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was formed following CAE's acquisition of three industry-leading companies: Engenuity Technologies, MultiGen-Paradigm, and TERREX. By integrating the powerful products created by these companies, Presagis is extending its knowledge base and is bringing innovative and integrated solutions to customers. The OpenFlight, VAPS, and TerraPage standards, as well as the HLA communications standard, are long standing legacies of these companies and will continue to be the foundation for the Presagis product portfolio.
CAE further increases its position in the modelling and simulation market with the acquisition of Multigen-Paradigm
Montreal, April 20, 2007 – (NYSE: CGT; TSX: CAE) – CAE announced today the company has signed an agreement with Parallax Capital Partners, LLC and others to acquire MultiGen Paradigm Inc., for US$16 million (C$18 million) in cash. The acquisition is expected to be concluded in May 2007, subject to US government approvals.
MultiGen-Paradigm is a leading supplier of real-time, commercial-off-the-shelf (COTS) software for creating and visualizing simulation solutions.
“We want to offer our customers a one-stop shop for their modelling and simulation needs, where they will be able to receive the industry’s most comprehensive, integrated suite of COTS software products, and, in addition, have access to a full complement of professional services. The acquisition of MultiGen-Paradigm is expected to accelerate our growth in this important market,” said Marc Parent, CAE’s Group President, Simulation Products and Military Training & Services (MT&S).
“Becoming part of one of the world’s leading simulation and training companies is great news for MultiGen-Paradigm,” said Sandeep Divekar, Chief Executive Officer of MultiGen-Paradigm. “As CAE builds its COTS software capabilities, we have the opportunity to play a key role in contributing to the growth and expansion of modelling and simulation.”
MultiGen-Paradigm develops COTS software used by a range of customers to create and visualize three-dimensional (3D), real-time simulations. The company’s core products include MultiGen CreatorTM, a simulation software toolset for real-time 3D modelling, terrain, and synthetic environment creation; Creator Terrain StudioTM, a software framework that helps manage the synthetic environment creation process; Vega-PrimeTM, software designed for the rapid creation and deployment of real-time 3D simulation applications; and LyraTM, a visual simulation application that provides plug-and-play compatibility for various image generators. In addition, MultiGen-Paradigm created and continues to develop industry standard visual simulation file formats, including OpenFlight and MetaFlight. The company presently has more than 3,000 customers.
Products & Services
Presagis brings together best-in-class modeling and simulation technologies from the industry’s most dynamic and knowledgeable organizations.
Presagis provides a wide variety of expert services, including product training, product customization, simulation content, and product integration guidance.
Presagis offers an unmatched range of solutions for efficiently developing tailored visualization, simulation, and embedded applications and is using industry standards to create the first truly unified toolset.
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