MIDAS IT

What MIDAS IT does

MIDAS IT is a privately held, Korea-headquartered CAE/FEA simulation software company with operations established in China in 2002, providing engineering analysis and design solutions across four major civil engineering verticals: buildings, bridges, geotechnical engineering, and mechanical simulation. The company's MIDAS Family Program comprises 20+ specialized software products — including flagship platforms midas Civil NX (bridge), midas Gen and midas Building (structures), midas GTS NX and midas XD (geotechnical), and midas MeshFree and midas NFX (mechanical/multi-physics) — built on proprietary solvers with GPU acceleration, a NAFEMS-certified mesh-free Implicit Boundary Method, and built-in compliance with Chinese (JTG, GB series), US (AASHTO), European (Eurocode), Japanese, UK, and Indian design codes. The company serves engineering design institutes, construction companies, manufacturing enterprises, and 230+ Chinese universities, with reference projects spanning landmarks such as the Sutong Bridge, Hong Kong-Zhuhai-Macao Bridge, Burj Khalifa, Shanghai Tower, and Beijing National Stadium, totaling 5,000+ documented global engineering project applications across 110+ countries.

Name

MIDAS IT

Legal name

MIDAS Information Technology Co., Ltd.

Website

https://midasit.cn

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

MIDAS IT is a privately held CAE/FEA simulation software provider serving civil and structural engineering design institutes, construction firms, manufacturers, and universities across 110+ countries with 20+ specialized products spanning bridge, building, geotechnical, and mechanical engineering domains.

Ownership category

akta.pro rank

Product category

Engineering Simulation Software

NAICS

Software Publishers (5132), Software Publishers (513210), Engineering Services (541330), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Engineering Services (8711), Services-Computer Programming Services (7371)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

akta.pro secondary industries

Product Design & Mechanical Engineering Consulting (BPAHAIAJ), Engineering & Technical Standards (Civil, Mechanical, Electrical; Codes & Standards) (EDAGAGAC), Engineering design services (line design, substation design, civil/structural) (EUADAKAG)

Keywords

• Structural analysis software
• Bridge design software
• Geotechnical analysis software
• Finite element analysis
• Building engineering software

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices18 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing (Traditional Mode): One-time perpetual license purchase with one-time after-sales training and email-based technical support. Cross-version upgrade/maintenance at 15% of software price.
2. MODS (MIDAS On Demand Service) Subscription: Sustainable subscription model with entry fee plus annual fee (10% of selected module package price). Three-year contract term. Includes software version usage rights, latest version authorization, priority technical support, annual on-site training, and discount on charged training.
3. Technical Training and Consulting Services: Fee-based training programs (e.g., 500 RMB/person for Civil structural mechanics courses, 1,200-6,000 RMB for construction technology camps), on-site technical consulting, and project-specific engineering consulting services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

MIDAS IT develops and sells computer-aided engineering (CAE) and finite element analysis (FEA) software products for civil, structural, geotechnical, and mechanical engineering domains. The company offers 20+ software products organized into four domain verticals (bridge, building, geotechnical, mechanical), delivered via perpetual licenses and subscription contracts (MODS), supporting structural modeling, simulation, design verification, and drawing output with built-in multi-national code compliance.

Product overview

MIDAS IT provides engineering analysis and design software solutions across four major domains: building structures, bridges, geotechnical engineering, and mechanical simulation. The product portfolio comprises over 20 software products organized as platform-plus-modules architectures. In the bridge domain, midas Civil NX serves as the general structural analysis and design platform, supplemented by midas Civil Designer for code-based verification, midas Smart BDS for automated design and drawings, midas FEA (bridge) for detailed simulation, and midas LTS for large cargo transport assessment. In the building domain, midas Building provides the integrated design system, midas Gen serves as the universal FEM platform with international code support, and midas FEA NX offers civil-domain-specific simulation. In geotechnical engineering, midas GTS NX provides the general 3D FEM platform, midas SoilWorks offers 2D comprehensive analysis, and midas XD delivers integrated excavation pit design. In mechanical simulation, midas MeshFree enables meshless rapid verification, and midas NFX provides multi-physics and CFD capabilities. Supporting these, midas Wizard Platform (midas W) offers a general civil structure intelligent platform with specialized modules for temporary structures and industrial applications, and midas CIM provides 3D bridge forward design. The company also provides engineering consulting services and cloud-based recruitment solutions through products such as midas Insight.

Differentiator

Problem solved

Functional benefit

Brands

• MIDAS Family Program: The flagship suite of 20+ engineering analysis and design software products spanning civil, structural, geotechnical, and mechanical engineering domains.

Products and services

• midas Civil NX General bridge structural analysis and design software for engineering design institutes and bridge construction companies, supporting static, dynamic, geometric nonlinear, buckling, moving load, suspension bridge, and cable-stayed bridge analysis with an open API interface.
• midas Civil Designer

Quantifiable outcome

• Design cycle reduction through mesh-free workflow — 3-step analysis process (import CAD, apply loads, view results) without mesh generation
• +3 more outcomes

Named customers14 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration29 records

Feature10 records

Partnerships

Four partnerships are on record, tiered core and minor.

• TNO DIANA (Netherlands)coreTechnology or Integration · 1 January 2008Technical collaboration with TNO DIANA for the midas FEA civil structural analysis software. midas FEA incorporates DIANA's core technology in geometric modeling, meshing, and analysis kernels, specifically targeting advanced nonlinear and detailed analysis for civil structures.
• KOZO KEIKAKU ENGINEERING Inc. (KKE)minorChannel Partner/ Reseller/ DistributorAuthorized distributor of MIDAS software in Japan.
• ITOCHU Techo-Solutions Corporation (CTC-G)minorChannel Partner/ Reseller/ DistributorAuthorized distributor of MIDAS software in Japan.
• Cybernet Systems Co., Ltd.minorChannel Partner/ Reseller/ DistributorAuthorized distributor of MIDAS software in Japan.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Autodesk: Autodesk's Revit, Robot Structural Analysis, and simulation tools (within Fusion 360) compete with MIDAS in the building analysis space. Autodesk's massive BIM installed base and design suite bundling make it a structural incumbent that MIDAS must integrate with (via Revit/Tekla APIs) rather than displace.
• Bentley Systems: Bentley Systems provides infrastructure engineering software including structural analysis (STAAD, RAM) and BIM platforms. As a major infrastructure software incumbent, Bentley competes with MIDAS across bridge and building analysis, with deeper integration into transportation and utilities project workflows.
• Dassault Systèmes (SIMULIA): Dassault's SIMULIA brand includes ABAQUS FEA software, a dominant product in advanced nonlinear structural simulation. SIMULIA competes with MIDAS NFX and FEA NX for high-end mechanical and civil nonlinear analysis, while Dassault's 3DEXPERIENCE platform bundles structural tools into broader PLM workflows.
• ANSYS: ANSYS is the global leader in engineering simulation software with broad CAE capabilities spanning structural, thermal, fluid, and electromagnetics. While ANSYS targets general-purpose simulation across industries including aerospace and automotive, its structural and mechanical products compete directly with MIDAS NFX and MeshFree for engineering analysis workloads.
• Hexagon (MSC Software): MSC Software (now under Hexagon) develops Nastran, Marc, and Adams — established FEA and multibody dynamics tools. MSC and MIDAS have an existing technology collaboration, and MSC products compete with MIDAS NFX for mechanical simulation workloads in automotive and aerospace.

Direct peers

• SCIA (Nemetschek Group): SCIA Engineer is structural analysis software widely used in Europe for buildings and bridges. As part of Nemetschek Group (Allplan, Graphisoft), SCIA competes with MIDAS Gen and Civil NX in the European market and benefits from BIM platform integration.
• RISA Technologies: RISA develops structural engineering software (RISA-3D, RISAFloor) popular with US design firms. RISA and MIDAS compete for building structural analysis budgets, particularly with international code support (AISC, ACI, Eurocode) that overlaps MIDAS Gen's value proposition.
• Computers & Structures Inc. (CSI): CSI develops SAP2000, ETABS, and SAFE — the most widely used structural analysis and design software globally for buildings and bridges. CSI is the closest direct competitor to MIDAS in the structural FEA space, particularly for design institutes using AISC, ACI, and international codes.
• Altair Engineering: Altair provides CAE simulation software (HyperWorks, OptiStruct) competing directly with MIDAS in structural optimization and mechanical analysis. Both companies serve the niche of specialized simulation tools for engineering enterprises, with similar customer profiles in mechanical and structural engineering.

Emerging players

• TNO DIANA: TNO DIANA provides advanced nonlinear FEA software specialized for civil engineering and geotechnical applications. As an existing technology partner of MIDAS (incorporating DIANA technology into midas FEA), DIANA represents both a competitor in nonlinear analysis and a collaborative technology supplier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 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 MIDAS IT