Worldwide industrialization and commercialization
ESI Group is convinced of the major benefits that the integration of CyDesign disruptive technology into ESI solutions will provide for its customers and partners. This will also enable CyDesign to benefit from ESI’s complementary technologies and its distribution network around the world. Every sector of industry will be concerned but we expect particular growth in the automotive, aeronautical and defense sectors where advanced numerical technologies are already deployed and have proven their unique worth.
Terms of the operation
With this operation, ESI will hold 75% of CyDesign Labs’s equity and will proceed to integrate the present team of high level experts in the USA and UK. In 2017 ESI Group will have the possibility to acquire the balance of equity.
About CyDesign Labs, Inc.
CyDesign Studio is the only model-based design optimization software platform with integrated requirements management that enables organizations to design complex systems with better and faster results. The CyDesign platform helps engineers gather requirements, link them to system designs, explore the trade space of design alternatives, assess the viability of these alternatives, and provide objective guidance resulting in a much better final product. CyDesign Labs is headquartered in Palo Alto, CA, USA and has offices in Coventry, UK. The company was founded in 2011. For further information, go to www.cydesign.com.
ESI is a pioneer and world-leading provider in Virtual Prototyping that takes into account the physics of materials. ESI boasts a unique know-how in Virtual Product Engineering, based on an integrated suite of coherent, industry-oriented applications. Addressing manufacturing industries, Virtual Product Engineering aims to replace physical prototypes by realistically simulating a product’s behavior during testing, to fine-tune fabrication and assembly processes in accordance with desired product performance, and to evaluate the impact on product use under normal or accidental conditions. ESI’s solutions fit into a single collaborative and open environment for End-to-End Virtual Prototyping. These solutions are delivered using the latest technologies, including immersive Virtual Reality, to bring products to life in 3D; helping customers make the right decisions throughout product development. The company employs about 1,000 high-level specialists worldwide covering more than 40 countries. ESI Group is listed in compartment C of NYSE Euronext Paris.
For further information, visit www.esi-group.com.
1 Crowd-sourcing consists of building upon the creativity, intelligence and know-how from a large number of web users at little cost
ESI is the leader and a pioneer in virtual prototyping solutions.
Stock market information
Listed on compartment C of the NYSE Euronext Paris ISIN FR 0004110310
Bloomberg ESI FP
Granted “entreprise innovante” (innovative company) certification on January 20, 2000 by OSEO, ESI Group is eligible for inclusion in FCPI (venture capital trusts dedicated to innovation).
Revenue for the 3rd quarter of 2013/14 will be published on December 12, 2013 (after market)
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