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Exa Corporation
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. PowerFLOW is used extensively in the international automotive and transportation industries. On November 17, 2017, Dassault Systèmes completed acquisition of Exa Corporation. Exa became part of Dassault's SIMULIA brand. History Exa was founded in November, 1991 in Lexington, Massachusetts. Exa raised about $2.4 million in a series of venture capital investments from April 1993 though 1994 from Fidelity Ventures and individuals. 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. The company filed for an initial public offering in June 2012. On September 28th, 2017, Dassault S ...
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Dassault Systèmes
Dassault Systèmes SE () (abbreviated 3DS) is a French software corporation which develops software for 3D product design, simulation, manufacturing and other 3D related products. Founded in 1981, it is headquartered in Vélizy-Villacoublay, France, and has around 20,000 employees in 140 countries. History 1980s Dassault Systèmes (3DS) grew out of the aerospace industry’s search for more sophisticated drafting tools to streamline the development process and aid in the increasing complexity of aviation design. Dassault Systemes spun out in 1981 (as part of Dassault Group.) to develop and market Dassault's 3D surface design software CATI, later renamed CATIA. That same year, 3DS signed a sales and marketing agreement with IBM, allowing IBM to resell the CATIA CAD software. 1990s In the 1990s, 3DS’ software was used to develop seven out of every ten new airplanes and four out of every ten new cars worldwide. Major players in the aviation and automotive industries, inc ...
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Mach Number
Mach number (M or Ma) (; ) is a dimensionless quantity in fluid dynamics representing the ratio of flow velocity past a boundary to the local speed of sound. It is named after the Moravian physicist and philosopher Ernst Mach. : \mathrm = \frac, where: : is the local Mach number, : is the local flow velocity with respect to the boundaries (either internal, such as an object immersed in the flow, or external, like a channel), and : is the speed of sound in the medium, which in air varies with the square root of the thermodynamic temperature. By definition, at Mach1, the local flow velocity is equal to the speed of sound. At Mach0.65, is 65% of the speed of sound (subsonic), and, at Mach1.35, is 35% faster than the speed of sound (supersonic). Pilots of high-altitude aerospace vehicles use flight Mach number to express a vehicle's true airspeed, but the flow field around a vehicle varies in three dimensions, with corresponding variations in local Mach number. The loc ...
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Brisbane, California
Brisbane (pron. , unlike Brisbane, Queensland, Australia) is a small city located in California in the northern part of San Mateo County, California, San Mateo County on the lower slopes of San Bruno Mountain. It is located on the southern border of San Francisco, on the northeastern edge of South San Francisco, California, South San Francisco, next to San Francisco Bay and near San Francisco International Airport. The population was 4,851 as of the 2020 census. Brisbane is called "The City of Stars" because of a holiday tradition dating back to 1939. At the start of the Christmas/Hanukkah season, many residents and business owners place large, illuminated stars, some as big as or more in diameter, on the downhill sides of homes and offices throughout Brisbane. Many of the stars are kept up all year. Geography According to the United States Census Bureau, the city has a total area of , of which is land and (84.58%) is water, the latter the Brisbane Lagoon. A remnant of San ...
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Michigan
Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and territories by population, 10th-largest state by population, the List of U.S. states and territories by area, 11th-largest by area, and the largest by area east of the Mississippi River.''i.e.'', including water that is part of state territory. Georgia (U.S. state), Georgia is the largest state by land area alone east of the Mississippi and Michigan the second-largest. Its capital is Lansing, Michigan, Lansing, and its largest city is Detroit. Metro Detroit is among the nation's most populous and largest metropolitan economies. Its name derives from a gallicization, gallicized variant of the original Ojibwe language, Ojibwe word (), meaning "large water" or "large lake". Michigan consists of two peninsulas. The Lower Peninsula of Michigan ...
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Livonia, Michigan
Livonia is a city in Wayne County in the U.S. state of Michigan. The population was 95,535 at the 2020 census, which ranked it as Michigan's ninth most-populated municipality. Livonia is a part of Metro Detroit and is located about west of the city limits of Detroit, separated only by Redford Township. Originally organized as Livonia Township in 1835, it incorporated as a city in 1950. History After most members of the indigenous tribes were pushed out of the area, ethnic European-American pioneers from New England and New York settled here. The borders of Livonia Township were defined by the Legislature of the Territory of Michigan on March 17, 1835. The settlers named the community "Livonia", after Livonia, New York, a town in the western part of the state from where many had migrated.City of LivoniHistory Retrieved on January 11, 2009. Livonia Township was split off from Nankin Township, in which a Livonia post office had been established in June 1834. During the days ...
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Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ...
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Burlington, Massachusetts
Burlington is a town in Middlesex County, Massachusetts, United States. The population was 26,377 at the 2020 census. History It is believed that Burlington takes its name from the English town of Bridlington, Yorkshire, but this has never been confirmed. It was first settled in 1641, and was officially incorporated on February 28, 1799; several of the early homesteads are still standing, such as the Francis Wyman House, dating from 1666. The town is sited on the watersheds of the Ipswich, Mystic, and Shawsheen rivers. In colonial times up through the late 19th century, there was an industry in the mills along Vine Brook, which runs from Lexington to Bedford and then empties into the Shawsheen River. Burlington is now a suburban industrial town at the junction of the Boston- Merrimack corridor, but for most of its history, it was almost entirely agricultural, selling hops and rye to Boston and supplementing that income with small shoe-making shops. Early railroad expans ...
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EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating busines ...
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Net Income
In business and accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ..., net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and Amortization (accounting), amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in Equity (finance), shareholders' equity that results from a company's operations.Needles, et al. (2010) Financial Accounting. Cengage Learning. It is different from gross in ...
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Dassault
Dassault Group (; also GIM Dassault or Groupe Industriel Marcel Dassault SAS) is a French group of companies established in 1929 with the creation of Société des Avions Marcel Bloch (now Dassault Aviation) by Marcel Dassault, and led by son Serge Dassault with co-founder of Dassault Systèmes Charles Edelstenne. Currently, Dassault Aviation Chairman and CEO is Éric Trappier. According to Challenges, the Dassault family's combined net worth is estimated at around 23.5 billion euros. Subsidiaries *Dassault Aviation ** Dassault Falcon Jet ** Dassault Falcon Service ** Sogitec (simulation and integrated logistic support systems) * Dassault Systèmes (software and PLM development solutions) *Société de Véhicules Electriques (SVE), a joint venture between Dassault and Heuliez for the development of electric and plug-in electric hybrid vehicles ( Cleanova II based on Renault Kangoo), its president and CEO is Gérard Thery. In 2010, Dow Kokam LLC acquires SVE, thou ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied b ...
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Fidelity Ventures
Fidelity is the quality of faithfulness or loyalty. Its original meaning regarded duty in a broader sense than the related concept of ''fealty''. Both derive from the Latin word ''fidēlis'', meaning "faithful or loyal". In the City of London financial markets it has traditionally been used in the sense encompassed in the motto "My word is my bond". Audio and electronics In audio, "fidelity" denotes how accurately a copy reproduces its source. In the 1950s, the terms " high fidelity" or "hi-fi" were popularized for equipment and recordings which exhibited more accurate sound reproduction. For example, a worn gramophone record will have a lower fidelity than one in good condition, and a recording made by a low budget record company in the early 20th century is likely to have significantly less audio fidelity than a good modern recording. Similarly in electronics, fidelity refers to the correspondence of the output signal to the input signal, rather than sound quality, as in th ...
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