ESI Group: Acquisition of Mineset Inc., a Big Data Visual Analytics and Machine-Learning Specialist
February 08 2016 - 12:00PM
Business Wire
A disruptive approach to amplify ESI Group’s
virtual engineering solutions
- Providing transformative processes
for design and manufacturing
- Leveraging big data synergies with
existing virtual prototyping technologies
- Offering major analytics and pattern
recognition value-creation opportunities
Regulatory News:
ESI Group (Paris:ESI):
Alain de Rouvray, ESI Group’s Chairman and CEO, comments: “This
acquisition complements the recent integration of Picviz Labs (now
‘INENDI’) and its technology for big data mining. Combining
INENDI’s data correlation detection with Mineset’s pattern
recognition, and linking both to ESI Group’s Virtual Prototyping
solutions, provides a new transformative process and source of
value creation, particularly in the traditional Virtual Engineering
domain.While the exponential growth of the Information and
Communication Technologies (‘ICT’) finds an accelerated usage in
all economic domains, it also generates massive amounts of data
(‘big data’). This trend imposes a critical pressure on
industrialists confronted with the need to link virtual simulation
models to the real world data of the Internet of Things (‘IoT’). To
innovate effectively and competitively, it has become mandatory to
generate a multitude of virtual models and to compare them between
themselves and versus real world information. Making immediate
sense of the exponential flux of big data has become an imperative.
This is well aligned with the motivation for the disruptive value
potential that ESI is now poised to offer in response to the
requests of its customers and partners. This combination of talent
and technology, building on other recent acquisitions, will
contribute to revolutionize the field of simulation results
analytics, with extensions such as predictive maintenance and
cyber-security. We trust that it will position ESI to usher in with
confidence the age of the Internet of Everything (‘IoE’)”
Based in Milpitas, California, Mineset Inc. is a subsidiary of
Silicon Graphics International Corp.(SGI), a global leader in
high-performance solutions for compute, data analytics and data
management. Its team of world-class experts has developed a visual
analytics platform that tightly integrates advanced visualization
with machine-learning technology. Available through an easy-to-use
Cloud-based web browser interface, the product has been
specifically designed for non-programming professionals in order to
efficiently address a broad user base.
Providing transformative processes for design and
manufacturingMineset’s technology and its human-in-the-loop
iterative analytics with an intuitive user interface will be
integrated within ESI Group’s overall Virtual Engineering offer and
adapted to each specific application in the product-design process.
Significantly improving decision-making processes, big data
analytics, pattern recognition and machine-learning technology will
enhance ESI Group’s solutions with new capabilities in terms of
simulation result analysis, discovery of hidden correlations, fault
detection, predictive maintenance and design optimization. This
will thus contribute to the delivery of better simulation and
modeling results and, subsequently, to a reduction in production
and maintenance times.
Leveraging big data synergies with existing virtual
prototyping technologiesThis advanced visual analytics platform
will directly complement the ESI Group offering initiated following
the integration of PicViz Labs in April 2015. Now branded as
INENDI, (an acronym for INvestigate, ENvision and DIscover the
unknown) that offering addresses pattern recognition applied to
virtual engineering, cybersecurity, and Internet of Things (IoT)
solutions. Disruptive applications such as ADAS (Advanced Driver
Assistance Systems) and Autonomous Driving represent typical and
promising use cases. These segments constitute a large new market
opportunity for ESI Group, notably in the US where SGI and
Mineset’s technology are already well recognized.
“Mineset technology was developed with the vision to further
data analytics and visualization with machine learning,” said Jorge
Titinger, president and CEO of SGI. “We are excited to see ESI
Group take this technology to the next level, delivering
transformational solutions to help customers design better products
and further machine learning.”
Offering major analytics and pattern recognition
value-creation opportunitiesESI is directly acquiring 100% of
Mineset Inc.’s capital and will integrate the entire development
team, which comprises 10 experts. This transaction will offer a
substantial return on investment in the midterm, through the
enhancement of ESI’s Virtual Engineering solutions with
machine-learning based capabilities to foster knowledge discovery,
reliable model based prediction, and confident decision making. The
operation has been entirely financed through bank debt.
You can find all of our press releases at
www.esi-group.com/press
Next event:
2015 annual sales:March 14, 2016
About Mineset Inc. / SGI
SGI is a global leader in high-performance solutions for
compute, data analytics and data management that enable customers
to accelerate time to discovery, innovation, and profitability.
Visit www.sgi.com for more information.
Connect with SGI on Twitter (@sgi_corp), YouTube
(youtube.com/sgicorp), Facebook (facebook.com/sgiglobal) and
LinkedIn (linkedin.com/company/sgi).
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 more than 1,000
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.
For further information, go to www.esi-group.com.
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Investor RelationsESI Group – Europe/AsiaCorentine
Lemarchand, +33 1 53 65 14 51orESI Group –
AmericaCorinne
Romefort-Régnier, + 1 415 994
3570orNewCapEmmanuel HuynhLouis-Victor
Delouvrier+33 1 44 71 98 53
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