Celestica acquires CoreSim
Aug 05, 2005
CoreSim and Celestica combine expertise to create an unique design offering to deliver unparalleled value to OEMs
Celestica Inc. (NYSE: CLS, TSX: CLS/SV) announced that it has acquired CoreSim, a leader in advanced design analysis and redesign services. CoreSim will strengthen Celestica's design services offering by adding intellectual property, including its unique engineering tools and processes that enable electronic design projects to be delivered on-time and at a reduced cost. Based in Ottawa, Ontario, Canada, CoreSim currently provides services to some of the world's leading OEMs.
CoreSim will enhance Celestica's design offering through its proprietary tool, Schematic Modeling, a model-based tool that identifies wiring and technology issues in schematics. Through this tool, CoreSim provides design analysis which independently verifies and validates pre-layout customer designs to assist in keeping engineering projects on-time and within budget. This approach also offers customers rapid design verification which reduces costly design respins; produces well-margined designs that are 'right the first time'; reduces errors in schematic capture; facilitates custom verification; and, significantly shortens the overall development process.
"CoreSim's proven track record of delivering innovative design processes and tools to the telecommunications, aerospace and defense, and enterprise markets will complement our current design services offering," said Dave Tiley, senior vice president, Global Services, Celestica. "This acquisition will enable us to offer our customers reduced cost on redesigns, faster time-to-market on new products and assist with product design innovations."
For existing products, CoreSim's design services include complex hardware cost reduction, or component obsolescence retargeting, without software changes. CoreSim will deliver further strength to Celestica's design offering through its System Integrity Analysis, Board Static Timing Analysis, Real Time System Vector Capture and Hardware Modeling, which create accurate models of hardware/software functionality and parametric operating margins, resulting in reduced design costs for customers. CoreSim's unique services also enable redesign of products whereby critical information is not available and redesign for RoHS compliance.
"Our unique design tools and processes, combined with Celestica's existing design capabilities, expertise in supply chain management and end-to-end manufacturing services, will provide OEM customers with a truly differentiated and competitive offering," said Jim Whiteside, chief technology officer, CoreSim. "We are happy to join Celestica and look forward to being part of the company's expanding design business."
Celestica's global design services offering leverages the company's depth of experience in supply chain management, leading IT solutions and electronics manufacturing services to provide customers with seamless product lifecycle design solutions on a global basis. Celestica boasts strong design capabilities based on its engineering heritage, including design collaboration, design-for-test and design-for-manufacture. The result is a competitive advantage for OEM customers through faster time-to-market, lower product life cycle costs and innovative solutions for a wide range of product designs.
For more information on CoreSim, please visit www.coresim.com