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Monday, April 03, 2017

Siemens closes Mentor Graphics deal

By Nick Flaherty

The name of Mentor Graphics will continue for a while longer as its acquisition by Siemens has completed.

The company will retain the brand as 'a Siemens company' within the product lifecycle management (PLM) software business as Siemens sets out to underscore the significant customer value it envisions for both Electronic Systems and Integrated Circuit (IC) design tools. 

The combined organization is now the world's leading supplier of industrial software used for product design, simulation, verification, testing and manufacturing, and Siemens is positioning itself to provide a seamless and comprehensive software solution to the companies that develop embedded, consumer and enterprise products.

"The entire suite of EDA offerings from Mentor are critically important to our vision of growing our customer base and delivering the world's most comprehensive portfolio of software solutions to build the Digital Enterprise," said Tony Hemmelgarn, President and CEO of  Siemens PLM Software. "Software tools such as Electrical & Wire Harness Design and Electronic Systems Design, perfectly complement our existing solutions, while tools for IC Design, Verification, Test and Manufacturing expand our offerings and expertise into adjacent segments to bring value to a new set of clients.

With approximately $10 billion in investments in multiple software companies since 2007, Siemens has made a significant push into the software space with acquisitions including UGS, LMS, Camstar, Polarion, and CD-adapco. "Joining the Siemens family presents tremendous opportunity, not only for the Mentor Graphics team, but also for existing, new and future customers," said Wally Rhines, CEO of Mentor Graphics. "Siemens' desire to leverage all of Mentor's technologies – from our IC offerings to our systems solutions – was an important part of this transaction. We are proud to become part of an organization with such an excellent reputation and successful track record over the years."

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