The story
Founded in 1978 by David Mees as Semiconductor Test Solutions, the company changed its name to Credence after acquiring Axiom and ASIX in 1990. The company's initial public offering was completed on October 28, 1993. It was publicly traded on the Nasdaq stock market under the symbol CMOS.
In November 2002, Credence Systems acquired the startup Optonics(based in Mountain View, California) which made failure analysis systems.
In February 2004, Credence Systems acquired semiconductor-testing company NPTest Holding Corp. in a stock-and-cash deal valued at about $660 million. NPTest was previously part of Fairchild Semiconductor, acquired by Schlumberger in 1979, and was spun off as NPTest Holding in 2003.
On June 22, 2008, competitor LTX signed a merger agreement with Credence Systems Corporation: LTX CEO and President David Tacelli became CEO of the merged company.
On August 29, 2008, LTX and Credence Systems Corporation complete merger to form LTX-Credence Corporation (NASDAQ: LTXC).
On November 18, 2010, Verigy and LTXC agreed on a merger/acquisition operation, the new company will be operated under Verigy name.
On March 27, 2011, the merger agreement with Verigy was terminated as Verigy accepted a merger offer from Advantest. LTXC decided to remain a stand-alone company.
From Wikipedia’s article on Credence Systems, shared under CC BY-SA 4.0.3