Company:Exa Corporation
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| Type | Public |
|---|---|
| NASDAQ: EXA | |
| Industry | Computer-aided engineering |
| Fate | Acquired by Dassault Systèmes |
| Founded | November 21, 1991 |
| Founder | Kim Molvig |
| Products |
|
| Website | exa |
Exa Corporation was a developer and distributor of computer-aided engineering (CAE) software. Its main product was PowerFLOW, a lattice-boltzmann derived implementation of computational fluid dynamics (CFD), which can very accurately simulate internal and external flows in low-Mach regimes.[1] PowerFLOW is used extensively in the international automotive and transportation industries.
On November 17, 2017, Dassault Systèmes completed acquisition of Exa Corporation.[2] Exa became part of Dassault's SIMULIA brand.[3]
History
Exa was founded in November, 1991[4] in Lexington, Massachusetts.[5] Exa raised about $2.4 million in a series of venture capital investments from April 1993 though 1994 from Fidelity Ventures and individuals.[6] More funding was obtained in 1994, 1996, 1998 and 2005, including Boston Capital Ventures as an investor. In 1999, Stephen A. Remondi became chief executive.[4]
The company filed for an initial public offering in June 2012.[4] On September 28, 2017, Dassault Systèmes announced the signing of a definitive merger agreement to acquire Exa, valuing the company at about 400 million USD.[7]
For fiscal year 2012, Exa recorded total revenues, net income and Adjusted EBITDA of $45.9 million, $14.5 million and $7.1 million, respectively.[4] Since generating its first commercial revenue in 1994, Exa's annual revenue had increased for 18 consecutive years.[4] The company was profitable in fiscal years 2011 and 2012 after recording net losses in the three preceding fiscal years.[4] Exa's total revenues and Adjusted EBITDA in fiscal year 2012 increased 21% and 51%, respectively, compared with fiscal year 2011.[4] Exa reported $61.4 million in total revenue for the full year fiscal 2015.[8] The company's total revenue was expected to be in the range of $64.7 million to $67.0 million for the full year fiscal 2016.[8]
The Exa corporate headquarters were located in Burlington, Massachusetts . The company also had U.S. offices in Livonia, Michigan, and Brisbane, California , along with offices in Europe and Asia. Exa's European headquarters were located in Paris, France , and it also had European offices in Germany , Italy and the United Kingdom . Exa's Asia headquarters were located in Japan , and its Asia offices were based out of China , India and South Korea . Exa employed over 350 people worldwide.
References
- ↑ "Engineering & Design Simulations with PowerFLOW | Exa Corporation". http://exa.com/product/simulation-tools/powerflow-cfd-simulation.
- ↑ "Dassault Systèmes Successfully Completes Tender Offer for Exa Corporation". 27 January 2020. https://www.3ds.com/press-releases/single/dassault-systemes-successfully-completes-tender-offer-for-exa-corporation/.
- ↑ "PowerFLOW - CFD Software Solution for Aerodynamic Design - Dassault Systèmes®". https://www.3ds.com/products-services/simulia/products/powerflow/.
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 Exa Corporation (June 18, 2012). "Prospectus". Form S-1 Amendment 5. US Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/890264/000119312512273272/d214313ds1a.htm. Retrieved November 13, 2013.
- ↑ Lewin, David I. (1997). "An Interview with Kim Molvig: Advising Fluid Dynamicists to be Discrete". Computers in Physics 11: 126. doi:10.1063/1.4822525.
- ↑ Exa Corporation (April 30, 1993). "Exa Corporation Series A Preferred Stock and Warrant Purchase Agreement". Form S-1 Exhibit 4.3. US Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/890264/000119312511208397/dex43.htm. Retrieved November 13, 2013.
- ↑ "Dassault Systèmes to Acquire Exa Corporation". https://www.3ds.com/press-releases/single/dassault-systemes-to-acquire-exa-corporation/.
- ↑ 8.0 8.1 Exa Corporation (March 19, 2015). "Exa Reports Fourth Quarter and Fiscal 2015 Financial Results". http://investor.exa.com/releasedetail.cfm?ReleaseID=902568. Retrieved May 7, 2015.
Further reading
- Miller, R.; Strumolo, G.; Russ, S.; Madin, M.; Affes, H.; Slike, J.; Chu, D. (1999). A Comparison of Experimental and Analytical Steady State Intake Port Flow Data Using Digital Physics. Society of Automotive Engineers.
- Lietz, Robert; Pien, William; Remondi, Stephen (2000). A CFD Validation Study for Automotive Aerodynamics. Society of Automotive Engineers.
- Gaylard (2001). Comparison of A Conventional RANS and a Lattice Gas Dynamics Simulation - A Case Study in High Speed Rail Aerodynamics. In: Rhodes, Norman. Computational Fluid Dynamics in Practice. Oxford, UK.
- Succi, Sauro (2001). The Lattice Boltzmann Equation for Fluid Dynamics and Beyond. Oxford University Press.
- Chen, Hudong; Kandasamy, Satheesh; Orszag, Steven; Shock, Rick; Succi, Sauro; Yakhot, Victor (2003). Extended Boltzmann Kinetic Equation for Turbulent Flows. Science Magazine. Vol. 301
- Kotapati, R., Keating, A., Kandasamy, S., Duncan, B., Shock, R. and Chen, H., "The Lattice-Boltzmann-VLES Method for Automotive Fluid Dynamics Simulation, a Review," SAE Technical Paper 2009-26-0057, 2009, doi:10.4271/2009-26-0057.
- RUPESH B. KOTAPATI, RICHARD SHOCK, and HUDONG CHEN, "LATTICE-BOLTZMANN SIMULATIONS OF FLOWS OVER BACKWARD-FACING INCLINED STEPS," Int. J. Mod. Phys. C 25, 1340021 (2014) [14 pages DOI: 10.1142/S0129183113400214.
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