Computer Modeling Group Strengths, Domain Expertise, and Key Differentiators
CMG's strengths lie in its four-decade focus on advanced hydrocarbon recovery simulation. The company's blue-chip customer base spans 61 countries, with a strategic emphasis on providing tailored solutions. Technological differentiators, such as Hybrid Parallel solver technology, showcase CMG's commitment to delivering cutting-edge software.
Computer Modeling Group Recent Developments
CMG's recent advancements include a cutting-edge public cloud solution, revolutionizing access to simulators with optimized hardware for efficient simulations. In fiscal 2021, the second-gen public cloud software marked a leap in capabilities, driven by user feedback. Despite a decline of 11% in fiscal 2021 total revenue, the company maintained a significant 21% of revenue investment in research and development, showcasing a commitment to innovation and resilience amidst industry challenges.
Computer Modeling Group Mergers and Acquisitions (M&A) Activities
CMG acquired Unconventional Subsurface Integration LLC ("USI") in fiscal 2023. This strategic acquisition of an early-stage AI-based data analytics technology enhances asset valuation and optimizes shale reservoir performance. This bold step aims at diversification and refining the acquisition strategy, aligning with CMG's commitment to staying at the forefront of technological evolution
Computer Modeling Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Computer Modeling Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Computer Modeling Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CMG CMOST, STARS, GEM, CoFlow, Builder, customers.
Computer Modeling Group Overview
3710 33 Street NW
Calgary, AB, T2L 2M1, Canada
1 403-531-1300
https://www.cmgl.ca/
Ownership: - TSE: CMG
Number of Employees: 296
Functional Markets: ERP Services and Operations, PLM,
Key Verticals: Oil and Gas, Chemicals, Utilities,
Computer Modeling Group Key Enterprise and Cloud Applications
CMG CMOST, STARS, GEM, CoFlow, Builder,
Computer Modeling Group Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Computer Modeling Group Revenue Breakdown By Type, $M:
Computer Modeling Group Enterprise Applications Revenues By Functional Markets, $M:
Computer Modeling Group Enterprise Applications Revenues By Verticals, $M:
Computer Modeling Group Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Computer Modeling Group Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Computer Modeling Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Computer Modeling Group Customers
No. of Computer Modeling Group Customers: 5000
No. of Computer Modeling Group Enterprise Applications Customers: 5000
No. of Computer Modeling Group Cloud Customers: x
No. of Computer Modeling Group Cloud Subscribers: x
With over 5000 customers globally, including industry giants like Athabasca Oil Corporation and NUTECH, CMG's reservoir simulation software serves a diverse clientele. This widespread customer base underscores the company's international influence and industry relevance.
Computer Modeling Group Market Opportunities, M&A and Geo Expansions
CMG's foray into the public cloud aligns with market opportunities, unlocking new possibilities for users. The acquisition of USI positions CMG to expand in the shale market, leveraging AI for enhanced asset valuation and production optimization. Opportunities also arise from the continuous evolution of simulation tools, offering solutions for the industry's challenges.
Computer Modeling Group Risks and Challenges
The petroleum industry's challenges, including finding new fields and economic extraction, pose risks to CMG. External factors like global political climate and economic uncertainty impact capital markets and commodity prices, influencing CMG's revenue dynamics.
Computer Modeling Group Ecosystem, Partners, Resellers and SI
CMG's global presence is fortified by strategic partnerships and support services across key locations. Collaborations with industry leaders like IHS Markit, Baker Hughes, and technological integrations ensure a robust ecosystem. The network effect of partners, including System Integrators and Value Added Resellers, contributes to CMG's market standing.
Computer Modeling Group Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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