Datacor Enhances Engineering Simulation Capabilities Through GoldSim Acquisition

Datacor's Strategic Acquisition of GoldSim Technology Group

In a significant move to boost its engineering simulation capabilities, Datacor, Inc., a prominent provider of software solutions tailored for engineers and process manufacturers, has announced the acquisition of GoldSim Technology Group. This strategic acquisition is expected to enhance Datacor's offerings in system-level modeling and risk assessment, positioning the company as a stronger player in the engineering and technology landscape.

Based in Florham Park, New Jersey, Datacor has been at the forefront of providing innovative software solutions for the process manufacturing and chemical distribution sectors. The latest addition to their portfolio, GoldSim, is renowned for its advanced dynamic simulation software, which helps organizations model and analyze complex systems under uncertain conditions. This acquisition not only deepens Datacor's existing engineering simulation capabilities but also brings with it the invaluable expertise and technology developed by GoldSim over its 25-year history.

GoldSim's simulation platform is utilized across various industries, including energy, environmental management, and mining. By including GoldSim’s robust capabilities, Datacor can now offer more comprehensive solutions to its clients, enabling engineers to manage and simulate complex systems effectively. Tom Jackson, president of Datacor, emphasized that this acquisition reflects the company's commitment to investing in industry-specific solutions that help engineers leverage the power of simulation in their work.

Rick Kossik, president and co-founder of GoldSim Technology Group, reinforced the value of joining forces with Datacor, stating that the alliance would provide the necessary resources to enhance their software's power, quality, and flexibility. This partnership aims to push the boundaries of simulation software further, benefiting technical teams who rely on these tools for decision-making and risk analysis.

The GoldSim software aids organizations in evaluating and comparing alternative designs, plans, and policies, thus minimizing risks and enhancing decision-making processes in their projects. It facilitates Monte Carlo simulations, providing quantitative representations of risks and uncertainties in various scenarios.

As Datacor continues to grow and evolve, the integration of GoldSim is viewed as a step towards achieving greater visibility and control for clients in complex process management. The acquisition marks a pivotal point for Datacor as they strive to be the trusted source for technology and expertise in engineering solutions.

About Datacor, Inc.
Founded with a vision to empower process manufacturers and chemical distributors, Datacor has become known for its quality software solutions that go beyond basic applications. With deep industry experience and a dedication to continuous improvement, Datacor partners with clients to navigate and resolve complex process challenges. For more information, visit www.datacor.com.

About GoldSim Technology Group
GoldSim Technology Group specializes in developing software designed for Monte Carlo simulations, which helps users dynamically model complex systems in engineering, science, and business sectors. Their software supports crucial decision-making by simulating future performance and quantitatively managing uncertainties. Learn more about their offerings at www.goldsim.com.

In conclusion, Datacor’s acquisition of GoldSim Technology Group signifies a transformative step in the software landscape for engineering and process machinery. The power and flexibility of the newly integrated software are set to provide customers with more accurate simulations and risk assessments, ultimately leading to better operational efficiency and reduced uncertainty in their processes.