East Lansing, MI (December 22, 2015) -- Red Cedar Technology is pleased to announce Optimize This! 2016, the International HEEDS User Conference, scheduled for October 11-14, 2016 at The Dearborn Inn Marriott Hotel in Dearborn, Michigan. Optimize This! 2016 will bring individuals responsible for product development together to learn and share how HEEDS is being used in a wide variety of industries and applications to help discover better designs, faster! With over a hundred attendees from across the globe, Optimize This! 2016 is a special event. The setting gives attendees the chance to participate in deeper discussions about design exploration challenges and innovations in their area of interest. The conference will feature presentations from key stakeholders and industry leaders currently using HEEDS to automate their design exploration processes.
Munich, Germany (January 25, 2016) -- Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. The purchase price is $970 million. CDadapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology. Last fiscal year, CD-adapco had over 900 employees and revenue of close to $200 million with software-typical double digit margins. On average, CD-adapco increased its revenue at constant currencies by more than 12 percent annually over the past three fiscal years. Siemens expects this business to continue to experience strong growth in the future.
• Siemens expands portfolio for industry software
• CD-adapco a leader in computational fluid dynamics (CFD) simulation
• Purchase price of $970 million
New York, NY (July 9, 2013) – CD-adapco's Executive Vice-President Bill Clark today announced the acquisition of Red Cedar Technology Incorporated. CD-adapco is the largest privately held CFD focused provider of Computer Aided Engineering software and services. Red Cedar is the developer of HEEDS® Multidisciplinary Design Optimization software. The acquisition will add HEEDS® MDO to CD-adapco's impressive suite of Computer Aided Engineering simulation tools, that includes STAR-CCM+, STAR-CD, Battery Design Studio and SPEED. The move further cements CD-adapco’s commitment to providing simulation tools that allow engineers to simulate entire engineering systems.
“I doubt that anyone who has been watching us closely will be surprised by this acquisition,” said CD-adapco Executive Vice President Bill Clark. “For the last five years, we have been redefining the paradigm for CAE licensing, with the stated intention of allowing our customers to perform multi-disciplinary design exploration studies that capture all the real world physics that are likely to influence a potential product during its operational life. Up until now, the key-missing component in this strategy has been a best-in-class process automation and optimization tool. CD-adapco's acquisition of Red Cedar Technology will empower our customers to leverage their simulation models by optimizing potential designs across the entire design space.”
Red Cedar Technology will continue to operate as a wholly owned subsidiary of CD-adapco and develop HEEDS® as a general-purpose process automation and design optimization tool that can be coupled with any CAD or CAE software.
East Lansing, MI (July 29, 2013) – Red Cedar Technology, Inc. announced today that it has released a new full-featured portal linking HEEDS to the MSC Adams product line, including Adams/View, Adams/Car, and Adams/Chassis.
“This new portal brings the power of HEEDS optimization to multibody dynamics in a very simple and straightforward way. It has dramatically improved our design process,” states Jesper Slattengren of Pratt & Miller, a vehicle dynamics specialist and an advisor to Red Cedar Technology on the new capabilities. “HEEDS combined with Adams allows us to find feasible vehicle designs within highly constrained performance requirements in less time than we ever thought possible. We have used this capability to win significant new vehicle design business for our organization.”
Van Buren Township, MI and East Lansing, MI (April 10, 2013) – Ricardo Software announced today that their new vehicle driveline system modeling and simulation product, IGNITE, will provide full support for design exploration and optimization through a partnership with Red Cedar Technology.
David Higbie, Global Director of Ricardo Software, stated “From the beginning, we realized that a robust design exploration and parametric system optimization capability would be critically important to our target users. After investigating possible ways to deliver this functionality, it became clear that a strategic partnership with Red Cedar Technology provided the best option.”
Under the terms of the agreement, the SHERPA search engine capabilities and HEEDS design space exploration technology of Red Cedar Technology will be embedded in every copy of IGNITE. This new product is scheduled for commercial release in Q3, 2013.