Summit and OrCAD fail

Summit and OrCAD fail
Richard Ball The merger between design tool firms Summit and OrCAD has been cancelled. Both firms had poor revenues in the latest quarterly results which altered the values of the companies. “There was some discussion about the purchase price and we also discovered we have different cultures and ways of thinking,” explained Rich Davenport, Summit’s chief operating officer. “A re-negotiation was pursued and that failed.”


Leave a Reply

Your email address will not be published. Required fields are marked *

*