D-SIMLAB Technologies Pte Ltd (“D-SIMLAB”), the Singapore-headquartered leading provider of high-performance, simulation-based business analytics and process optimization solutions has been selected to present its journey as a Born Global1 company at the International Commercialization Forum (“ICF”) in Toronto, Canada. Hosted by the Centre for Commercialization of Research, the third annual ICF is a by-invitation event among experts to discuss and share compelling novel ideas to improve the state of global innovation. D-SIMLAB was last honored with a Red Herring award in 2010, an annual list of the hottest start-ups in the world.
Since its inception in 2007, D-SIMLAB has consistently derived the majority of its revenue from companies outside Singapore. The company has gained significant traction from global companies in the aerospace industry through D-SIMSPAIR, a software suite for spare parts inventory network planning and optimization in a multi-airline, multi-station network. Two of the top four civil aviation manufacturers have already been secured as customers. In the MRO (Maintenance, Repair and Overhaul) vertical, long term subscription and service agreements have also been signed with major players. With a number of top players in the aerospace industry as users, D-SIMSPAIR is on track to becoming the de-facto solution for components support contract design and optimization. Besides, D-SIMCON, the company’s technology platform for optimizing production logistics in semiconductor manufacturing has also completed two reference implementations in Singapore and Germany. A European subsidiary in Dresden (Germany) and a US subsidiary in Phoenix AZ have been established and work is also ongoing to establish a presence in China.
Dr Peter Lendermann, CEO and Co-Founder, presented how D-SIMLAB was supported by Exploit Technologies Pte Ltd (“ETPL”), the technology transfer arm of the Agency for Science, Technology and Research (A*STAR) to achieve the internationalization feat. “We founded D-SIMLAB as scientists and knew that we had to develop the company with a global mindset right from the start to become successful. ETPL worked with us and linked us with major aerospace companies through their industry and research networks which brought us the right connections and opportunities to grow. Today, I spend a majority of my time travelling and meeting clients around the world while our team ensures full execution support and conducts rigorous R&D to develop new products. We have limited the number of global locations to three, yet we are able to ensure high quality of delivery and deep knowledge of the target domains. This allows immense scalability for the company and returns for our clients and stakeholders.”
D-SIMLAB is committed to providing high performance simulation-based business analytics and process optimization solutions for asset-intensive industries that enable sustainable performance enhancements leading to sustainable savings. “The recognition of being a Born Global company is another important milestone on our way to being recognised worldwide as a leader in simulation-based business analytics and process optimization solutions,” said Dr. Nirupam Julka, CFO and Co-Founder of D-SIMLAB.