Former CFO for Fujitsu America and Brocade joins Single Mask Adaptable ASIC provider

SANTA CLARA, Calif. - Monday, July 21st 2014 [ME NewsWire]

(BUSINESS WIRE)-- eASIC Corporation, a leading provider of Single Mask Adaptable ASIC™ devices, today announced the immediate appointment of Richard Deranleau as the company’s Chief Financial Officer and Senior Vice President of Finance. Mr. Deranleau was recently SVP, Finance and CFO for a $1.1 Billion North American operating company of Fujitsu, Ltd. and was previously CFO of Brocade Communications Systems, Inc. (NASDAQ: BRCD).

“Richard’s proven strategic and operational expertise in successfully building and growing public and private companies makes him a tremendous addition to our executive team,” said Ronnie Vasishta, president and CEO at eASIC Corporation. “His experience in high growth companies is extremely valuable as eASIC continues our aggressive growth plans.”