Following ESI’s recent successful acquisition and integration of OpenCFD, specializing in developments and services for OpenFOAM®, an open source software for broad band numerical simulation in the field of Fluid Mechanics, this current operation substantiates the Group’s commitment to the open source business model to foster the disruptive moves that will democratize Virtual Engineering solutions “for all”. It will provide beneficiaries with greater freedom to customize applications and to tailor them to their own flexible and affordable needs. In this regard, Scilab’s incorporation into ESI’s global eco-system is expected to be a major catalyst in easing and speeding up the digital transformation of innovative industrial product development.
Multiple technological and commercial synergies
Scilab Enterprises is naturally synergetic with ESI Group, both in technology and business opportunities. The existing ESI Cloud offering will be greatly boosted by this acquisition and by Scilab’s reputation with a very large global community of users in diverse industries and academic circles. It also represents a major asset that will help to increase ESI’s global visibility and eventually to unlock valuable commercial opportunities. Moreover, the dynamic presence of Scilab in the educational community worldwide will immediately expand ESI’s footprint in that all important sphere.
Financial aspects of the operation
The operation is being financed mainly by the transfer of some ESI Group treasury shares to the shareholders of Scilab Enterprises. Scilab’s development platform and team will be rapidly integrated into ESI’s operating structure.
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2016 annual sales:
March 14, 2017
2016 annual results:
April 19, 2017
April 20, 2017
About Scilab Enterprises
As publisher of Scilab modeling and simulation software, Scilab Enterprises has a small expert team with a unique mix of applied mathematicians and computer science engineers. Scilab is an open source software used widely in the scientific & engineering community (100 000 downloads every month worldwide). Scilab is used for modeling & simulation and scientific post-processing in industrial companies as well as in education & research. Scilab Enterprises offers on the one hand professional services in numerical computing and on the other hand provides the Scilab Cloud platform for the cloud deployment of scientific and engineering applications.
For more information, please visit http://scilab.io/
ESI Group is a leading innovator in Virtual Prototyping software and services. Specialist in material physics, 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.
Coupled with Virtual Reality, animated by systems modeling, and benefiting from data analytics, Virtual Prototyping has become immersive, shared and interactive. ESI’s customers can bring their products to life, ensuring reliable ‘as built’ performance, serviceability and maintainability. ESI solutions help world-leading OEMs and innovative companies anticipate and make sure that their products will pass certification tests - before any physical prototype is built - and that their new products are competitive when entering their market space.
Recently, ESI has undertaken a major transformative adaptation of its
Virtual Prototyping solutions into “Hybrid Virtual Twins”, to enter the
new paradigm of “Product Performance Lifecycle” (PPL), which addresses,
beyond the development phase, the life of the new product in its full
operational cycle from launch to retirement. Riding the new age of
ubiquitous sensors connected to the Internet of Things (IoT), PPL
answers the emerging needs of industrial manufacturers to relentlessly
create innovative products that are smart, assisted and autonomous.