D-SIMLAB Technologies Pte Ltd (“D-SIMLAB”), the Singapore-headquartered leading provider of high-performance, simulation-based decision support solutions, has successfully raised another round of investment from Tan Gee Beng Pte Ltd (TGBPL), a Singapore-based company with interests ranging from manufacturing, trading, property development and investments to high technology industries. The financing deal follows the signing of an MOU between D-SIMLAB and EADS Innovation Works Singapore to undertake and promote joint collaboration activities and projects for the purpose of establishing and advancing new service models and logistics policies for spare parts.
D-SIMLAB’s flagship product for the aviation industry is D-SIMSPAIR, an advanced simulation-based spare parts planning and optimisation system. In the last few years of operations the client base of D-SIMSPAIR has been growing consistently. D-SIMLAB has also ventured into Semiconductor manufacturing through a subsidiary in Germany. The investment deal will enable further development of the aerospace vertical and accelerate the semiconductor business.
The Investment deal is an independent endorsement of D-SIMLAB Technologies’ business model, business execution capability, and technology innovativeness. The valuation of the company has multiplied compared to the earlier round of financing in February 2008. Said Tong Guan, Executive Director of TGBPL, “We have invested in D-SIMLAB because we believe in its business model and we feel that the management has the expertise to provide excellent solutions to its clients. We also firmly believe that D-SIMLAB high performance simulation based decision support solution will benefit its clients to achieve significant cost savings.”
Exploit Technologies had incubated D-SIMLAB for close to 18 months when the company first started business in 2007. On D-SIMLAB’s investment deal, Mr Philip Lim, CEO, Exploit Technologies, said, “The investment is a vote of confidence in D-SIMLAB and A*STAR’s technology. D-SIMLAB’s ability to help clients regularly re-optimise spare parts inventory allocation and logistics policies has profound implications in the evolving aerospace industry. The application of their technologies into the semiconductor domain is very promising too. We are happy that TGBPL shares our vision in the potential of the company.”
Dr. Peter Lendermann, CEO, D-SIMLAB Technologies, who has been leading the team all the way since its SIMTech days said, “This is a great milestone for D-SIMLAB. With this investment we can confidently claim that D-SIMLAB has evolved from a high-tech start-up into an established company with a proven track record and potential to be a leader in providing simulation-based decision support solutions for asset intensive industries. This investment will provide us the needed fuel to drive our growth further into semiconductor and in future other domains.”
Said Andy Bottomley, Co-CEO, Imprimatur Capital, “D-SIMLAB continues to make rapid progress on a broad front. We at Imprimatur Capital are delighted this investment has been secured and we are confident that the management team will put the new capital to work in order to continue the very exciting commercial development of the D-SIMLAB business. We welcome TGBPL as new shareholders and look forward to working together to making D-SIMLAB a global success story.”