IAR signs million dollar contract

Sweden-based IAR has signed a contract with a major semiconductor manufacturer. From the looks of the press release the contract has some NRE, as well as tools licenses for the semiconductor manufacturer. In 2006, IAR will offer a new product in its Embedded Workbench line as part of the agreement.

IAR Systems AB was acquired by Nocom AB in Q1 2005 and has since been delisted from the Stockholm Stock Exchange O-list. IAR has been struggling for some time now, but its tools have always been very highly rated in VDC surveys. Perhaps this contract will be part of the turnaround.