Mentor Graphics to Acquire ESL Products from Agility, Agility to Close

Yesterday, Mentor Graphics announced that it would be acquiring the high level synthesis technologies of Agility (previously from Celoxica). The acquisition, along with its existing Catapult C solutions, further strengthens Mentor's current leadership position within the ESL synthesis space. Mentor plans to also acquire key employees related to the product line.

Earlier in the week, Agility had indicated in an EE Times article that it would shortly be confirming the sale and that, as the company was unable to renegotiate its line of credit or find new financing, it would soon be ceasing its operations. Its MATLAB to C translation products (previously from Catalytic) will be sold at auction on January 28th.