Q3 2007 :Envy with Green(tech) - Part 2:

Congratulations to Sierra Design Automation on its acquisition by Mentor Graphics. Mentor Graphics has strengthened its tool line up by acquiring RTL-to-GDSII vendor Sierra Design Automation for $90 million. The acquisition makes Mentor a direct competitor with Cadence, Synopsys, and Magma in traditionally the most lucrative segment of EDA, digital IC implementation tools. The acquisition will bring Sierra’s formidable Pinnacal suite to Mentor, which includes physical synthsesis, floorplanning, and place and route technology to complement Mentor’s flagship Calibre DRC/LVS tools. As a 60 plus-person start-up, Sierra had already broken into large accounts including AMD, ATI, Microelectronics, and LiteScape, Genband, and Xambala for their respective financings. LiteScape raised more than $11 million in a Series B Round. Investors included Blumberg, Softbank, Vedanta, and TeleSoft. Genband raised over $12 million in an extension of its Series C Round. Contributing to the round were Granite Global, HLM, Invesco, Investcorp, Intel, Oak, Sevin Rosen, Siemens, Trellis, Venrock, and TeleSoft. Xambala raised more than $4 million in a first closing of its Series C Round. Egora, Jafco, Mohr Davidow Ventures, and TeleSoft participated in the round.