Computer Modeling Group Strengths, Domain Expertise, and Key Differentiators
CMG is a computer software technology company serving the oil and gas industry. The Company is a leading supplier of advanced process reservoir modelling software with a blue chip customer base of international oil companies and technology centers in approximately 60 countries. The Company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities.
Computer Modeling Group Recent Developments
Among CMG latest technological advancements is a public cloud solution, which enables customers to securely access our simulators and run simulations on some of the latest and fastest hardware available, optimized for maximum efficiency and faster simulation results. Advancements in cloud technology are generating a paradigm shift in modern computing and removing technological limitations faced by our customers. During fiscal 2021, CMG released a second generation of our public cloud software, with a step-change in capabilities based on feedback from early CMG public cloud users.
During fiscal 2019, CMG invested $19.9 million in research and development, allowing them to deliver superior software technology with enhanced performance and innovative features to their customers. They implemented several performance enhancement technologies, one of which is a new and faster solver technology, Hybrid Parallel (OpenMP combined with Message Passing Interface [MPI] technology), which allows customers to run models faster by distributing the computational workload across multiple compute nodes. This feature, currently in GEM and STARS where runtimes can be longer, allows reservoir engineers to simulate multi-million grid block models reliably and accurately, while maximizing hardware utilization.
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) customers 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 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
Ownership: - TSE: CMG
Number of Employees: 184
Functional Markets: Product Lifecycle Management,
Computer Modeling Group Key Enterprise and Cloud Applications
CMG CMOST, STARS, GEM, CoFlow, Builder,
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
Computer Modeling Group has more than 617 customers in 61 countries using CMG reservoir simulation software. Some of them are: Athabasca Oil Corporation (AOC), NUTECH, Vedanta Ltd and many others.
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
Computer Modeling Group fiscal 2021 total revenue decreased by 11%, with lower software revenue being slightly offset by higher professional services revenue. Annuity and maintenance license revenue decreased by 13% when compared to last year, due to ongoing oil and gas industry disruption caused by the pandemic, corporate consolidations, economic pressures and lower unconventional shale activity both prior to and during the pandemic.
One of the challenges the petroleum industry faces in trying to overcome barriers to production growth is the continuing need for breakthrough technologies. The facts facing the petroleum industry today are that brand new fields are increasingly difficult to find, especially on a large scale, and that there is a large number of mature fields and unconventional prospects where known petroleum reserves exist; the question is how to economically extract the petroleum reserves in place while utilizing environmentally conscious processes. These challenges have been made even more formidable by the economic environment and the global political climate, which led to increased uncertainty regarding capital markets and commodity prices.
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. Among 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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