May. 21 at 9:28 PM
$SVCO “CEO Wally Rhines (1993-2017) rebuilt Mentor through M&A instead, assembling Calibre, PCB tools, embedded software, and automotive electronics into a coherent portfolio. Activist pressure from Carl Icahn (2011) and Elliott Management (2016) eventually pushed Mentor toward a sale, and Siemens acquired it for
$4.5B in 2017 before rebranding it as Siemens EDA in 2021”
From semi-analysis eda primer https://open.substack.com/pub/semianalysis/p/eda-market-primer?r=5np8uv&utm_medium=ios
No other mention but cool to see a nod