Mentor Graphics Strengthens its Automotive Solutions Portfolio with the Acquisition of Volcano Communications Technologies
WILSONVILLE, Ore.—(BUSINESS WIRE)—May 26, 2005—
Mentor Graphics Corporation (Nasdaq:MENT) today
announced it has acquired Volcano Communications Technologies AB
(VCT), including the complete product line of Volcano's automotive
networking series. The series includes network design tools, embedded
software and test and validation tools for all major automotive
networks. Terms of the deal were not disclosed.
The acquisition provides a logical extension of Mentor's growing
presence in the automotive industry by broadening the company's
portfolio of tools available for the design of automotive electrical
and electronic systems. VCT adds predictable, real-time communications
within automotive electrical systems to Mentor's strong solutions of
cabling and harness, embedded software and system modeling. Mentor
Graphics will continue to offer and support the full VCT product line.
VCT provides the automotive industry with comprehensive networking
and data communication solutions that support the user in the
development of in-vehicle networking systems. By using the Volcano
concept, network design is made easy and predictable, guaranteeing
data communications which reduces the verification effort to almost
zero and eliminates warranty and change costs caused by networking
issues. VCT is a premium member of AUTOSAR, actively participating in
the development of an open network communication standard for the
automotive industry. VCT customers include AUDI, BMW, Daimler
Chrysler, Volkswagen, Volvo, Ford, Fiat, PSA, Bosch, Delphi, Magneti
Marelli, Siemens VDO and Visteon.
"This is a natural step forward for VCT. We have been creating
development tools and embedded software since 1998 but mainly focusing
on the European marketplace," said Antal Rajnak, VCT founder, vice
chairman of the board, and chief technical officer/vice president,
Research and Development. "We are excited that, by joining Mentor
Graphics, we will be expanding into the global automotive marketplace
while combining our strong technologies into Mentor's automotive
design flow."
About Mentor Graphics
Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in
electronic hardware and software design solutions, providing products,
consulting services and award-winning support for the world's most
successful electronics and semiconductor companies. Established in
1981, the company reported revenues over the last 12 months of over
$700 million and employs approximately 3,850 people worldwide.
Corporate headquarters are located at 8005 S.W. Boeckman Road,
Wilsonville, Oregon 97070-7777; Silicon Valley headquarters are
located at 1001 Ridder Park Drive, San Jose, California 95131-2314.
World Wide Web site: http://www.mentor.com.
Mentor Graphics is a registered trademark of Mentor Graphics
Corporation. All other company or product names are the registered
trademarks or trademarks of their respective owners.
Contact:
Mentor Graphics
James Price, +44 161 926 1637
jamesprice@mentor.com
or
Suzanne Graham, 503-685-7789
suzannegraham@mentor.com
