice, video and data services to anyone, anytime and anywhere, using telephone lines or wireless transmission. Through the efforts of our new Cambridge Centre combined with our other world-class facilities, we expect to realise this vision by capitalising on our current technology advantage and developing new hardware and software products that surpass competitive offerings on the market.”

Chairman, Dr. Hermann Hauser said, “The Cambridge area is recognised as one of the world’s most important technology centres. The close working relationship between entrepreneurial businesses, the City and the University has helped nurture more than 1500 high-tech start-ups. In addition, world-class companies such as Virata provide the many emerging companies in Cambridge with a successful role model to follow as they strive for corporate success.”

Virata’s Leadership Position

Virata has experienced tremendous growth since its November 1999 Nasdaq listing and was recently voted ‘Business of the Year’ in the Business Weekly East of England Business Awards 2000. The company currently has over 160 customers worldwide, including Acer, Ambit, Cisco, Efficient Networks, Ericsson, Hewlett-Packard, Hyundai, Lucent, Samsung, Siemens and Toshiba. Through this stellar customer base, Virata’s calendar 2000 revenues grew to $119 million, compared with $12 million in calendar 1999. Virata products now power many of the world’s largest DSL deployments throughout the US, Europe and Asia.

Virata’s Cambridge facility has played an important role in the company’s rapid growth since 1993. Its highly-experienced hardware and software engineers developed Virata’s flagship Helium communications processor and integrated software – which have become the basis of the company’s industry-leading ISOS™ (integrated software on silicon™) platform. Demonstrating the success of the ISOS platform, Virata has sold more than 6 million Helium processors to date and the company has emerged as a global leader in broadband communications.

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About Virata

Virata provides communications software and semiconductors to manufacturers of DSL, wireless, satellite and other broadband networking equipment. Virata's suite of processor-independent software products provide developers with complete, field proven implementations of networking functions, including MPLS and web servers, removing the need to write and validate new software code.

Virata also pre-integrates its extensive suite of communications software with its powerful and cost-effective communications processors to create ISOS products. These ISOS solutions assist customers in developing a diverse range of broadband wireless and wireline equipment including DSL modems, gateways, routers and integrated access devices targeted at the voice and high-speed data network access and customer premises markets. Virata's products also help equipment manufacturers to simplify product development, reduce the time it takes for products to reach the market and focus resources on product differentiation and improvement.

Virata is a principal member of the ATM Forum, Bluetooth SIG organization, the DSL Forum, HomePNA, ITU, MPLS Forum, WC3 consortium, OpenDSL consortium and UPnP Forum. A publicly traded company on the Nasdaq Stock Market, Virata was founded in 1993 and is headquartered in Santa Clara, California.

For more information, please visit http://www.virata.com.

For more information, please contact:

Daniel Walker/Sarah Griffiths
Nelson Bostock Communications
Tel: + 44 (0) 20 7229 4400
E-mail:daniel.walker@nelsonbostock.com / sarah.griffiths@nelsonbostock.com

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