Alain de Rouvray, ESI Group’s Chairman and CEO, adds:

“This acquisition is in line with our selective external growth strategy, and it reaffirms our ability to adapt to, welcome and anticipate changes in the Virtual Engineering market. Indeed we believe that the ‘Open source’ software model and the associated use of cloud computing will accelerate the low cost and gradual adoption of numerical simulation and, when applicable, will facilitate the further migration to the high value creation of ESI’s “End-to-End Virtual Prototyping” solutions. OpenCFD Ltd. and its team of experts will allow us to reaffirm our leadership in CFD as a means to an end, namely Enabling Virtual Engineering for all. And it will also support the diversification of our business sectors and the adaptation of our business models. Important to our ‘go-to-market’ strategy, OpenFOAM®’s broad popularity will provide us with preferred access to its vast and global user base, giving further opportunities for our extended software and services offer, creating substantial value for our clients, staff and shareholders, while opening new, collaborative, innovative and promising perspectives.”

OpenFOAM^® and OpenCFD^® are registered trademarks of ESI

About ESI

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 of 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 900 high-level specialists worldwide covering more than 30 countries. ESI Group is listed in compartment C of NYSE Euronext Paris.

For further information, visit www.esi-group.com.

Connect with ESI on Twitter, Facebook, and YouTube.

ESI Group
Corinne Romefort-Régnier, +33 (0)1-5365-1414
Email Contact
or
NewCap.
Axelle Vuillermet
Louis-Victor Delouvrier, +33 (0)1-4471-9494
Email Contact
www.esi-group.com