Category Archives: Simulation

ESTECO Celebrates 25th Anniversary

TRIESTE, Italy, Feb 23, 2024 – This year marks the 25th anniversary of ESTECO. With its roots in scientific research and a solid growth behind it, the company is known in the market for its pioneering engineering software solutions. In this quarter of a century, modeFRONTIER and VOLTA empowered leading organizations worldwide to redefine their design processes, spanning across industries.

In 1999, ESTECO was founded by three engineers as a spin-off of the University of Trieste (Italy), building on the knowledge they acquired during the European-funded project ‘Frontier’. Out of this project modeFRONTIER, a market leading software solution for multidisciplinary and multiobjective optimization in product design, was born.

“25 years ago numerical optimization software was taking its first steps – said Carlo Poloni, president of ESTECO – so we were. modeFRONTIER was born as a trailblazing solution that used what we now call Artificial Intelligence to let engineers design better products in less time. That was unprecedented, and our vision and deep knowledge of our customers’ needs paved our way to success.”

Over the years, ESTECO expanded its technology offer by releasing VOLTA in 2013. On top of state-of-the-art optimization capabilities, it offers a comprehensive collaborative environment for integrated management of simulation processes and data. “In a quarter of a century, our technology evolved – explains Poloni – but our mission didn’t change. We work everyday to empower the most innovative organizations with future-proof digital engineering solutions.”

President Carlo Poloni, CTO Luka Onesti and Scientific Advisor Enrico Nobile have taken the company from a university start-up to a global leader in engineering technology. Since 1999, ESTECO has grown steadily over the years and currently counts over 150 employees worldwide, with headquarters in Italy and offices in the United States, India, and Germany.

While working on the standardization and automation of engineering simulation workflows, ESTECO has also come to explore new markets and audiences. In 2019 they released Cardanit, a Saas business process editor supporting BPMN standard. “It took countless ideas, encounters and collaborations to get us to where we’re today. – Poloni said – Every customer, partner or employee has contributed to define our journey so far. We’re grateful to everyone who has played a part in our history and contributed to our growth.”

The company announces celebrations throughout 2024, sharing stories, videos, blogs and events. The ESTECO International Users’ Meeting is scheduled in Trieste, Italy from June 4 to 6. It will be the perfect opportunity to celebrate this milestone with customers and partners from around the world. Other local initiatives will follow, in collaboration with the University of Trieste and the Science Center Immaginario Scientifico in Trieste (Italy).

About ESTECO

ESTECO is an independent software company, specialized in numerical optimization and simulation process and data management. With more than 20 years of experience, ESTECO supports over 300 international organizations in their digital engineering experience, accelerating the decision-making process and reducing development time. Ford Motor Company, Honda, Lockheed Martin, Toyota and Whirlpool are just a few of the major companies relying on ESTECO technology.

For more information, visit engineering.esteco.com.

Altair Names Caroline Phares as VP HLS

Chip Colbert as Sr Director for Federal and Department of Defense

TROY, MI, Feb 23, 2024 – Altair, a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments. Phares has been named vice president for healthcare and life sciences (HLS) and Colbert has been named senior director for Federal and Department of Defense (DoD), part of Altair’s aerospace and defense vertical. Both individuals bring decades of valuable experience that will further propel Altair’s industry efforts.

Chip Colbert and Caroline Phares

“Chip and Caroline’s proven experience will further bolster our focus on high-growth industry segments, helping us expand Altair’s market share in segments where we have best-in-class technology, a strong track record of success, and a unique blend of talent,” said James R. Scapa, co-founder and chief executive officer, Altair. “Adding these two leaders is another demonstration of our commitment to investing in high-potential industries.”

With more than 20 years of experience, Caroline Phares will elevate Altair’s presence and enhance its focus in the HLS sector. Prior to joining Altair, she served as the global head of health and life sciences at Domino Data Lab. Prior to joining Domino, she served as the product director of quantitative decision-making at GSK, where she was responsible for leading a transformational biostatistics program which modernized technology, processes, and skills to accelerate analysis and reporting for clinical trials submissions and leveraged data assets for faster decision-making and continuous improvement. Phares is a graduate of Villanova University and holds a bachelor of science degree in comprehensive science, physics, and mathematics.

As a seasoned national security, military, and business leader with decades of experience, Chip Colbert will expand Altair’s Federal and Department of Defense customer portfolio. Previously, he served as the vice president for the Department of Defense and the Intelligence Community for Virtualitics, Inc. and as the senior director of US sales for Rebellion Defense. In both roles, Colbert was responsible for defining go-to-market strategy and establishing teams to deliver commercial growth. Prior to his private sector roles, Colbert worked in the White House, serving as the National Security Council’s director for defense policy and strategy for the Middle East. Over a 20-year career as an Army infantry officer and strategist, he was deployed worldwide in support of military operations. He is a graduate of the United States Military Academy and holds a master’s degree in organizational psychology and leadership development from Columbia University’s Teachers College.

For more information on Altair’s focus on aerospace and healthcare and life sciences, visit https://altair.com/aerospace and https://altair.com/healthcare.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

For more information, visit www.altair.com.

Ansys Q4 Revenue Up 76% to $805M with $275M Profit

PITTSBURGH, PA, Feb 22, 2024 – Ansys announced financial results for the fourth quarter of 2023. Revenue for the fourth quarter of 2023 was $805.1M, 75.5% up compared to $458.8M for the third quarter of 2023. GAAP net income was $274.7M.

 

Comparative analysis based on Ansys’s financial results in the last 12 quarters (Result source Ansys website)

Comparative analysis based on Ansys’s financial results in the last 12 quarters (Result source Ansys website)

A complete chart of the financial results is available here.

About Ansys

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. Founded in 1970, Ansys is headquartered south of Pittsburgh, PA, USA. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Visit www.ansys.com for more information.

2024 Altair Enlighten Award Seeks Entries

TROY, MI, Feb 21, 2024 – Altair, a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions. Presented annually in conjunction with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

“The Enlighten Award puts the automotive industry’s finest achievements in sustainable technology on display, and we are thrilled to once again crown the latest and greatest technology available,” said James R. Scapa, founder and chief executive officer, Altair. “As we continue to see the urgent need for greener, more sustainable global transportation technology, the Enlighten Award is the premier award that showcases the future of the automotive industry’s sustainability efforts.”

This year the Enlighten Award features a new category, “Sustainable Computing,” sponsored by Google Cloud, which recognizes implementing practices and technologies that prioritize sustainable measurement, optimizing resource and energy efficiency, unlocking new opportunities for low-carbon transition, and building more sustainable and eco-friendly computing. This year’s full category list is:

  • Sustainable Product – Recognizes a production vehicle (or major system module) embracing emissions reduction, lightweighting, material circularity, and safety advances.
  • Sustainable Process – Recognizes processes that enable emissions reductions, material reuse and/or recycling, and water conservation during manufacturing or engineering phases.
  • Module Lightweighting – Recognizes mass reduction of a vehicle module, subsystem, or component.
  • Enabling Technology – Recognizes technology advancements that enable vehicle lightweighting, including a material, production process, design method, or joining technology.
  • Future of Lightweighting – Recognizes a process, material, or technology not in production, but has significant potential to advance vehicle lightweighting.
  • Responsible AI – Recognizes responsible AI deployment throughout the automotive value chain – from design, engineering, and operation to production and in-service use.
  • Sustainable Computing – Recognizes implementing practices and technologies that prioritize energy efficiency, renewable energy use, reducing environmental impact, and contributing to more sustainable and eco-friendly computing.

“Google Cloud is thrilled to be working with Altair for this year’s Enlighten Award,” said Justin Keeble, managing director for global sustainability, Google Cloud. “We know Altair has long committed to helping organizations design and manufacture their products in a more sustainable way – we are proud to help those same organizations decarbonize their digital footprints and work more sustainably.”

“We are certain that the 12th edition of the Enlighten Award will be the most innovative edition yet and are delighted to once again present this award together with Altair,” said Alan Amici, president and chief executive officer, Center for Automotive Research. “Automotive sustainability is a global imperative – we are honored to highlight the industry’s best achievements and recognize global organizations of all specialties and sizes.”

An award that garners interest from industry, engineering, policymakers, educators, students, and the public alike, the Altair Enlighten Award showcases the latest and greatest technology innovations dedicated to sustainability. Past winners of the Enlighten Award include GM, Ford, Stellantis, Harley-Davidson, Toyota, Nissan, Mazda, Ferrari, JLR, Mercedes, BMW, SAIC-GM-Wuling (SGMW), and many more.

Media partners for the 2024 Altair Enlighten Award include SAE, Automotive Engineering, Tech Briefs, and Automobil Industrie.

To learn more about the Enlighten Award or to submit an entry, visit https://altair.com/enlighten-award. Entries must be received by May 31, 2024. Final judging will occur in late June and the winners will be announced during an award ceremony on August 6, 2024 at the annual CAR Management Briefing Seminars (MBS).

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

To learn more, please visit www.altair.com.

Ansys Appoints Rachel Pyles as Chief Financial Officer

PITTSBURGH, PA, Feb 21, 2024 – Ansys announced that finance veteran Rachel Pyles will become the company’s new chief financial officer, effective February 22, 2024. Pyles replaces Nicole Anasenes, who previously announced her planned departure from Ansys to focus on advisory and board work. Anasenes will remain with the company as a strategic adviser until June 2024 to ensure a smooth transition.

Rachel Pyles

Pyles joined Ansys in early 2023 as the vice president of strategic finance, running financial planning and analysis (FP&A) for the company. Prior to Ansys, she served in a number of finance, transformation, and leadership roles at FIS, Worldpay, and Vantiv.

“Rachel is a proven finance leader who, since joining Ansys, has significantly improved our operations by evolving our financial support function to support our rapid growth,” said Ajei Gopal, Ansys president and CEO. “With her expertise in corporate finance, FP&A and mergers and acquisitions, Rachel has the right blend of experience and skills to ensure our financial foundation remains strong while leading our transition as we plan to combine with Synopsys next year.”

“Ansys is an exceptional company with a strong track record thanks to our deep and broad product portfolio and our longstanding customer relationships,” Pyles said. “I am excited and honored to take on these new responsibilities as chief financial officer for this dynamic company. We have a great team that will help to drive strong financial and operational execution.”

About Ansys

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

For more information, visit www.ansys.com.

The Episcopal School of Dallas Unveils Red Comet AR Lab

DALLAS, TX, Feb 16, 2024 – The state-of-the-art Red Comet augmented reality-based (AR) laboratory is designed to inspire students’ curiosity, creativity, and critical thinking. Equipped with the latest technology and resources, the AR lab will foster hands-on, experiential learning in science, technology, engineering, and mathematics (STEM). Students can engage in interactive projects, collaborate on real-world challenges, and explore their passion for STEM subjects in a dynamic and stimulating environment. The AR-based activities integrated with the day-to-day, standards-aligned curriculum allow teachers and students at The Episcopal School of Dallas to access cutting-edge technology to deepen learning and understanding of scientific and technical concepts.

STEM Image

“We are thrilled to unveil the Red Comet AR Lab, a transformative set of tools that will empower our students to explore, innovate, and excel in science, technology, engineering, and mathematics. As a leading educational institution, we recognize the importance of preparing our students for the future, and the AR Lab is a testament to our commitment to excellence in education,” said Dr. Lindsey Cullins, the associate chief academic officer at The Episcopal School of Dallas.

“In a pioneering move towards revolutionizing STEM education, institutions are increasingly adopting Red Comet’s STEM Labs that integrate augmented reality (AR) technology in the day-to-day K-12 curriculum. The Lab is easy to implement and cost-effective – there is no need for expensive scientific equipment or to replenish the consumables. Augmented Reality-Based STEM Labs are a game-changer, providing students with immersive, hands-on experiences beyond traditional teaching methods. By integrating AR simulations in the curriculum, we offer students the opportunity to conduct virtual experiments, explore engineering designs, and solve complex problems in a simulated but realistic environment,” said Red Comet president Ms. Sapna Ganeshan.

About Red Comet

Red Comet is an education technology company using cutting-edge technology to offer customized digital solutions for K-12 online learning. Red Comet is globally accredited by Cognia and offers over 300 credit-bearing K-12 core and elective courses aligned with state standards. The company provides a broad digital curriculum, varied assessments, and virtual learning models for the K-12 market by maximizing technology’s potential for creating immersive and meaningful learning experiences.

For more information on Red Comet, visit www.redcomet.org.

About The Episcopal School of Dallas

The Episcopal School of Dallas is a joyful, co-ed academic community dedicated to serving a diverse student population of 1,100 students ages 3 through grade 12, where excellence is the standard. Their college preparatory curriculum, led by nationally recognized faculty, is complemented by a full array of artistic and athletic programs, daily worship, experiences in the outdoors, and opportunities to lead and serve others.

For more information on The Episcopal School of Dallas, visit www.esdallas.org.

Ansys, Schaeffler Expand Partnership

PITTSBURGH, PA, Feb 15, 2024 – Ansys and the motion technology company Schaeffler AG announced they are extending their agreement for an additional three years. Schaeffler will rely on Ansys to standardize product development workflows, reduce waste from physical prototypes, and lower the company’s overall carbon footprint through digital transformation.

Ajei Gopal, president and chief executive officer at Ansys and Uwe Wagner, chief technology officer at Schaeffler AG ©

Schaeffler manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for many industrial applications. Ansys and Ansys Apex Channel Partner CADFEM Germany GmbH will continue to provide customer support for Schaeffler as the company hones its digital engineering practices. The extension of the partnership will now see Ansys multiphysics solutions Ansys MechanicalAnsys FluentAnsys Electronics, and Ansys Motor-CAD with enhanced computing capabilities through high-performance computing, applied across all divisions.

As a preferred simulation provider, Ansys will strengthen Schaeffler’s digital thread by democratizing simulation and improving material intelligence across engineering disciplines. For example, including data about material composition in the research and development process will result in more innovative and sustainable products.

To do this, Ansys will contribute its industry-leading solutions to Schaeffler’s framework for digital transformation, which consists of four pillars: digital workplace, cyber-physical equipment (digital factory), digital product lifecycle, and smart products.

“Schaeffler is pursuing ambitious goals for its products when it comes to the strategic topic of sustainability,” said Uwe Wagner, CTO at Schaeffler AG. “We aim to integrate the reduction of CO2 emissions directly into the product development process. Innovative simulation tools play an integral role here. Together with strong partners like Ansys, we will drive the digitalization of our R&D processes and innovations towards series production.”

Schaeffler recently used Ansys solutions to optimize the performance of their electrolyzers — a device that extracts hydrogen from water — to advance hydrogen gas as an emission-free, renewable energy resource.

“We are looking forward to continuing to help Schaeffler meet its sustainability goals and democratize simulation software across the business,” said Walt Hearn, senior vice president of worldwide sales and customer excellence at Ansys. “Digital transformation can’t happen overnight, but through dedication and by leveraging Ansys simulation solutions, Schaeffler has already reduced material waste and emissions while improving efficiency. This is just the beginning of what Ansys and Schaeffler can accomplish together.”

Visit Ansys at Hannover Messe in Hannover, Germany from April 22-26 at Booth #D16 in Hall 17 to learn more.

About Ansys

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

For more information, visit www.ansys.com.