What Simetar does

Simetar, Inc. is a private College Station, Texas-based software company that develops and sells Simetar, an Excel add-in for Monte Carlo simulation, statistical analysis, econometric modeling, and risk ranking. The product provides more than 270 user-defined functions across categories including random variable generation (40+ probability distributions), statistical validation (hypothesis and normality tests), regression (OLS, GLS, Probit, Logit, 2SLS, Ridge, WLS with up to 250 exogenous variables), AR/VAR time series, matrix operations (including Cholesky decomposition), and nine graphics/visualization tools. All functions recalculate dynamically within Excel, allowing stochastic models to update when underlying data changes. The software requires Windows 10 with Excel 2013/2016 and does not support Office 365 web.

The company was founded in 1997 at Texas A&M University by Dr. James W. Richardson, Dr. Keith D. Schumann, and Paul A. Feldman to support risk analysis of agricultural policy impacts, and has since been used in more than two dozen graduate courses and by over 850 students at Texas A&M. Commercial adoption extends to policy research institutions such as the Food and Agricultural Policy Research Institute (FAPRI), Texas A&M's Agricultural & Food Policy Center, and the USDA Risk Management Agency, with additional users in applied economics departments across the U.S. and Europe.

Simetar operates a direct-to-consumer, self-serve model selling perpetual software licenses through its own e-commerce storefront at $550 per single user and $5,000 for a 10-seat site license, with a $21.95 30-day trial and a $1,569.63 bundled 'license plus three-day workshop' product. Three-day on-site and scheduled simulation workshops held in College Station, TX serve as the company's professional services offering. The business is founder-owned, employs 1–10 people, and reports no institutional funding or parent company structure.

Name

Simetar

Legal name

Simetar, Inc.

Website

https://simetar.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Simetar, Inc. is a private College Station, Texas software firm that sells an Excel add-in providing Monte Carlo simulation, statistical validation, econometric modeling, and risk ranking for academic researchers, policy research institutions, and government agencies.

Ownership category

akta.pro rank

Product category

Risk Analysis and Simulation Software

NAICS

Custom Computer Programming Services (541511)

SIC

Calculating & Accounting Machines (No Electronic Computers) (3578)

akta.pro primary industry

SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL)

Keywords

• Monte Carlo simulation
• Risk analysis software
• Econometric modeling
• Spreadsheet simulation
• Statistical forecasting

Headquarters

HQ city

College Station

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Software Licenses: One-time perpetual license sales for Simetar 5 software with single user and group/site license options. Revenue generated from direct online purchases through the company e-commerce platform.
2. Training Workshops: Three-day on-site and scheduled simulation workshops held in College Station, TX. Registration fee includes software copy. Custom on-site workshops available for organizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Simetar develops and sells Simetar 5, a proprietary Excel add-in that provides Monte Carlo simulation, statistical analysis and validation, econometric modeling, forecasting, data management, and risk ranking capabilities through over 270 user-defined functions integrated directly into the Excel environment. The company complements the software with three-day training workshops in College Station, TX and on-site consulting engagements. The product is sold as perpetual licenses with single-user, group, and site license tiers.

Product overview

Simetar is a unified Excel add-in product suite for risk analysis and stochastic simulation. The core product is Simetar 5, an Excel add-in developed at Texas A&M University since 1997. The suite includes Simetar 5 (full license), Simetar 5 Trial (30-day evaluation), and Simetar 5 with Training (software plus three-day workshop). An on-site consulting and workshop service is also offered. All products operate as an Excel add-in providing over 270 user-defined functions for Monte Carlo simulation, statistical analysis, regression, forecasting, data manipulation, matrix operations, and risk ranking. The software requires Windows 10 running Excel 2013 or 2016 and does not support the web version of Office 365.

Differentiator

Problem solved

Functional benefit

Products and services

• Simetar 5 An Excel add-in for risk analysis, simulation, and econometrics. Provides Monte Carlo simulation capabilities, statistical analyses and validation procedures, forecasting techniques, data management functions, and risk ranking methodologies for stochastic simulation models, delivered as over 270 user-defined functions that run inside Microsoft Excel on Windows.
• Simetar 5 Trial A 30-day trial version of Simetar 5, allowing prospective users to evaluate the software's simulation, statistical, and econometric capabilities before purchasing the full license. Requires Windows 10 with Excel 2013 or 2016.
• Simetar 5 with Training Full Simetar 5 license bundled with a three-day training workshop held twice yearly in College Station, Texas. Workshop registration is $1,450 and includes a copy of Simetar software; the combined package is sold at $1,569.63 including tax.
• On-Site Simulation Workshops and Consulting Customized consulting services delivered on-site for research institutions, government agencies, small businesses, and corporations, covering risk analysis, econometric capabilities, and simulation techniques using Simetar.

Quantifiable outcome

• Over 850 students trained at Texas A&M, providing continuous feedback to improve software design
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• SAS Institute: SAS provides enterprise-grade analytics, statistical modeling, and simulation capabilities used by government agencies and large institutions — a broader incumbent serving some of the same policy research and USDA-adjacent customers as Simetar.
• MathWorks MATLAB: MATLAB is a broad numerical computing platform used for simulation, econometrics, and statistical modeling. While not Excel-native, it is a substitute for academic and research users who might otherwise adopt Simetar for Monte Carlo and econometric work.
• Stata: Stata is a widely used statistical software package in economics and policy research — directly overlapping with Simetar's university researcher and applied economics customer segments for regression, time series, and simulation work.
• IBM SPSS Statistics: IBM SPSS Statistics is an established statistical analysis platform used across academic and government research for regression, forecasting, and data analysis — overlapping with Simetar's university and government research use cases.

Direct peers

• Oracle Crystal Ball: Oracle Crystal Ball is a long-established Excel-based Monte Carlo simulation add-in with overlapping functionality in risk analysis, forecasting, and optimization. It is one of Simetar's closest functional competitors for spreadsheet-based stochastic modeling.
• Palisade @Risk: Palisade's @Risk is the dominant Excel add-in for Monte Carlo simulation and risk analysis, directly competing with Simetar in the same desktop Excel workflow. Both target analysts needing stochastic modeling and probability distribution fitting inside Excel.
• Frontline Solvers (Analytic Solver): Frontline Systems' Analytic Solver platform provides Monte Carlo simulation, risk analysis, and optimization add-ins for Excel, competing head-on with Simetar for risk-aware spreadsheet modeling use cases.
• Risk Simulator: Risk Simulator from Real Options Valuation offers Excel-based Monte Carlo simulation, stochastic forecasting, and risk analysis tools comparable to Simetar's core capabilities, targeting financial and risk analysts using spreadsheet workflows.

Emerging players

• Posit (RStudio): Posit's R and Python open-source ecosystem (RStudio IDE, Quarto, Shiny) is increasingly used for Monte Carlo simulation and econometric modeling in academic and policy settings, posing a free, modern alternative to Simetar's Excel-bound workflow.

Others

• AgriLogic Consulting: AgriLogic is a crop insurance and risk management consulting firm closely tied to Simetar's founder Dr. Keith Schumann. It represents an adjacent ecosystem participant that both uses and influences the Simetar product roadmap in agricultural risk analysis.

Market position

Strengths4 records

Weaknesses1 record

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/user/SimetarRisk/videos
• Facebookfacebook.com/simetar
• LinkedInlinkedin.com/company/simetar

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Simetar