Flomerics Sees CFD Sales Jump 24% in 2006

excerpted from  

Full article is available for a fee

Randall S. Newton, April 16, 2007

Flomerics Group PLC, a supplier of engineering simulation and analysis software, reported robust sales growth in 2006. Revenue was up 24% to $27.8 million. The increase is due to the overall growth of analysis software and to the acquisition of Nika GmbH. Revenues excluding those resulting from the acquisition of Nika grew by 13% to $25.3 million.

The Nika acquisition brought Flomerics the Engineering Fluid Dynamics (EFD) product line; Flomerics claims the line is currently the world’s fastest-growing computational fluid dynamics (CFD) system. EFD sales were up 33% in 2006. The primary product is EFD.Lab, a CFD simulation tool tightly coupled with leading MCAD applications.

An overview of Flomerics financial growth 2004-2006 (image courtesy Flomerics Group).

Flomerics seems well-positioned to ride the virtual prototyping trend in CAE. Unlike competing CFD solutions, EFD from Nika is fully embedded into leading MCAD products including Pro/Engineer, SolidWorks, and CATIA. Using Flomerics’ software and consultancy services, customers accelerate and optimize their design processes by predicting the behavior of proposed designs before building physical prototypes

A significant share of EFD revenue has come from royalties on sales of COSMOSFloWorks, a CFD tool embedded within SolidWorks and based on EFD.Lab technology.

The full article is available for a fee at CADCAMNet.