Computer Modeling Group Strengths, Domain Expertise, and Key Differentiators
Computer Modelling Group is an innovator for reservoir simulation technology and performance. With its 100% focus on reservoir simulation, CMG is at the forefront in modeling new recovery methods and developing state-of-the-art techniques to help customers overcome existing technological barriers to reach strategic goals. Recently, CMG integrated Artificial Intelligence (AI), Machine Learning and Cloud-based workflows into its industry-leading reservoir simulation technology. CMG’s efficient modeling algorithms, found in its easy-to-use software, empowers customers to maximize hydrocarbon recovery by applying the most profitable production process. CMG has an industry renowned global training and support network that advances knowledge transfer to their customers so they can derive maximum reservoir value and reduce risk through the expert use of CMG technology.
Computer Modeling Group Recent Developments
In June 2017, CMG forged an alliance with IHS Markit. The partnership provides a new level of analytical and engineering solutions for research and geoinformatics (E&P) customer giving E&Ps a new choice for their integrated workflows by leveraging industry-leading software for geological characterization, reservoir modeling, production data analysis, and reservoir flow simulation.
Computer Modeling Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD ask 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 Cloud, customers.
Computer Modeling Group Overview
Ownership: - TSE: CMG
Number of Employees: 189
Functional Markets: ERP Services and Operations Management,
Computer Modeling Group Key Enterprise and Cloud Applications
Computer Modeling Group Revenues, $M:
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* 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:
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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
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Computer Modeling Group Direct vs Indirect sales
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Computer Modeling Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of Computer Modeling Group Customers: 617
No. of Computer Modeling Group Enterprise Applications Customers: 617
No. of Computer Modeling Group Cloud Customers: x
No. of Computer Modeling Group Cloud Subscribers: x
Expanding its global reach with more than 617 customers in 61 countries using CMG reservoir simulation software
Computer Modeling Group Market Opportunities, M&A and Geo Expansions
CMG's technology continues to break new ground for simulator capabilities, model building and the refinement of advanced recovery processes through a combination of parallel processing, dynamic gridding and the multi-physics required to correctly model each process, including cross-disciplinary interactions like thermal effects, geochemistry, geomechanics, fluid and phase behavior as well as wellbore hydraulics and completions. CMG invests a significant amount of resources each year toward maintaining its technological superiority. CMG maintained the same level of spending on research and development as in the previous fiscal year(representing 21% of total revenue).
Computer Modeling Group Risks and Challenges
In July 2018, Kenneth Dedeluk will retire from his position of President and Chief Executive Officer of CMG following the Company’s Annual General Meeting. As a result of ongoing adverse economic conditions in Venezuela and in the oil and gas industry in general, CMG closed their office in Caracas. Additionally, Customers in South America remain a soft spot for CMG because of sluggish growth in certain countries.
Computer Modeling Group Ecosystem, Partners, Resellers and SI
CMG has sales and technical support services based in Calgary, Alberta, Canada with branch offices in Houston, Dubai, Bogota, Rio de Janeiro, London, and Kuala Lumpur. CMG partners are Alberta Innovates-Technology Futures, Altair, Baker Hughes, International Reservoir Technologies, Sproule, Acceleware, Altair, Amarile, Emerson, Emy-Levi, Fracture Technologies, Foundation CMG, Harris, Paradigm, Kuwait University, SPB, University of Alberta, University of Regina, University of Saskatchewan, University of Toronto.
Computer Modeling Group Cloud Infrastructure Insights
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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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