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ESI GROUP TO INAUGURATE ITS SOFTWARE PRODUCT DEVELOPMENT CENTER IN BANGALORE - INDIA
26 November 2004 - ESI Group
| ESI Group (ISIN FR0004110310), pioneer and world leading solution provider in virtual prototyping and manufacturing processes, today announces the inauguration of ESI Software India private limited, a wholly owned subsidiary in Bangalore on December 1st, 2004. The India center will primarily be involved in the development of software products for virtual simulation. |
ESI Group (ISIN FR0004110310), pioneer and world leading solution provider in virtual prototyping and manufacturing processes, today announces the inauguration of ESI Software India private limited, a wholly owned subsidiary in Bangalore on December 1st, 2004. The India center will primarily be involved in the development of software products for virtual simulation. "The official inauguration of ESI Software India is laying solid foundations for the implementation of a realistic and open CAE simulation environment strengthening ESI Group's virtual engineering solutions," says Dr. Alain de Rouvray, Chairman & CEO, ESI Group. The Indian subsidiary has been created in February 2004, following the acquisition of EASi USA's MCAE intellectual property rights in September 2003. A suite of industry-proven simulation environments for crashworthiness, safety, NVH, durability and process analyses has thus been added to ESI Group's MCAE portfolio. ESI Software India Pvt Ltd will be a truly software product development company dedicated to market requirements collection, product definition, design, implementation, validation and shipping. The nature of work represents the high end of the value chain encompassing all aspects of the software product development. Currently, the India center is focusing on the development of the Open VTOS based on EASi-VISTA, an object-oriented development platform for CAD/CAE. This technology has been developed in India during the last 10 years. "Open VTOS technology will significantly reduce the development of environments for computer aided analysis of engineering systems with complex graphical interface," says Nagesh L. Bysani, Managing Director, ESI Software India.
http://www.esi-group.com
About: ESI Group
ESI Group is the world leading software editor for the numerical simulation of prototype and manufacturing process engineering in applied mechanics. The key to ESI Group's success is the use of realistic material physics, providing "as good as real" virtual solutions, in order to replace the lengthy trial and error processes on real prototypes.ESI Group has developed an entire suite of coherent industry-oriented applications to realistically simulate a product's behavior during testing, to fine tune the manufacturing processes in synergy with the desired product performance, and to evaluate the environment's impact on product usage. ESI Group's product portfolio, which has been industrially validated and combined in multi-trade value chains, represents a unique collaborative, virtual engineering solution, known as the Virtual Try-Out Space (VTOS), enabling a continuous improvement on the virtual prototype. By drastically reducing costs and development lead times, VTOS solutions offer major competitive advantages by progressively eliminating the need for physical prototypes. A sustained growth Total consolidated revenue for fiscal year 2003, ending January 31st 2004, increased by 15% in real terms and 22% at constant exchange rates, compared to the previous year reaching 49 million euro. The software activity remained stable with 73% from licenses and 27% from services. The major acquisitions made in 2002 and 2003 accounted for 15% of revenue growth and took part in the strengthening of the Group's position on the American market. As in previous years, ESI Group maintained a strong international presence with 50% of turnover generated outside Europe and 79% of revenue outside. Listed on the Nouveau Marché of Euronext Paris, ESI Group employs almost 500 high-level specialists worldwide.
ESI Group and its global network of agents provide sales and technical support to customers in more than 30 countries. A key investment area: Research and Development ESI Group is making substantial R&D efforts and forms partnerships with leading academic and research laboratories in order to offer state-of-the-art solutions. ESI Group also provides high value-added services, worldwide through its subsidiaries located in Europe, Asia and Americas. Consulting projects with strategic industrial partners as well as European R&D contracts exemplify ESI Group's strong engineering knowledge and scientific expertise. |
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