|[October 24, 2013]
ESI Group: Acquisition of CyDesign Labs. Inc., A Lead Innovator in Systems-modeling
PARIS --(Business Wire)--
ESI (News - Alert) Group (Paris:ESI), pioneer and world-leading provider of Virtual
Engineering solutions, today announces the acquisition of CyDesign Labs,
a US company based in the Silicon Valley that owns a disruptive
proprietary technology for advanced product design. Aligned with ESI
Group's proven strategy that fosters the gradual elimination of physical
prototypes, this acquisition brings a major technology leap to
accelerate industrial product and process development.
Founded in 2011, CyDesign, a start-up company, was awarded a significant
contract in early 2012 by the United States Defense Advanced Research
Projects Agency (DARPA) to support the Fast, Adaptable, Next-Generation
Ground (FANG) Challenge. The FANG program undertakes a novel approach to
the design and manufacturing of complex defense systems through a series
of prize-based design competitions leveraging novel tools developed
under the DARPA META program. Earlier this year, CyDesign successfully
delivered a cloud-based system modeling platform for use by FANG
Challenge registrants. Please visit vehicleforge.org for
more information about the FANG program.
Alain de Rouvray, ESI Group's Chairman and CEO, says: "This
acquisition is poised to allow ESI Group to expand its user base to all
players involved in creating industrial products - adding a seamless
collaborative environment between specifiers, inception designers, and
validation engineers. CyDesign Labs' collaboration with DARPA has proven
the relevance of combining 0D-1D simple design tools with traditional
advanced 3D simulation. This operation represents a unique opportunity
for ESI to leapfrog and actively contribute to the grand challenge of
the 4th industrial revolution."
Dr. Serdar Uckun, founder and CEO of CyDesign Labs, adds: "We are
very proud to be joining ESI Group, a world class leader with whom we
share a passion for innovation and technological excellence. This
new technology we recently created within a ca. 40 man year concentrated
effort will benefit from extensions, industrialization and
commercialization by ESI, to which we could not aspire while we remained
independent. Together, we will now develop the next generation of
virtual engineering software to improve the creation process of
innovative industrial products."
ESI Group is now positioned right from the product inception phase
CyDesign Labs core capabilities enable an organization to address a
series of design challenges of increasing complexity, while leveraging
fab-less design, foundry-style manufacturing, and crowd-sourced
innovation models to control in real time manufactured products from
their very first digital models. This provides designers using simple
0D-1D models with the possibility of validating collaboratively on line
the compliance of a product, as a system or as one of its components,
with respect to environmental, safety, comfort, and other multiple
performance requirements as well as technical standards, right from the
beginning of design. Furthermore, the solution from CyDesign Labs
combined with ESI solutions makes it possible for designers to connect
'live' with the 3D models of CAE engineers.
This evolution will allow ESI Group to provide its customers with a more
comprehensive offering that covers the entire value chain of a product:
from inception to verification, validation and certification. This
extension of ESI Group's past focus on validation does position the
company higher in the product value chain and it is expected to
stimulate the interest of players who are either seeking to or are
currently migrating towards End-to-End Virtual Prototyping.
Crowd-sourced and 'Modelica' based models
By intensifying the use of 'open source' models, CyDesign Labs
smartly meets the expectations of industrialists who wsh to carry out
product development in an open and collaborative mode that can be more
easily adapted to the evolution of their multiple and interacting
requirements. For example 'Modelica', a modern modeling and
simulation language standard supported by CyDesign Labs, already brings
together a sizeable industrial community of users and developers without
the impediment of proprietary formats.
A solution accessible via the Cloud and in SaaS (News - Alert)
CyDesign Labs' future solutions will be marketed in the form of user
licenses. They will provide substantial flexibility in terms of IT
resources with access via internal or external Cloud mode, thus enabling
workgroups of up to hundreds of users to be brought together within a
single virtual environment. The acquisition of CyDesign Labs is a
logical next step following the technology investments already
undertaken by ESI Group that are aimed at developing access to ESI's
solutions in Cloud mode. Indeed, the Group's ambition is to accompany
its customers towards a Software-as-a-Service (SaaS) marketing model and
to eventually deploy all of its solutions on the Cloud.
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 (News - Alert), CA, USA and has offices in Coventry, UK. The company was
founded in 2011. For further information, go to www.cydesign.com.
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.
ESI is on Twitter,
1 Crowd-sourcing consists of building upon the creativity,
intelligence and know-how from a large number of web users at little cost
is the leader and a pioneer in virtual prototyping solutions.
Stock market information
Listed on compartment C of the NYSE Euronext Paris ISIN
Bloomberg (News - Alert) 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)
Our Press Section can be found at www.esi-group.com
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