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HPL is a provider of yield optimization software solutions that enable semiconductor companies and flat panel display (FPD) industry to enhance the efficiency of their production process, which consists of design, fabrication and test. The Company's products include a flexible software platform that allow its customers to accelerate the process in which they identify, measure and correct sources of failure in the production process. By accelerating this process, HPL enables its customers to recognize the higher levels of revenue and profitability that are typically associated with the early part of a new semiconductor and FPD product cycle and to improve product quality and production efficiency. Founded in 1989, the company is headquartered in San Jose, California.