Cognex is the Market Leader in Vision Systems!

Cognex Becomes a Market Leader in Vision Systems!

In 2004, Cognex was invited to open trading at Nasdaq in
celebration of its 15th year as a publicly-traded company.

Cognex’s OEM-focused strategy paid off. In early 1987, the company became profitable for the first time in its history. Cognex went public on the NASDAQ exchange in 1989, at $1.38 per share. Within one year, the stock price had tripled.

Cognex set about growing its business in this period by expanding internationally.

In 1989, Cognex opened its first international office in Munich, Germany.  In 1990, Cognex established a Tokyo-based subsidiary, Cognex KK, to serve the company’s rapidly growing business with large semiconductor and electronics capital equipment makers in Japan.  Today, Cognex has more than 20 offices throughout North America, Europe, and Asia to serve its worldwide customer base, and hundreds of distributors around the world that carry Cognex Vision Systems.

In 1995 the company also made the first of many acquisitions when it purchased Acumen, a U.S. based developer of wafer identification equipment for the semiconductor industry. Acquisitions have played an important role in the company’s growth, and enabled Cognex to enter new markets for Vision Systems such as surface inspection, and vehicle vision.