Product category:
Fluid, thermal, noise and vibration analysis software
News Release from: ProSim
Edited by the Engineeringtalk Editorial
Team on 24 May 2006
Revenue growth for simulation software
firm
Company specialising in process simulation software announces revenue increase of 36.6% for 2005, compared with the previous year, mainly due to record increase in software licences sales.
ProSim, the company that specialises in process simulation software, has announced a revenue increase of 36.6% for 2005, compared with the previous year The main part of this growth is due to the record increase in software licences sales; services revenue contributed to it also but to a lesser extent
This article was originally published on Engineeringtalk on 17 Feb 2005 at 8.00am (UK)
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This performance was obtained without decreasing the profitability of the company, since the net income of the company more than doubled over the same period.
"Key indicators are very positives", said Stephane Dechelotte, ProSim Chairman.
"The research and development investments carried out allow a very good positioning of our products on the market".
"Maturity, competence and motivation of our teams do the rest".
"We are also getting the first dividends of our efforts to develop our international sales since our export revenues were multiplied by 3.5".
"We also note that an increasing number of major players in the oil and gas or chemicals fields gave up the systems proposed by our competitors and switched to ProSim software".
ProSim claims the leading positions in some fields - nitric acid plants simulation, power plant optimisation, plate-fin heat exchanger design, batch chemical reactors and distillation columns modelling.
It provides a general steady-state process simulator (ProSim Plus) and a smart thermo-physical properties server (Simulis Thermodynamics).
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