Datacor, a software provider for engineers, process manufacturers, and chemical distributors, announced it has acquired GoldSim Technology Group, a developer of dynamic simulation software used to model complex systems under uncertainty.
The acquisition strengthens Datacor’s engineering simulation portfolio, which already includes CHEMCAD chemical process simulation software and its pipe flow modeling suite, formerly Applied Flow Technology. GoldSim’s platform adds system-level modeling and probabilistic risk assessment capabilities, and is widely used across industries such as energy, environmental, and mining.
GoldSim has built a reputation over more than 25 years for simulation tools that enable organizations to model future performance, quantify uncertainty, and evaluate alternative designs, plans, and policies to minimize risk and improve decision-making.
With this deal, Datacor aims to broaden how engineers apply simulation technologies across a wider range of use cases, while giving GoldSim additional resources and market reach.
KEY QUOTES:
“GoldSim has spent over 25 years building simulation software that technical teams in some of the world’s most complex, high-stakes fields have come to rely on. This acquisition reflects our continued investment in industry-specific solutions and our dedication to helping engineers apply the power of simulation across a broader range of their work.”
Tom Jackson, President of Datacor
“We have always been defined by the power, quality, and flexibility of our software and our commitment to the customers who depend on it. Joining Datacor gives us the resources and reach to keep pushing that standard forward.”
Rick Kossik, President And Co-Founder of GoldSim Technology Group
