ESI Group
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Public (Compartment C of NYSE Paris) CAC All Shares Index Component |
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| Industry | Computer Aided Engineering (CAE) Software |
| Founded | 1973 |
| Headquarters | Paris, France |
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Key people
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Alain de Rouvray, Chairman and CEO |
| Revenue | €109.3 million (2013-2014) |
| €6.2 million (2013-2014) | |
| €2.4 million (2013-2014) | |
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Number of employees
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1008 (2014) |
| Website | http://www.esi-group.com |
Public (Compartment C of NYSE Paris)
ESI Group provides virtual prototyping software that simulates a product’s behavior during testing, manufacturing and real-life use. Engineers in a variety of industries use its software to evaluate the performance of proposed designs in the early phases of the project with the goal of identifying and eliminating potential design flaws.
ESI(Engineering System International) was founded as Engineering Systems International in France in 1973 by Alain de Rouvray along with three other recent PhD.s from the University of California Berkeley: Jacques Dubois, Iraj Farhooman and Eberhard Haug. The company initially operated as a consulting company for European defense, aerospace and nuclear industries.
On May 30, 1978 the company presented the simulation of an accidental crash of a military fighter plane into a nuclear power plant at a Verein Deutscher Ingenieure (VDI) meeting in Stuttgart. German automobile manufacturers then tested the applicability of several emerging commercial crash simulation codes, including what would become Pam-Crash crash simulation software. As part of this project, the software's initial version simulated the frontal impact of a full passenger car structure, a Volkswagen Polo car model, in a collision with a rigid concrete barrier at 50 km/h, in an overnight computer run. This was the first successful full-car frontal crash simulation ever performed. Finite element simulation provided accurate determination of the structural deformations while rigid body simulation was used during the relatively unimportant deformation and free-flight phases of the simulation.
In July 2000 the company issued an initial public offering that generated 30 million Euros which was used to help fund product development. In 2003 it acquired EASi’s computer aided engineering (CAE) simulation design and control software environments. In 2004 the company invested $5 million in its Indian development center with plans to grow the operation to a 300-person team in the next few years. It acquired six computational fluid dynamics (CFD) analysis products including CFD-ACE+, CFD-FASTRAN, CFD-VISCART and CFD-CADalyzer from CFD Research Corp in February 2004. CFDRC software end user revenues totaled approximately $6.5 million for 2003.In December 2008 the company acquired the US CFD service provider Mindware Engineering Inc. with 70 people based in the United States, Europe and India.
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