WILSONVILLE, Ore., June 7, 2004 - Mentor Graphics Corporation (Nasdaq: MENT) today announced that it has entered into an agreement to acquire 0-In Design Automation, Inc., the industry-leading provider of assertion-based and formal verification solutions. Terms of the deal were not disclosed.
"The acquisition of 0-In and their talented technical team will significantly extend Mentor Graphics' leadership in solving the difficult problems of design verification. Customers require a clear and unified approach to assertion-based verification," said Robert Hum, vice president of the design verification and test division. "With the inclusion of 0-In's assertion and formal verification technology, as well as products under development, Mentor Graphics' Scalable Verification platform will become a leader in assertion-based verification."
Mentor Graphics® will continue to support 0-In's existing line of products and customers and will expand distribution and support of these products with Mentor Graphics' global sales and support organization. 0-In products will become part of the Mentor Graphics Scalable Verification platform offering a complete range of integrated verification technologies including simulation, assertions, formal verification, emulation, and hardware-software co-verification.
"Mentor Graphics and 0-In are a great fit. The combination of our superior technical teams will be a powerful force for innovations in the marketplace," said Steven D. White, 0-In's president and CEO. "The companies share a clear vision of the technology and methodology required to eliminate the functional verification bottleneck. In addition, both companies are committed to the support of industry standards and interoperability that provide customers the freedom to choose best-in-class tools."
About 0-In Design Automation
0-In Design Automation, Inc. (pronounced "zero-in") is a privately held electronic design automation (EDA) company providing functional verification products that help verify multi-million gate application-specific integrated circuit (ASIC) and system-on-chip (SoC) designs. 0-In was founded in 1996 and is based in San Jose, California.
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 about $675 million and employs approximately 3,700 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.