They commercialized their research by forming Embedded Solutions Limited (ESL) in 1999 which was renamed Celoxica in September 2000.
In 2008, the embedded systems departments of Celoxica was sold to Catalytic for $3 million and which later merged to become Agility Computing.
[2] Celoxica continues to trade concentrating on hardware acceleration to process transactions in the financial sector and other industries.
[3] C to HDL techniques are most commonly applied to applications that have unacceptably high execution times on existing general-purpose supercomputer architectures.
Examples include bioinformatics, computational fluid dynamics (CFD),[clarification needed] financial processing, and oil and gas survey data analysis.