ESI Group acquires PRESTO software
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ESI Group acquires PRESTO software

PARIS — (BUSINESS WIRE) — May 13, 2015 — Regulatory News:

ESI Group (Paris: ESI):

A disruptive solution dedicated to the electronic device market

Alain de Rouvray, ESI Group’s Chairman and CEO states: ‘PRESTO’ software from AMOEBA offers the next generation of capabilities for cooling simulation and design optimization, a major concerns for the electronics industry. When integrated into ESI’s end-to-end Virtual Prototyping solutions, PRESTO will represent a major potential for disruptive innovation, addressing the needs of a large category of users presently hindered by the silo approach of the software tools available on the market. Interacting within ESI’s multi-domain modeling solutions, ESI’s new PRESTO solution will fully include cooling within the global design requirements of electronic devices. It will allow simultaneous optimization for performance and fabrication on a single ‘core model’ in a holistic approach, thus achieving considerable benefits on product development cost and time. The exceptional quality of PRESTO’s customers and early industry adopters bodes exceptionally well for the technical and commercial success of this exciting acquisition and business venture.

Furthermore, we are very proud to welcome AMOEBA’s two founding partners: Dr. Sanjay Mathur and Dr. Prabhu Sathyamurthy. These world class Computational Fluid Dynamics experts, renowned in the electronics cooling domain, share with us an enthusiasm for engineering excellence and the earnest pursuit of computational innovation for industrial benefit. Their arrival fully reflects ESI’s commitment to continuously enhance our internal human resources as we strive to bring top class innovation and competitive advantage to our customers worldwide.”

A unique opportunity to address the very dynamic electronics cooling market

AMOEBA Technologies, a private company, has developed PRESTO, a top quality innovative product customized for the electronics market. The acquisition of this product will enable ESI Group to expand its targeted and domain specific positioning in the Computational Fluid Dynamics (CFD) market and more specifically, to the dynamic electronics cooling market, leveraging PRESTO’s prestigious initial client portfolio. Apple, Amazon (Lab123), and Qualcomm are among the early adopters of PRESTO, helping to establish the reputation of the product in the marketplace. On the service side, Google, MagicLeap, and VSN Mobile, are among its initial clients.

Innovative synergies based on a holistic product design and development approach

PRESTO is a highly promising product, already subscribed and validated by some major players who need an innovative CFD solution to steer system integration within the framework of the development of electronic devices such as computers, mobile devices, automotive electronics, medical electronics, data centers, and so on. One of PRESTO's major competitive advantages is an infrastructure with an extremely customizable interface that can meet specific and unique design workflows, making large-scale parametric design space exploration possible at a fraction of time and cost compared to conventional methods. It provides flexibility in its On-demand cloud computing service and is ideally suited for integration and extension within ESI’s Virtual Prototyping platform to promote multi-domain product and process optimization beyond the current constrained focus on cooling.

Integration of two Computational Fluid Dynamics world class experts

Following this acquisition, ESI will hold 100% of AMOEBA’s assets and will integrate the two high caliber co-founders of the company Dr. Sanjay Mathur and Dr. Prabhu Sathyamurthy; renowned, world class experts in the field of numerical simulation and in its specific application to fluid dynamics for the electronics industry.

Value creation perspectives

This operation should be accretive in the short term as PRESTO already benefits from revenues from its commercial base at an initial stage presently limited in the USA. ESI Group intends to actively promote this new generation cooling optimization product and solution worldwide, and to extend it to the disruptive innovation benefits for industry of the multi-domain ‘as built, as tested’ Virtual Prototyping approach pioneered by ESI. Such advanced Virtual Engineering strategy is already largely deployed in the Transportation industry but is yet to be significantly adopted by the electronic device manufacturers and therefore creates a great market opportunity.

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About AMOEBA Technologies Inc.

Amoeba Technologies Inc., a self-funded and privately-held Delaware company headquartered in Austin, TX, USA, was started in April 2007 with a goal to deliver the next generation CFD technology and a new business model. Sanjay Mathur and Prabhu Sathyamurthy are both 20 year plus veterans of commercial CFD software and business development at Fluent Inc. They have been developing this platform to address three critical needs of the commercial CFD world - easy access, flexible licensing, and built-in sensitivity analysis technology. This will save a tremendous amount of time, effort, and money in large-scale simulation projects without doing multiple simulations to explore the design space. A partial list of the customers includes Apple Inc, Aavid, Activision, BlackSand, Broadcom, DOC, Google Inc, Midrex Technologies Inc, Pixtronix, Shell, SurfaceInc, Tipping Point (Hewlett Packard), and Zebra Imaging.

About ESI

ESI is a world-leading provider of Virtual Prototyping software and services with a strong foundation in the physics of materials and Virtual Manufacturing.

Founded over 40 years ago, ESI has developed a unique proficiency in helping industrial manufacturers replace physical prototypes by virtually replicating the fabrication, assembly and testing of products in different environments. Virtual Prototyping enables ESI’s clients to evaluate the performance of their product and the consequences of its manufacturing history, under normal or accidental conditions. By benefiting from this information early in the process, enterprises know whether a product can be built, and whether it will meet its performance and certification objectives, before any physical prototype is built. To enable customer innovation, ESI’s solutions integrate the latest technologies in high performance computing and immersive Virtual Reality, allowing companies to bring products to life before they even exist.

Today, ESI’s customer base spans nearly every industry sector. The company employs about 1,000 high-level specialists worldwide to address the needs of customers in more than 40 countries.

ESI is listed in compartment C of NYSE Euronext Paris and is granted “Entreprise Innovante” (Innovative Company) certification since 2000 by Bpifrance. ESI is eligible for inclusion in FCPI (venture capital trusts dedicated to innovation) and PEA PME.

2014 awards: winner of the 2014 ASMEP-ETI/Bpifrance award in the Innovation and industrial strategy category and of the Grand Prix des Entreprises de Croissance, in the Software and IT Services category and winner of the “Ambitions d’Entrepreneurs” trophy in the International category.

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