Simulation Technology and Applied Research Inc. (STAAR), a Mequon-based developer of 3D tools for electromagnetic simulation used in subsystems that operate at radio and microwave frequencies, has been acquired by AWR, an El Segundo, Calif.-based firm that specializes in electronic design automation software.
All of STAAR's six employees, including founder John DeFord, will remain with the company, which has retained its name and Mequon location at 11520 N. Port Washington Road. STAAR is now an affiliate company within AWR.
"AWR has acquired the technology we developed and its people - both were important in the acquisition," DeFord said. "Our expertise is in 3D electromagnetic modeling, something their customers were asking for."
The acquisition will enable STAAR's employees to concentrate on electromagnetic modeling, DeFord said, and AWR's established sales force creates significant growth potential for STAAR.
"As a stand-alone company, we had a product but no sales channels," he said. "Now we can run the company more or less as we did before, but we don't have to worry about the sales side. We're able to focus on the technology."
Financial terms of the acquisition were not disclosed.
California company acquires Mequon firm
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