IMS designs, manufactures, markets and services a family of engineering test stations and related test software, including the Logic Master XL Test Station and the ATS Blazer Test Station, used to test and measure complex electronic devices. In addition, IMS develops, markets and supports Virtual Test Software products that permit design and test engineers to automate manufacturing and engineering test program development and to conduct simulated tests of electronic device designs prior to the fabrication of the prototype of the actual device.
During their IPO (7/21/1995) 375,000 shares were sold by IMS and 2,225,000 shares were sold by Cadence. At this point cadence continued to own about 60% of the company. In 1997, Cadence sold additional shares reducing their ownership to 37% for approximately $18.6M
