Applied Simulation Technology, Inc. began in 1989 as the CAE Division of Contec Microelectronics USA, Inc. In 1996, six individuals acquired the CAE business. The CAE business became an independent company named as Applied Simulation Technology, Inc. Applied Simulation Technology, Inc. immediately formed Applied Simulation Technology, Ltd. as a subsidiary in Japan.. The aim of the company is to develop a suite of products specifically targeted at  providing new capabilities and improving performance, speed, ease of use in Signal Integrity, EMI, Power Integrity and circuit simulation tools. It is the goal of the company to become the market leader in the area of technical innovation and market share for this segment of the EDA industry.