Date: Dec 15, 2003 Source: Business Wire (
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WILMINGTON, Mass.--(BUSINESS WIRE)--Dec. 15, 2003--IntelliSense Software Corporation announces that it has acquired the software business unit assets of Corning IntelliSense, a subsidiary of Corning Incorporated (NYSE: GLW). The newly formed IntelliSense Software Corporation (ISC) is headed by the original members of the IntelliSense Software team.
IntelliSense Software Corporation is continuing the development of the leading CAD tool for MEMS. IntelliSense Software will provide all of the existing software customers continued support to the software products.
"Over the years IntelliSuite has grown to become the leading software for MEMS. We are committed to continuing to provide incomparable value to the MEMS community. We are delighted to have Yie He, the original architect of IntelliSuite, joining us to lead the development of the leading CAD tool for MEMS," remarked Sandeep Akkaraju, CEO of IntelliSense Software Corporation.
IntelliSuite enables its users to rapidly design new MEMS products by providing high-end simulation and analysis capabilities for MEMS fabrication processes, as well as device / package performance. Optimized process flows and chip designs allow for faster commercialization of MEMS-based products.
"We are pleased to announce the completion of the sale of the software business unit. This sale ensures the smooth transition of the IntelliSuite(R) family of products to the original authors of the software," remarked David Hill, President, Corning IntelliSense. "IntelliSense Software is led by veterans of the MEMS industry. We are making sure that our customers from across the globe have access to the same level of technical support that made us a market leader in CAD for MEMS."
In September, 2003 it was announced that Corning IntelliSense would discontinue its business operations and seek a buyer for certain assets, including its software business.
About IntelliSense Software Corporation
IntelliSense Software Corporation is now the leading supplier of CAD tools for MEMS. IntelliSense Software is headed by former members of IntelliSense Corp. Its IntelliSuite family of CAD for MEMS is used by corporations worldwide. With customers in 17 countries on three continents, and partnerships with dozens of leading MEMS research institutes worldwide, IntelliSense Software is the leading innovator in MEMS design and development.
Contacts
IntelliSense Software
Sandeep Akkaraju, 617-515-7915
sakkaraju@intellisensesoftware.com
or
Corning IntelliSense
David Hill, 978-988-8000
