Mentor Graphics will acquire LogicVision. Under the terms of the agreement, LogicVision stockholders will receive 0.2006 of a share of Mentor Graphics common stock for each share of LogicVision, for aggregate consideration of approximately $13 million dollars (as of May 7, 2009). A wholly owned subsidiary of Mentor Graphics will merge with and into LogicVision, with LogicVision surviving the merger as a wholly owned subsidiary of Mentor Graphics.

In December 2008 LogicVision has reviewed a proposal from Virage Logic. For the fiscal year ended December 31, 2008, LogicVision reported revenues of $12.2 million, and a net loss of $3.5 million.