|Traded as||NASDAQ: MENT|
|Industry||EDA, Embedded Software|
|Products||Nucleus OS, EDGE Developer Suite, ModelSim/QuestaSim, Calibre|
|Revenue||$1.09 billion USD (2013)|
|Net income||$138.7 million USD (2013)|
Mentor Graphics, Inc is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics. In 2004 it was ranked third in the EDA industry it helped create. Founded in 1981, the company is headquartered in Wilsonville, Oregon and employs roughly 4,400 people worldwide with annual revenues of around $1 billion.
In 1981, the idea of computer-aided design for electronics as the foundation of a company occurred to several groups - those who founded Mentor, Valid Logic Systems, and Daisy Systems. One of the main distinctions between these groups was that the founding engineers of Mentor, whose backgrounds were in software development at Tektronix, ruled out designing and manufacturing proprietary computers to run their software applications. They felt that hardware was going to become a commodity owned by big computer companies, so instead they would select an existing computer system as the hardware platform for the Computer Aided Engineering (CAE) programs they would build.
By February 1981, most of the start-up team had been identified; by March, the three executive founders, Tom Bruggere, Gerry Langeler and Dave Moffenbeier had left Tektronix, and by May the business plan was complete. The first round of money, $1 million, came from Sutter Hill, Greylock, and Venrock Associates. The next round was $2 million from five venture capital firms, and in April 1983 a third round raised $7 million more. Mentor Graphics was one of the first companies to attract venture capital to Oregon.
Apollo Computer workstations were chosen as the initial hardware platform. Based in Chelmsford, Apollo was less than a year old and had only announced itself to the public a few weeks prior to when the founders of Mentor Graphics began their initial meetings.
When Mentor entered the CAE market the company had two technical differentiators: the first was the software - Mentor, Valid, and Daisy each had software with different strengths and weaknesses. The second, was the hardware - Mentor ran all programs on the Apollo workstation, while Daisy and Valid each built their own hardware. By the late 1980s, all EDA companies abandoned proprietary hardware in favor of workstations manufactured by companies such as Apollo and Sun Microsystems.
Mentor Graphics is a global company with product development taking place in the USA, Europe, Japan, Pakistan, India and Egypt. In keeping with global trends in software development, the company has a substantial labor force in lower cost locations such as Pakistan, India, Poland, Hungary and Egypt. James "Jim" Ready, one of the more colorful people in embedded systems, left Mentor in 1999 to form the embedded Linux company MontaVista. Neil Henderson, a pioneer in the royalty-free, source provided market space, joined Mentor Graphics in 2002 with the acquisition of Accelerated Technology Inc. Stephen Mellor, a leader in the UML space and co-originator of the Shlaer-Mellor design methodology, joined Mentor Graphics in 2004 following the acquisition of Project Technology.
In June 2008, Cadence Design Systems offered to acquire Mentor Graphics in a leveraged buyout. On 15 August 2008, Cadence withdrew this offer quoting an inability to raise the necessary capital and the unwillingness of Mentor Graphics' Board and management to discuss the offer. Mentor acquired Flomerics Group plc for $60 million in cash in October 2008, and in August 2009, Mentor completed the acquisition of silicon manufacturing testing company LogicVision for $13 million in an all stock deal. Mentor completed the acquisition of Valor Computerized Systems in March 2010 in a cash and stock deal valued at $50 million.
On 22 February 2011, Carl Icahn, an activist investor, made an offer to buy the company for about $1.86 billion in cash in a move to push other suitors to declare themselves.
Walden C. Rhines is the company's chairman of the board and chief executive officer. He started as CEO in October 1993. Gregory K. Hinckley serves as the president of the corporation and has been a corporate officer since January 1997.
Mentor Graphics distributes the following tools:
- Electronic design automation for:
- Integrated circuit layout full-custom and SDL tools such as IC Station
- IC place and route tool: Olympus-SoC
- IC Verification tools such as Calibre nmDRC, Calibre nmLVS, Calibre xRC, Calibre xACT 3D
- IC Design for Manufacturing tools such as Calibre LFD, Calibre YieldEnhancer and Calibre YieldAnalyzer
- Schematic editors for electronic schematics such as Design Architect IC or DxDesigner
- Layout tools for printed circuit boards with programs such as PADS, Expedition Enterprise and Board Station
- Component library management tools
- IP cores for ASIC and FPGA designs
- Embedded systems Development:
- Mentor Embedded Linux for ARM, MIPS, Power, and x86 architecture processors
- Real-time operating systems:
- Development Tools:
- VPN Solutions:
- Nucleus Point-to-Point Tunneling Protocol (PPTP) software
- Nucleus NET networking stack
- Nucleus implementation of the Microsoft Point-to-Point Encryption (MPPE) protocol
- Nucleus PPP software
- FPGA synthesis tools:
- Precision synthesis - Advanced RTL & physical synthesis for FPGAs
- Electrical Systems, Cabling and Harness design:
- Capital - a suite of integrated tools for the design, validation and manufacture of electrical systems and harnesses
- VeSys - a mid-market toolset for vehicle electrical system and harness design
- Simulation tools for analog mixed-signal design:
- ModelSim is a hardware simulation and debug environment primarily targeted at smaller ASIC and FPGA design
- QuestaSim is a Simulator with additional Debug capabilities targeted at complex FPGA's and SoC's. QuestaSim can be used by users who have experience with ModelSim as it shares most of the common debug features and capabilities. One of the main differences between QuestaSim and Modelsim (besides performance/capacity) is that QuestaSim is the simulation engine for the Questa Platform which includes integration of Verification Management, Formal based technologies, Questa Verification IP, Low Power Simulation and Accelerated Coverage Closure technologies. QuestaSim natively supports SystemVerilog for Testbench, UPF, UCIS, OVM/UVM where ModelSim does not.
- Eldo is a SPICE simulator
- SystemVision is a virtual lab for mechatronic system design and analysis
- ADiT is a Fast-SPICE simulator
- Questa ADMS is a mixed-signal verification tool
- Mechanical Analysis Division (formed from the acquisition of Flomerics in 2008):
- Fluid Dynamics and Heat Transfer tools:
- FloTHERM is a Computational Fluid Dynamics tool dedicated to electronics cooling using parameterized ‘SmartParts’ for common electronic components such as fans, heatsinks, and IC packages
- FloTHERM XT is a electronics cooling CFD tool incorporating a solid modeler for manipulating MCAD parts.
- FloEFD is a ‘design concurrent’ CFD tool for use in early-stage product design and is embedded within MCAD systems such as Solidworks, Creo Elements/Pro, CATIA V5 and Siemens NX
- Thermal Characterization and Thermal Interface Material (TIM) Measurement equipment:
- T3Ster is a hardware product that embodies an implementation of the JEDEC JESD51-1 standard for IC package thermal characterization and is compliant with JESD51-14 for Rth-JC measurement
- TeraLED provides automation of the CIE 127:2007 standard providing total flux, chromaticity and correlated color temperature (CCT) for power LEDs. With T3Ster it provides thermal resistance metrics for LEDs based on the real dissipated heating power.
- DynTIM extends T3Ster, providing a dynamic thermal test station for thermal conductivity measurements of thermal interface materials (TIMs), thermal greases and gap pads.
- Flowmaster is a 1D or system-level CFD solution for analyzing fluid mechanics in complex pipe flow systems (from the acquisition of Flowmaster Ltd in 2012).
- Fluid Dynamics and Heat Transfer tools:
The Veloce product family enables SoC emulation and transaction-based acceleration.
- Siemers, Erik (March 1, 2013). "Mentor Graphics broke sales record in '12, plans to do it again in '13". Portland Business Journal. Retrieved 3 March 2013.
- "MENTOR GRAPHICS CORP 2013 Q3 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. December 4, 2013.
- "MENTOR GRAPHICS CORP 2012 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. March 15, 2013.
- "Company Profile for Mentor Graphics Corp (MENT)". Retrieved 2008-10-06.
- The Mentor Graphics Story copyright 1988 Mentor Graphics Corporation
- JEFF MAPES (February 8, 1996). "Bruggere is latest to aim his wallet at political office". The Oregonian.
- "Cadence Withdraws". Retrieved 2008-09-18.
- "Mentor now owns LogicVision". Portland Business Journal. August 18, 2009. Retrieved 2009-08-22.
- "Mentor Graphics Acquires Valor Computerized Systems, Ltd.".