About
Based on extensive research in the department’s Centre for Process Systems Engineering, the company developed and commercialised simulation software and services for the process industry. Launched in 1997 using a non-conventional strategy of up-front pre-sales, it grew mostly organically, with an investor injection after 10 years and became a leading provider of Advanced Process Modeling (APM) software and services to the process industries in support of digital design and digital operations.
It was a winner of the 2008 MacRobert Award, the top prize of the Royal Academy of Engineering for profitable innovation, a Queen Award for Industry and IChemE Global Awards 2020 finalist. It was sold to Siemens in 2018, by which time it had 170 employees in worldwide offices. This was the largest Imperial exit realization in the last 25 years and remains one of the top 10 in the UK in the last 11 years.
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Case study
Siemens PSE acquisition