ESI Group to Acquire the Assets of Picviz Labs, Specialist in Big-Data-Based Predictive Analysis Through Advanced Visualization
April 01 2015 - 2:00AM
Business Wire
Creation of a big data visual analysis
platform to detect unknown operational problems
- Access to a green field market:
scientific data visualization
- Roll-out opportunity on multiple
sectors where big data is key
- Technological foundation to develop
efficient machine-learning solutions
- Strategic investment optimized by
the direct acquisition of business
Regulatory News:
ESI Group (Paris:ESI):
Alain de Rouvray, ESI Group’s Chairman and CEO states:
“Picviz Labs’ technology constitutes a remarkable
and exceptionally clever innovation which strengthens operational
intelligence by visually identifying important and hidden issues.
Beyond the highly-promising cyber-security market, energized by
SaaS/Cloud deployments and the surge of hacker
attacks, Picviz Labs is poised to accelerate ESI
Group’s expansion into a large number of new verticals. This
movement is expected to include addressing interests of
non-industrial companies and health sciences by
identifying previously invisible correlations that could help
improve predictability and thereby reinforce the innovative
potential of numerical modeling. For ESI Group's core market Picviz
Labs visual solutions add a powerful capability to smartly navigate
the ocean of data generated by increasingly large and complex
digital models, and to reveal the wealth of knowledge deeply buried
and consequentially often undetected and wasted."
Currently consisting of 5 employees, the French Company Picviz
Labs was founded in 2010 and has since built and delivered a
solution “to detect the unknown” through massive data inspection.
Its big data visual analytics technology, provided through a unique
and fast data rendering engine, enables customers to detect
unexpected problems. Capitalizing on big data’s potential, Picviz
Labs offers a new conception of operational intelligence by
reversing the methodology vs. classical analytic tools based on
Query Engines.
Access to a green field market: scientific data
visualization
Visual analytics and scientific data visualization market is
predicted to considerably expand in the coming years, reaching a
market potential of several billion dollars. Such tremendous demand
is notably linked to the arrival of the smart and digital factory
with the new approach that revolutionizes the methodology of all
product development processes by dematerializing the physical
prototype and boosting process flexibility to reduce development
timeframes. Adapting to this new framework, all engineers and
technicians will be able to detect and anticipate any operational
issues or inefficiencies while the product is under development.
Leveraging this operational intelligence demand, Picviz Labs offers
a data visualization platform able to integrate and analyze any
kind of very large quantities of data in order to interactively
highlight outliers and unexpected behavior.
Roll-out opportunity on multiple sectors where big data is
key
Picviz Labs’ technology aims to meet the exponential demand that
could emerge from all verticals where big data can generate strong
added value for security intelligence. Already collaborating with
prestigious international groups such as BNP PARIBAS, La Poste,
BULL (ATOS) or Thales, and also with government agencies, Picviz
Labs has established in many fields a solid and acknowledged
reputation for its data visualization offering.
The Company will notably position ESI Group in the growing
demand from industry for cyber-security to protect their data and
prevent any cyber-attacks or data theft attempts and can thereby
help ESI roll-out its virtual prototyping offering beyond the
traditional industrial verticals. In addition to this specific
complementarity, this acquisition is also a unique opportunity for
Picviz Labs to accelerate its expansion in the vast and
fast-growing security intelligence market by leveraging ESI Group’s
distribution infrastructure and portfolio of important global
industrial players.
Technological foundation to develop efficient
machine-learning solutions
Capitalizing on Picviz Labs’ big-data visual analysis
capability, ESI Group plans to develop a disruptive
machine-learning solution dedicated to industrial clients whose
product development processes deploy more and more
computer-controlled systems, including product line embedded
electronic systems and robots. Offering industrialists the
opportunity to improve the artificial intelligence of their
machines by learning from past data and automatically improving its
algorithms, the ESI Group’s strategy is to deliver strong
value-added services such as predictive maintenance,
quality-assurance, component-replacement planning or supply chain
management and logistics.
Strategic investment optimized by the direct acquisition of
business
ESI acquired all assets of Picviz Labs, including know-how for
its powerful big-data visualization solution, and its strong
commercial portfolio in the cyber-security market where the
pursuance of its existing activity could generate substantial value
for ESI Group.
The operation, which also includes the integration of the
highly-qualified team, holds strong commercial and technological
synergies that will facilitate ESI Group’s entry into the
cyber-security market and strengthen its value added visualization
services offered to its existing industrial market.
Philippe Saadé, Picviz Labs’ Chairman and CEO states: “We are
particularly enthusiastic about joining ESI Group. We share the
same ambition of improving the democratization of high-value added
analysis solutions, formerly restricted to a limited number of
high-qualified engineers. Like ESI we are convinced that the
digital factory success will rely on industrial ability to
implement collaborative processes based on efficient visual
interfaces more likely to support better human decision”.
For more ESI news, visit: www.esi-group.com
Next events:
2014 annual results:April 16,
2015
About Picviz Labs
Picviz Labs provides innovative technology in the field of data
mining and cyber security.
The intuitive nature of our solutions allows customers to look
in a smart and easy way to large and complex data sets through
effective multi-dimensional graphic representation.
Working in partnership with international groups and government
agencies, the company allows them to reveal based on data all their
information. http://www.picviz.com/
About ESI
ESI is a world-leading provider of Virtual Prototyping software
and services with a strong foundation in the physics of materials
and Virtual Manufacturing.
Founded over 40 years ago, ESI has developed a unique
proficiency in helping industrial manufacturers replace physical
prototypes by virtually replicating the fabrication, assembly and
testing of products in different environments. Virtual Prototyping
enables ESI’s clients to evaluate the performance of their product
and the consequences of its manufacturing history, under normal or
accidental conditions. By benefiting from this information early in
the process, enterprises know whether a product can be built, and
whether it will meet its performance and certification objectives,
before any physical prototype is built. To enable customer
innovation, ESI’s solutions integrate the latest technologies in
high performance computing and immersive Virtual Reality, allowing
companies to bring products to life before they even exist.
Today, ESI’s customer base spans nearly every industry sector.
The company employs about 1000 high-level specialists worldwide to
address the needs of customers in more than 40 countries.
ESI is listed in compartment C of NYSE Euronext Paris and is
granted “Entreprise Innovante” (Innovative Company) certification
since 2000 by Bpifrance. ESI is eligible for inclusion in FCPI
(venture capital trusts dedicated to innovation) and PEA PME.
2014 awards: winner of the 2014 ASMEP-ETI/Bpifrance award in the
Innovation and industrial strategy category and of the Grand Prix
des Entreprises de Croissance, in the Software and IT Services
category and winner of the “Ambitions d’Entrepreneurs” trophy in
the International category.
For further information, visit www.esi-group.com.
ESI Group - EuropeSylvie Delangle, +33 1 53 65 14
14investors@esi-group.comorESI Group – AmericaCorinne
Romefort-Régnier, +1 415 994
3570investors@esi-group.comorNewCapEmmanuel Huynh or
Louis-Victor Delouvrier, +33 1 44 71 98 53esi@newcap.fr
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