STAR-CCM+ is the leading provider of Multiphysics to the automotive industry which contributed 52% of CD-Adapco’s revenue at the time. Their customer base at the time was around 3,200 at an average revenue of $65,000 per customer.
At the time of its acquisition by Siemens AG in 2016, CD-Adapco’s annual revenue was around $200M and was growing at a CAGR of 12%. In time, these contributors and others founded the company known as CD-Adapco with the aim to bring CFD to the masses. STAR-CCM+, and before that STAR-CD, was originally developed by researchers in Imperial College’s CFD research group in the late 1980s. In full disclosure, Resolved Analytics became a Siemens Channel Partner in 2020 supporting sales of STAR-CCM + after initially posting this series.
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