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Credence Systems  (Stock symbol: CMOS ) Acquired by LTX (2008 $ 176,600,000 )

1421 California Circle
Milpitas, CA 95035
Website Company Summary Management Team

Outside board: (May no longer be on the board) Stephen M. Jennings (Independent Director) Ping Yang (Taiwan Semiconductor Manufacturing) Roger W. Blethen (LTX-Credence Corporation Chairman) Mark S. Ain (Kronos Executive Chairman) Bruce R. Wright (Ultratech CFO) Roger Maggs (Celtic House Investment Partners Partner) Lori Holland (consultant to semiconductor and components manufacturing sec)
Former outside board: Henk Evenhuis (FICO Former CFO) Graham J. Siddall (Credence Systems Former President/CEO);  Richard Beyer (Intersil President/CEO) David L. House (Credence Systems Executive Chairman) Ashok BelaniLavi A. Lev (Credence Systems Executive Chairman) Dipanjan Deb (Francisco Partners Partner) Irwin H. Pfister (SchlumbergerSema CEO) Michael Bosworth (Cadence Design Systems Sr. VP);  Thomas Franz (Intel Corp);  Jos Henkens (Advanced Technology Ventures);  William Howard (Credence Systems);  Robert Kibble (Paragon Venture Partners);  Tom Mees (Kinetix Microsystems);  Jon Tomkins (KLA Former Chairman) Bernard V. Vonderschmitt (Xilinx)

Business description: Credence Systems Corp. (NASDAQ: CMOS) provides strategic, comprehensive ATE solutions and diagnostics and failure analysis solutions to manufacturers of semiconductors used worldwide in computing, consumer, automotive and a variety of other industries. In all markets, accelerated product lifecycles and tighter profitability margins are mandating better cost-performance in test—higher throughput at lower cost, higher-speed technologies and as-needed expansion. Since 1978, Credence has led the industry in redefining value in test. The company's commitment to long-term relationships, innovativeness and support help integrated device manufacturers (IDMs), foundries, OSAT suppliers and fabless chip companies meet their customers' needs by reducing cost-of-test while speeding product introductions with as-needed investment and seamless evolution to next-generation solutions. Our customers equate Credence with value, performance and partnership.
Customers include: AlcatelAtmelBRECIS CommunicationsLogicVisionSamsungSanyoTripath TechnologyVia Technologies;  Advanced Analog Circuits;  Device Engineering;  Fluence Technology;  Grace Semiconductor;  Macronix;  Nantong Fujitsu Microelectronics;  Northrup Grumman;  QP Labs;  Ralink;  Zetex Semiconductors
Partners include: Cadence Design SystemsMentor GraphicsSpiroxSynopsysTektronix;  BridgePoint;  North China University of Technology;  ShibaSoku

Capital raised: 1.0M
Ownership: Acquired by LTX (2008 $ 176,600,000 )
Stock Symbol: CMOS
VCs include: Advanced Technology VenturesMatrix PartnersMayfield Fund;  Paragon Venture Partners
Angels/other VCs: Henk Evenhuis (Lam Research);  Tom Mees
Corporate investors: Tektronics;  Excelsior Private Equity
Private equity: Francisco Partners

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Record updated: Nov 2010
Sector: Semiconductor Equipment
Year Founded: 1978
Headcount: 1251-1600 as of Aug 2007
Capital Raised: 1.0M
Ownership: Acquired by LTX (2008 $ 176,600,000 )
Stock Symbol: CMOS