Cadence Design Systems Selects Intellimatch For Electronic Job Applicant Search

Business Wire, April 11, 1995

SAN JOSE, Calif.--(BUSINESS WIRE)--April 11, 1995--IntelliMatch, Inc., based here, today announced that Cadence Design Systems, Inc. (NYSE:CDN) has signed an agreement under which it will use IntelliMatch's on-line recruitment service to identify job candidates for its open job requisitions.

IntelliMatch has developed a structured resume format that redefines an applicant's resume and converts it from a summary of experience to a summary of skills. Employers can access the on-line database to identify job candidates that possess exactly the skills and experience required for the job. Employers using the IntelliMatch service have access to thousands of job applicants throughout the United States, while applicants have access to hundreds of employers, many with unadvertised job openings.

According to Jonn Nolitt, director of staffing at Cadence, "Our greatest challenge is finding applicants that possess the specific job skills required for open positions within Cadence. Although we have found a variety of resume databases on the World Wide Web, we believe IntelliMatch's powerful search capability best addresses our hiring needs. We intend to use IntelliMatch's service to provide a steady stream of qualified job applicants, thus helping to ensure the company's future competitiveness.

According to Nolitt, Cadence currently has greater than 100 open positions for software engineers, hardware development/consulting engineers, technical writers and salespeople.

The key to the IntelliMatch service is its two Windows-based software tools, HOLMES and WATSON. Installed on an employer's PC, HOLMES (Hiring through On-Line Match of Employment Specifications) provides access by dial-up or through a World Wide Web connection to IntelliMatch's database of candidates, enabling on-line searches using specific, weighted criteria. WATSON (Where Applicants Turn Skills into Opportunities Nationwide) is a structured resume generator that collects skills, proficiency levels, recency of use, educational background and other relevant information about the job seeker. Employers using HOLMES may then quickly identify appropriate candidates.

"Identifying qualified candidates to fill open job requisitions has always challenged employers with the proverbial search for the needle in a haystack," said Chani Pangali, chief executive officer of IntelliMatch. "Our technology allows human resource and staffing departments to quickly locate applicants with hard-to-find job skills, and immediately begin the recruiting process," he said.

Cadence Design Systems, Inc. is the worldwide leader in the development and marketing of design automation software and services that accelerate and advance the process of designing electronic systems. Cadence combines leading-edge technology with a complementary set of services that enables customers to improve the quality and time-to-market performance of innovative electronic products. Cadence is based in San Jose, Calif., with research and development, sales and support locations throughout the world. The company is listed on the New York Stock Exchange under the symbol CDN.

IntelliMatch is the first, intelligent, on-line recruitment service to match employers and job applicants by using a sophisticated, on-line database system. The company, founded in January 1994, is located at 2107 North First Street, Suite 460, San Jose, Calif. 95131, telephone: 408-441-1947, fax: 408-441-7048, Internet: http://www.batnet.com/intellimatch/.>CONTACT: Chani Pangali, Ph.D.

IntelliMatch, Inc.

408-441-1947

or

Bob Davidson

Davidson Public Relations for IntelliMatch

512-306-1821

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