Product category:
Fluid, thermal, noise and vibration analysis software
News Release from: Blue Ridge Numerics
Edited by the Engineeringtalk Editorial
Team on 08 May 2006
Funds support CFD software development
Blue Ridge Numerics, the world's fastest growing CFD software company, has received a significant injection of working capital from the Global Environment Fund.
Blue Ridge Numerics, the world's fastest growing CFD software company, has received a significant injection of working capital from the Global Environment Fund (GEF) The funds will be used to further expand sales and marketing efforts worldwide and to support research and development of CFdesign upfront CFD software
This article was originally published on Engineeringtalk on 25 Feb 2004 at 8.00am (UK)
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"This financial investment, along with the ongoing strategic support of GEF, provides Blue Ridge Numerics the working capital and resources necessary to fully realise our business mission", says Blue Ridge president Ed Williams.
"Today we are better positioned to accelerate the rate of innovation to benefit our customers and to capitalise on future opportunities such as acquisitions and a public offering".
H Jeffrey Leonard, President and CEO of GEF adds: "Blue Ridge Numerics impressed us with its legacy of self-funded, profitable growth".
"Our research indicates the upfront CFD market is still in its infancy and Blue Ridge has the vision, technology and personnel to sustain long-term leadership within this high-growth industry".
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