Mentor Graphics Expands Automotive Linux Infotainment Business

WILSONVILLE, Ore., February 21, 2013—Mentor Graphics Corporation (NASDAQ: MENT) today announced that is has expanded its automotive business unit by purchasing certain assets from MontaVista, LLC. This establishes Mentor Graphics as the number one commercial provider of Linux®-based automotive in-vehicle infotainment (IVI) solutions. Once integration is complete, the Mentor Graphics® automotive infotainment solution will feature the combined capabilities of the MontaVista Automotive Technology Platform (ATP) and the Mentor® Embedded Infotainment Base Platform and will be paired with sophisticated development tools including Sourcery™ CodeBench and Sourcery Analyzer.

“The integration of the MontaVista Automotive assets and Mentor Graphics automotive businesses will give us an unparalleled, industry-leading engineering team,” stated Mark Mitchell, general manager of Mentor Graphics Open Source Embedded Solutions. “Our combined Linux- and Android-based automotive infotainment platform, together with our Sourcery CodeBench development tools and our extensive professional services capability, will allow us to more closely collaborate with automotive OEMs and Tier 1 suppliers to build next-generation automotive infotainment systems.”

Today, Mentor and MontaVista Automotive IVI assets are in production at three automotive OEMs. They are in active development for next-generation vehicles by seven automotive Tier 1 suppliers and will go to production with additional OEMs within the year. Mentor Embedded is now the largest commercial automotive IVI Linux supplier and is strongly positioned to meet the increasing worldwide demand for Linux- and Android-based IVI system development.

Mentor Graphics has led the standardization of Linux for automotive IVI applications, with executives serving on the boards of directors and actively contributing to numerous technical working groups, including SAE International, AUTOSAR and the GENIVI Alliance. With over 45 million automobiles sold each year, auto manufacturers are keenly aware of the impact of IVI systems as a key differentiator with consumers. This includes the need to integrate technologies such as voice-recognition, touch screens, web browsing, GPS, and connectivity between automobile and smartphones—all dependent on embedded software.

The GENIVI Alliance is driving standards for the broad adoption of open source IVI development platforms; Mentor has been elected to its board of directors. All of the platforms are designed to be custom-tailored to meet the unique needs of each OEM and Tier 1 supplier. Mentor provides an extensive professional services team to work in partnership with customers to develop customized and differentiated IVI solutions in the highly competitive automotive market.

About Mentor Embedded

The Mentor Graphics Embedded Software Division enables embedded development for a variety of applications including automotive, industrial, smart energy, medical devices, and consumer electronics. Embedded developers can create systems with the latest processors and micro-controllers with commercially supported and customizable Linux based solutions including the industry leading Sourcery CodeBench and Mentor Embedded Linux products. For real-time control, systems developers can take advantage of the small-footprint and low-power-capable Nucleus® RTOS. For more information, visit www.mentor.com/embedded.

(Mentor, Mentor Graphics, and Nucleus are registered trademarks and Sourcery is a trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owner.)

The registered trademark Linux® is used pursuant to a sublicense from LMI, the exclusive licensee of Linus Torvalds, owner of the mark on a world-wide basis.

About Mentor Graphics

Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronic, semiconductor and systems companies. Established in 1981, the company reported revenues in the last fiscal year of about $1,015 million. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com.