Schneider Electric has recognised the 50th anniversary of SimSci, a solution first launched January 20 1967. SimSci process simulation solutions serve 23 of the world’s top 25 petroleum companies; 48 of the top 50 chemical companies; and all of the top mining companies, according to Schneider.
The business started when founders Dr. Y. L. Wang and A. Paul Oleson developed a distillation simulation program with functionality not commercially available in the late 1960s. The first programs quickly became widely accepted for design in the hydrocarbon processing industries. As increased simulation capabilities were added, SimSci soon became the industry benchmark.
During the 1980’s and thereafter, new dynamic process modeling and simulation capabilities were added to the portfolio – establishing a framework of continued innovation and industry leadership. Acquisitions added further solution capabilities while increasing market share in the process industries. Most recently, SimSci joined the family of Schneider Electric solutions with the acquisition of Invensys plc in 2014.
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“Having been part of the SimSci team for 10 years, I have witnessed an extraordinary level of accomplishment by our customers to drive continuous innovation and engineering excellence,” said Tobias Scheele, senior vice president software, Global Solutions at Schneider.
“At Schneider Electric Software, our continued focus is to empower our customers to achieve and sustain process engineering and operational excellence that delivers exceptional value to their business. We look forward to the next 50 years where we can build upon a rich history of innovation to help our customers further drive innovation through a new era of cloud, mobility and Industrial IoT-based solutions.”