ICSENSE REPORTS RECORD GROWTH
IC design and supply company ICsense concludes its 10th year of operation with 35% EBITDA growth.
LEUVEN, Belgium (Sept 29th 2015) – ICsense, a leading mixed-signal ASIC design and supply company, today announced the financial results of its 10th fiscal year. The company reports 35% operating cash flow growth, a 16% increase in revenue, and a team expansion to 55. This growth affirms its position as the largest fab-independent mixed-signal IC design group in Europe. The achievements were acknowledged by business analysts such as Ernst & Young (“most promising company 2014”-nomination), Deloitte (Fast50) and Trends (Gazelle).
ICsense’s latest financial year was the strongest ever as a result of a growing customer base worldwide (especially Japan and the US) and as a consequence of its reputation for first silicon success. CEO Bram De Muer comments; “We particularly saw a strong demand in automotive ISO26262 compliant ASIC design and supply projects for i.a. crankshaft, drive by wire and vehicle communication (CAN, SENT, J1850 interfaces). These come in addition to the specialised medical designs (ISO 13485) such as an advanced electronic therapy adherence patch and industrial ASICs where functional safety is key (IEC61508).”
ICsense has doubled its digital IC design team to tackle the increasing amount of digital signal processing required in today’s ASICs. In Q4, the company will move to a larger office able to accommodate close to 100 engineers and with a lab space of more than double the area available today. In addition, ICsense has added an HR manager and a financial and supply coordinator.
“In the first half of 2015 alone, we have won 2 long-term supply contracts where we will develop and supply a custom mixed-signal ASIC exclusively for these customers. These project wins fit perfectly in our 5-year plan to double our revenue by expanding the exclusive ASIC design and supply business on top of our custom IC design services,” concludes Bram De Muer.
About ICsense:
ICsense is Europe’s premier IC design company focused on right first time program execution. ICsense’s core business is ASIC design and supply and custom IC design for automotive (ISO26262), medical (ISO13485), industrial (IEC61508) and consumer (ISO9001) applications. ICsense has the largest fab-independent European design group with world-class expertise in analog, mixed-signal and high-voltage IC design. The company supplies high quality, cost-efficient custom ASIC solutions and has built an enviable reputation for tackling first-of-a-kind design projects.