News blog

Flomerics

  • BY: Andrew Hore |
  • POSTED: 17/03/2008 |

Nasdaq-quoted Mentor Graphics has bought a 20.1% stake in electronic simulation software developer Flomerics.

Oregon-based Mentor is an electronic design automation business. It offers software and hardware products that help companies design new electronic products more quickly and cheaply. It has annual revenues of around $880m (£438m) – service and support revenues account for just under two-fifths of this. In contrast, Flomerics has revenues of less than £17m.

Flomerics shares rose 7p to 60.5p. That values the company at £13.1m. Mentor has just over $126m (£63m) of cash in the bank. 

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds