SIMSOLID Corporation

Simsolid Corporation specializes in software solutions for structural analysis, offering rapid simulation capabilities for complex CAD assemblies, streamlining engineering workflows and enhancing design efficiency. Founded in 2015 and headquartered in Mississauga, Canada, Simsolid Corporation has established itself as a provider of advanced structural analysis tools. In October 2018, the company was acquired by Altair Engineering, marking a strategic pivot in its business operations. The firm has engaged in two deals since its inception, focusing on enhancing its software offerings in structural simulations.

Altair SimSolid is designed for structural analysis, enabling engineers to conduct rapid simulations on fully featured CAD assemblies without the lengthy geometry preparation and meshing processes. This innovative software supports a variety of connections such as bolts, nuts, and rivets, making it applicable in fields like aerospace, automotive, and consumer goods across North America, Europe, and Asia-Pacific. SimSolid's revenue model is based on software licensing, including subscription plans and partnerships with resellers and distributors. Clients engage through B2B transactions, acquiring licenses for software solutions that improve their engineering workflows.

The software is offered with annual subscriptions, ensuring recurring revenue streams while allowing clients to adjust their usage as needed. Following the acquisition by Altair Engineering in October 2018, Simsolid Corporation plans to focus on developing new products and expanding its reach into additional markets. The company is currently working on enhancements to its existing software offerings, with further details expected to be unveiled in the coming years. Future strategies may also include exploring opportunities in emerging markets to strengthen its global presence.