Regulatory News:
ESI Group (Paris: ESI):
A breakthrough solution dedicated to the market of electronic devices
- A unique opportunity to address the growing market of cooling electronic devices
- Innovative synergies based on a holistic approach to the design and product development
- Integration of two international experts in fluid mechanics
- value creation Perspectives
Alain de Rouvray, Chairman and CEO of ESI Group, said: The PRESTO AMOEBA software allows access to the new generation cooling simulation and optimization of the design, a subject of major and growing concern for the electronics industry. Once integrated into the complete virtual prototyping solution ESI, PRESTO offer a breakthrough innovation to a wide range of users, currently penalized by the “silo approach” of the software tools available in the market. Which interact with the multi-domain modeling solutions ESI, ESI PRESTO new software will fully integrate the cooling in the overall design specifications electronic equipment. With simultaneous optimization of performance and manufacturing on a single simulation model and as part of a comprehensive, PRESTO will reduce product development time and thus achieve substantial savings. The exceptional quality of PRESTO customers and their adoption of the first industrial solution is very auspicious for the technological and commercial success of this acquisition.
We are also very proud to welcome the two founders of AMOEBA: Dr. Sanjay Mathur and Dr. Prabhu Sathyamurthy, two internationally renowned experts in computational fluid dynamics and particularly noted in the field of modeling of cooling electronic devices. They share the same enthusiasm for industrial excellence and determination to seek innovative digital solutions. Their arrival in the team demonstrates the willingness of ESI constantly improve its internal resources to bring innovations of the highest order for our industrial customers worldwide. “
A unique opportunity to address the growing market of cooling electronic devices
The company AMOEBA Technologies has developed a high innovative product range, named PRESTO, specially adapted in the electronics industry. The acquisition of this product will allow ESI Group to extend its positioning focused and specific to a particular segment of the numerical simulation of fluid dynamics market and, specifically, the buoyant cooling in the electronics field , building on the initial portfolio of prestigious clients PRESTO. Apple, Amazon (Lab123) and Qualcomm are among the first to adopt industrial users PRESTO, which helps to establish the product’s reputation in the market. On the services side, Google, Mobile MagicLeap and VSN are also among the first customers.
Innovative synergies based on a holistic approach to the design and product development
PRESTO is a promising program, already adopted and validated by several major players seekers of innovative solutions in fluid dynamics to drive the integration of their systems in the development of electronic devices such as computers, mobile devices, embedded electronics in automobiles or applied to medicine, centers data, etc … One of the main competitive advantages of PRESTO is its infrastructure with a fully customizable interface to meet the design operations sequencing needs that are unique and specific to each client. PRESTO makes possible parametric large scale exploration of the design space, in time and for a much lower cost than those of traditional methods, all with the flexibility of a cloud-storage service available and on demand ‘ on the cloud. In addition it is perfectly suited for the integration and extension within the virtual prototyping platform ESI to promote a multi-domain optimization of products and industrial processes beyond the limited context cooling itself.
Integration of two world experts in fluid dynamics
Following this acquisition, ESI Group will hold 100% of the assets of both host and AMOEBA co-founders of the company, two top scientists: Dr. Sanjay Mathur and Dr. Prabhu Sathyamurthy, which enjoy an international reputation in the field of numerical simulation and the specific application for the electronics industry fluid dynamics.
value creation Perspectives
This should be a short-term accretive because PRESTO already generating revenues booting related to his trade, currently limited to the United States. ESI Group intends to actively promote worldwide this new generation of products and solutions for the optimization of industrial cooling and, beyond, to integrate its virtual prototyping solution multidomain “ as built, as tested “with major benefits derived therefrom in terms of breakthrough innovation. This advanced strategy in virtual engineering, already widely deployed in the transport sector, is yet to be adopted by manufacturers of electronic equipment, for considering significant business opportunities.
For more information on ESI: www.esi-group.com
View:
Revenue of 1 st quarter 2015
4 June 2015
About AMOEBA Technologies Inc.
Amoeba Technologies Inc., self-financed private company incorporated in Delaware with headquarters in Austin, Texas (USA), began operations in April 2007 with the aim of producing new dynamic generation Computational fluid with an innovative business model. Its founders, Sanjay Mathur and Prabhu Sathyamurthy, have both more than 20 years of experience in the development dynamics of commercial software and computational fluid in business development within the company Fluent Inc. They created AMOEBA to meet three critical market needs of computational fluid dynamics: simple access, a grant of licenses and flexible integrated technology sensitivities analysis. Their solution saves considerable time and money on large-scale simulation projects without having to increase the number of simulations to explore the design space. These include among its long list of clients names like Apple Inc., Aavid Activision Blacksand, Broadcom, DOC, Google Inc., Midrex Technologies Inc, Pixtronix, Shell, SurfaceInc, Tipping Point (Hewlett Packard) and Zebra Imaging.
About IDE
ESI is a pioneer and world-leading player in virtual prototyping taking into account the physics of materials. ESI has developed unique expertise in Virtual Product Engineering based on an integrated and consistent set of software business solutions. Addressing Manufacturing, Virtual Engineering aims to replace physical prototypes by simulating realistic testing development of manufacturing and assembly processes in accordance with desired product performance, and assessing the impact of a normal or accidental use of these products. The ESI’s products represent a unique solution, collaborative and open full virtual prototyping using the most innovative technologies such as Virtual Reality, which gives life to 3D prototypes, facilitating decision-making during the phase product development. Present in over 40 countries, ESI employs through its global network of approximately 1,000 high-level specialists.
ESI Group is a French company listed in compartment C of NYSE Euronext Paris, labeled “innovative company” by 2000 Bpifrance (ex OSEO). ESI Group is eligible for FCPI and PEA-SMEs.
Awards 2014: Award winner ASMEP-ETI / Bpifrance, industrial strategy and Innovation category, winner of the Grand Prix of Growth Firms, Software and IT Services category and winner trophies Contractors Ambitions , International category.
For more information, visit www.esi-group.com.
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