VIRES Simulationstechnologie

Simulation Softwarevires.com

VIRES Simulationstechnologie is a simulation-software entity embedded within Hexagon AB's Design & Engineering business (built on MSC Software and CAE acquisitions). It is set to transfer to Cadence Design Systems via a 2.7bn EUR divestiture announced September 2025.

Company typePublic
Founded1996
HeadquartersBad Aibling, Germany
Headcount11–50
GTM typeB2B
OfferingSoftware

What VIRES Simulationstechnologie does

VIRES Simulationstechnologie is a simulation-software entity whose standalone profile is not directly described in the available source material; the only substantive data point is its inclusion within Hexagon AB's Design & Engineering (D&E) business perimeter. Hexagon AB (NASDAQ Stockholm: HEXA B) is a Sweden-domiciled public limited company operating as a global measurement-technology group with approximately 24,800 employees across 50 countries and group net sales of approximately 5.4bn EUR. The D&E business — built around the 2017 acquisition of MSC Software (a Computer Aided Engineering platform for structural mechanics and virtual manufacturing) and subsequent bolt-ons of AMendate (2019, additive manufacturing software), Romax (2020, bearing and drivetrain simulation), CADLM (2020, simulation software), and CAEfatigue (2020, fatigue analysis) — contributed approximately 265 MEUR to Hexagon's Manufacturing division revenues in 2024. By naming convention ("Simulationstechnologie" — German for simulation technology), VIRES functions within this CAE simulation stack.

On September 4, 2025, Hexagon announced a definitive agreement to sell the entire D&E business to Cadence Design Systems for approximately 2.7bn EUR, with 30% payable in Cadence equity and the balance in cash; the transaction is expected to close in Q1 2026 subject to regulatory approval. As a result, VIRES' ownership is set to transfer from a measurement-technology conglomerate to an EDA and computational-software specialist. A separate "Octave" separation of Hexagon assets is planned for H1 2026. No direct information on VIRES' products, pricing, customer base, geographic footprint, or AI capabilities is present in the provided input, and these gaps constrain deeper standalone characterization.

VIRES Simulationstechnologie firmographics

Firmographics

Name: VIRES Simulationstechnologie
Legal name: Hexagon AB
Website: https://vires.com
Company type: Public
Founded year: 1996
Operating status: Operating
Headcount range: 11–50 employees
Short description: VIRES Simulationstechnologie is a simulation-software entity embedded within Hexagon AB's Design & Engineering business (built on MSC Software and CAE acquisitions). It is set to transfer to Cadence Design Systems via a 2.7bn EUR divestiture announced September 2025.
Ownership category
akta.pro rank

VIRES Simulationstechnologie industry classification

Industry

Product category: Simulation Software
NAICS: Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
SIC: Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
akta.pro primary industry: CG Simulation & FX (Fluids, Fire/Smoke, Destruction, Crowds) (MPAHABAF)
akta.pro secondary industry: Digital Labs, Simulations & Virtual Practicals (Non-XR) (EDAFACAF)

Keywords

Simulation software
Vehicle dynamics simulation
Virtual test driving
Driving simulation
Simulation technology

Where VIRES Simulationstechnologie is headquartered

Location

Headquarters

HQ city: Bad Aibling
HQ country: Germany
HQ region: Europe

Markets served

VIRES Simulationstechnologie business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Technology or R&D, Personnel

VIRES Simulationstechnologie product offering

Product offering

Core offering

The provided source material does not contain specific details about VIRES Simulationstechnologie's products or services. The company name "VIRES Simulationstechnologie" suggests a simulation technology offering, but no direct product or service description is evidenced in the input. The source explicitly states: "No specific history or details for VIRES Simulationstechnologie found in this source."

Differentiator

Problem solved

Functional benefit

Companies that use VIRES Simulationstechnologie

Customer profile

Ideal customer profiles1 record

VIRES Simulationstechnologie technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

VIRES Simulationstechnologie partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights3 records

VIRES Simulationstechnologie competitors and assessment

Company assessment

Emerging players

CARLA: Open-source driving simulator widely used in AV research and academic/industry prototyping. Provides a free alternative to commercial driving-simulation stacks like VIRES' for perception and planning validation.
Applied Intuition: Well-funded startup offering simulation and tooling infrastructure for autonomous systems development. Competes with VIRES-class platforms in scenario-based ADAS/AD validation.
Cognata: AI-driven simulation platform for autonomous driving, providing synthetic data and virtual test environments. Competes with VIRES in driving-scenario generation and large-scale ADAS/AV validation.

Direct peers

rFpro: High-fidelity driving simulation software for automotive and motorsport, including road-network and sensor simulation. Directly overlaps with VIRES' driving-simulator and road-environment offering.
AVL: Austria-headquartered powertrain and vehicle engineering firm with its own driving/vehicle simulation toolchains (CRUISE/MVC). Competes with VIRES for automotive simulation spend across OEMs and Tier-1s.
IPG Automotive: Developer of CarMaker, a leading vehicle dynamics and ADAS/AV simulation platform used by OEMs and Tier-1s. Closely comparable product category (driving simulation) and customer base (automotive engineering).
dSPACE: German supplier of hardware-in-the-loop simulation, prototyping, and validation tools for ADAS/autonomous driving. Directly competes with VIRES Virtual Test Drive in driving-scene simulation and ECU/vehicle validation workflows.

Broad incumbents

Ansys: Major CAE and multiphysics simulation vendor with VRXPERIENCE/HumanSim and automotive-focused simulation offerings. Competes with MSC/VIRES-style CAE/simulation bundles for OEM R&D budget.
MathWorks (MATLAB/Simulink Driving Scenario): Provides MATLAB/Simulink with Driving Scenario and Automated Driving Toolbox that overlap VIRES' scenario-based simulation for control and ADAS algorithm development. Broad engineering platform rather than dedicated driving-sim vendor.
Siemens (Simcenter, including former TASS): Siemens' Simcenter portfolio (incorporating the former TASS PreScan) provides driving-scenario and ADAS/AV simulation tools to OEMs. Broader portfolio player than VIRES but directly comparable in ADAS/AV simulation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

VIRES Simulationstechnologie financial estimates

Financial estimate

Revenue estimate

Valuation estimate

VIRES Simulationstechnologie leadership team

Management profile

Number of profiles

VIRES Simulationstechnologie subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

VIRES Simulationstechnologie funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

VIRES Simulationstechnologie M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about VIRES Simulationstechnologie

What does VIRES Simulationstechnologie do?

Is VIRES Simulationstechnologie a public or private company?

VIRES Simulationstechnologie is a public company. It is classified as corporate owned and is currently operating.

When was VIRES Simulationstechnologie founded?

VIRES Simulationstechnologie was founded in 1996. It employs 11 to 50 people.

Where is VIRES Simulationstechnologie based?

VIRES Simulationstechnologie is headquartered in Bad Aibling, Germany, in the Europe region.

Who are VIRES Simulationstechnologie's main competitors?

Emerging players on record are CARLA, Applied Intuition and Cognata. Direct peers are rFpro, AVL, IPG Automotive and dSPACE. Broad incumbents are Ansys, MathWorks (MATLAB/Simulink Driving Scenario) and Siemens (Simcenter, including former TASS).

Does VIRES Simulationstechnologie have an API?

No public API is recorded for VIRES Simulationstechnologie.

What industry is VIRES Simulationstechnologie in?

VIRES Simulationstechnologie's product category is Simulation Software. Its primary akta.pro industry code is MPAHABAF, CG Simulation & FX (Fluids, Fire/Smoke, Destruction, Crowds), with a secondary code of EDAFACAF, Digital Labs, Simulations & Virtual Practicals (Non-XR). Its NAICS code is 54151 and its SIC code is 7372.