By Dean ~ January 21st, 2009. Filed under: Industry.
Although our little corner of the world is frantic with activity and, hopefully, momentum, it’s still a relatively small corner, so it’s particularly disconcerting to hear about the demise of an able competitor, like Agility DS (web site is gone), especially a local (Palo Alto) one. According to Gabe Moretti‘s recent story in EETimes:
“Agility DS has become a victim of the serious financial situation enveloping the banking and investment industries, proving that the EDA industry is not shielded from the worsening financial environment. It will cease its operations in the very near future, as it was unable to either renegotiate its line of credit or obtain further capital investments. Agility’s products have been successful in the market, and the company has an impressive list of high profile customers, both in the USA, Europe, and Asia that has attracted the interest of potential buyers.”
Let me emphasize that last bit, “Agility’s products have been successful in the market, and the company has an impressive list of high profile customers.” Here, we seem to have a company with good products, in what we hope is a rapidly growing industry, but they couldn’t make a go of it. Sad…