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Siemens will retire Mentor Graphics name

Siemens will retire Mentor Graphics name
Updated Jan 08, 2021;
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Siemens, the German industrial giant that bought Mentor Graphics in 2017, said Friday that it will retire the Wilsonville company’s name this month and rename the business Siemens EDA.
Founded in 1981 by nine Tektronix alumni, Mentor grew into one of the Silicon Forest’s largest companies. Its $4.5 billion sale was the biggest deal for an Oregon tech business until this week, when Flir Systems – whose Wilsonville office adjoins Mentor’s campus – sold for $8 billion.
Mentor makes electronic design automation software (EDA), which engineers use to design semiconductors, aircraft, cars and other complex products. Siemens retained Mentor’s bucolic, 53-acre Wilsonville campus, which employed about 1,000. ....

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Online banker Simple, once among Portland's most promising tech companies, is closing down

Online banker Simple, once among Portland’s most promising tech companies, is closing down
Updated Jan 08, 2021;
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Online banker Simple, one of Portland’s most prominent tech businesses for the past decade, is shutting down as part of its parent bank’s own sale process.
Simple notified employees of the pending closure Wednesday and told customers Thursday, calling it a “strategic decision.” Simple told clients it will transfer their accounts to BBVA but set no timetable for the change.
In November, BBVA announced it would sell its U.S. business to PNC Financial Services Group for $11.6 billion.
“We’re focused on the things that make the most sense for the company’s future whether on a standalone basis or a potentially combined basis with PNC,” BBVA said in a written statement Thursday. BBVA is also shutting down two other financial technology services it owns, Azlo and Open Platform. ....

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