Expert Dynamics develops software for simulation of printed circuit boards.
In its second acquisition of an Israeli company in a week, Mentor Graphics Corporation (Nasdaq: MENT), has signed an memorandum of understanding (MOU) for the acquisition of Israeli start-up Expert Dynamics Ltd. for $2.5 million and up to $10 million in future royalties. Incubator Maayan Ventures Ltd. (TASE:MAYN) owns 27.9% of Expert Dynamics, which develops software for simulation of printed circuit boards (PCB).
Earlier this week, Mentor Graphics acquired Valor Computerized Systems Ltd. (XETRA: VCR) for $81 million.
According to IVC Online, Expert Dynamics has raised $1.4 million from Maayan, Start-Up Factory, and private investors since it was founded by CEO Rami Varon and VP Liliya Varon in 2003.
Published by Globes [online], Israel business news - www.globes-online.com - on October 15, 2009
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