On November 10, 2010, U.S. Ambassador to Armenia Marie Yavanovitch revealed a special plaque at the Synopsys Armenia R&D Center in Yerevan. The plague is signed by Under Secretary of Economic, Energy and Agricultural Affairs Robert Hormats. The special citation was offered to Synopsys “in recognition of corporate citizenship, innovation and exemplary business practices in Armenia.”

Synopsys, Inc., a world leader in software and IP for semiconductor design, verification and manufacturing, announced today that the U.S. State Department has recognized Synopsys in Armenia among 12 finalists worldwide for the U.S. Secretary of State’s prestigious 2010 Award for Corporate Excellence (ACE).

Other finalists are Alta Ventures in Mexico, Cisco in Israel, Coca-Cola in Swaziland, Denimatrix in Guatemala, Fiji Water in Fiji, GE in India, Intel in Costa Rica, Mars, Inc. in Ghana, PepsiCo in India, Qualcomm in China, and Tang Energy in China, statement by Synopsys reads.

“Synopsys is committed to bringing the best technology solutions to our customers and to improving the communities where our employees work and live. Synopsys Armenia exemplifies how our business practices throughout the world reflect our company values of leadership, customer success and integrity. We are honored to be recognized for our Armenian employees’ activities in Armenia, and for our contributions to the local community,” said Rich Goldman, vice president of corporate marketing and strategic alliances at Synopsys, and CEO of Synopsys Armenia.

“It is not an exaggeration to say that Synopsys was thrilled to learn that Synopsys Armenia was recognized by the U.S. government among 12 finalists to receive the prestigious ACE award. This high level of recognition is a big honor for us and explicit evidence of what we do in and for Armenia.  Indeed, we do many things about which all of us are proud,” said Hovik Musayelyan, director of Synopsys Armenia.