Mentor Graphics has announced it is to purchase Innoveda for around %160 million. The deal will boost Mentor’s position in the electronic design automation market.
The proposed acquisition will significantly broaden Mentor’s position in both the PCB systems and wire harness design markets through the integration of Innoveda’s complementary solutions. PCB design continues to increase in complexity, requiring solutions that address challenges with advanced interconnect and signal integrity, as well as provide supply chain integration and data management, said Henry Potts, vice president and general manager of Mentor’s Systems Design Division. These challenges are placing PCB design back in the critical path for systems design and are evident whether you are creating a quick prototype or working in a complex integrated global enterprise.
Innoveda’s technology, products and roadmap provide additional components for the realization of our product strategy to address these challenges, said Potts. Mentor is committed to the systems design industry, and intends to continue to support Innoveda’s customers.
We’re looking forward to joining the Mentor team, and contributing to its leadership position in PCB and wire harness design and analysis, said William J. Herman, chairman and CEO of Innoveda. We see a great deal of synergy in our respective product lines and development teams, and believe that the combination of our technology and Mentor’s proven solutions and market presence will offer tremendous benefits to customers. New challenges in electronic systems and PCB design are driving customers to revisit their entire design solution strategy. This is a great opportunity for us as well as the systems design community.