What SteerIT does

STEER Information Technologies Private Limited, doing business as SteerIT, was a Bangalore, India-based software product company founded in 2002 as a subsidiary of the STEER group. It developed and sold the Σ LINE 6 suite, a set of six integrated software applications purpose-built for manufacturers operating co-rotating twin-screw extruders in Polymer, Pharmaceutical, Powder Paint, and Food Processing compounding operations. The suite comprised OUTLINE (screw configuration design and visualization with access to a 450+ extruder library database), PRODUCTLINE (formulation design and cost optimization), LIFELINE (maintenance and asset reliability management), PLANTLINE (plant automation and quality management), STREAMLINE (manufacturing performance and statistical analysis), and SIMULATELINE (extrusion process simulation).

The company's technology was centered on a proprietary database of co-rotating twin-screw extruder geometries from multiple OEMs, combined with domain-specific design rules and integrated modules that covered the full compounding workflow from screw design through production. Products were sold under a self-serve subscription licensing model through the sigmalinesix.com/storeFront online storefront, with customers creating accounts, selecting subscription plans, downloading products directly, and receiving continuous support and updates for the duration of the subscription; pricing was not publicly disclosed and required account registration. The company served enterprise customers in the chemicals, plastics, polymers, pharmaceuticals, and specialty chemicals industries — naming approximately 20 logos including Asahi Kasei, Dr. Reddy's Labs, Sika AG, Ferro Inc, Polyone, RTP, Tasnee, A. Schulman, and Ametek Westchester Plastics — and marketed globally with a Japanese language version of OUTLINE. In 2018, STEER Information Technologies Private Limited merged with STEER Engineering Private Limited, and the SteerIT website redirects customers to the parent group's steerworld.com site for products and services.

Name

SteerIT

Legal name

STEER Information Technologies Private Limited

Website

https://steerit.net

Company type

Private

Founded year

2002

Operating status

Acquired

Short description

SteerIT was a Bangalore-based software product company that built and sold the Σ LINE 6 suite of subscription applications for manufacturers using co-rotating twin-screw extruders in polymer, pharmaceutical, powder paint, and food processing compounding operations. It served enterprise customers globally via a self-serve online storefront before merging with STEER Engineering in 2018.

Ownership category

akta.pro rank

Product category

Manufacturing Process Software

SIC

General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Process & Batch Control Software (Recipe Management, ISA-88) (IMAGABAH)

Keywords

• Extrusion software solutions
• Polymer compounding software
• Formulation management software
• Extruder screw configuration
• Manufacturing process software

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscription Licensing: Subscription-based software licensing model where customers pay subscription fees to access OUTLINE and other products. Customers select from subscription plans with varying periodicity and functionality. Upon subscription expiry, products perform in restricted feature mode. Subscriptions can be renewed prior to or post expiry.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

SteerIT develops and sells the Σ LINE 6 suite of subscription-based software products for manufacturers using co-rotating twin-screw extruders in polymer, pharmaceutical, powder paint, and food processing compounding operations. The suite covers screw configuration design (OUTLINE), formulation management (PRODUCTLINE), maintenance management (LIFELINE), plant automation (PLANTLINE), performance analysis (STREAMLINE), and extrusion simulation (SIMULATELINE), backed by a proprietary database of more than 450 extruder libraries.

Product overview

SteerIT offers the Σ LINE 6 suite of software solutions—a platform-plus-modules architecture for organizations using co-rotating twin-screw extruders in their manufacturing processes. The suite consists of six integrated products: OUTLINE (configuration management for screw designs), PRODUCTLINE (formulation management), LIFELINE (maintenance management), PLANTLINE (plant automation), STREAMLINE (performance analysis), and SIMULATELINE (extrusion simulation). Together, these products empower manufacturers in the Polymer, Pharmaceutical, Powder Paint, and Food Processing industries to optimize performance, streamline processes, improve productivity, and reduce costs. Products are sold as subscriptions with downloadable software installations.

Differentiator

Problem solved

Functional benefit

Products and services

• OUTLINE OUTLINE is a screw configuration management software that visualizes, designs, compares, and shares co-rotating twin-screw extruder configurations for compounding manufacturers, featuring realistic screw element representation, standard design rules, visual comparison, and access to the largest database of extruder barrel and element information.
• PRODUCTLINE PRODUCTLINE is a formulation management software that designs formulations, optimizes formulation cost, and works out feeder settings, including raw material organization into Grades, Colors and Intermediate Formulations, multi-supplier cost optimization, automated blend calculations, test result management, and comprehensive reporting for compounding manufacturers.
• LIFELINE LIFELINE is a maintenance management software that maximizes asset reliability through component life monitoring, spare part inventory cost reduction, life and usage cycle evaluation, maintenance scheduling, performance evaluation and testing, and event logging for compounding manufacturers.
• PLANTLINE PLANTLINE is a plant automation and management software that combines production and quality systems for compounding manufacturers, providing quality control, recycling management, scheduling, report generation, data management, waste reduction, and responsiveness to raw material grade changes.
• STREAMLINE STREAMLINE is a performance analysis software providing data manipulation and statistical analysis for manufacturing, including analytics for tracking and preventing problems, data assimilation and assessment, statistical table interpretation, comparative data analysis, and easy import/export of screw configuration data for compounding manufacturers.
• SIMULATELINE SIMULATELINE is an extrusion simulation software that predicts the impact of proposed changes to extrusion processes without disrupting current business operations, using technology data for process modeling and simulation to support business decision-making and continuous improvement initiatives for compounding manufacturers.

Quantifiable outcome

• 92% Time Saved (as reported on homepage metrics)
• +2 more outcomes

Named customers20 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• AVEVA: AVEVA provides process manufacturing software, including recipe/formulation management, batch control, and plant analytics. Its PI System and process optimization products overlap with SteerIT's PLANTLINE and STREAMLINE.
• ANSYS: ANSYS provides multiphysics simulation software (Ansys Fluent, Polyflow) used for polymer flow, mixing, and extrusion analysis. Its Polyflow module directly competes with SteerIT's SIMULATELINE process simulation.
• Honeywell Forge: Honeywell's Forge and Experion platforms deliver process control, recipe management, and manufacturing analytics for chemical and polymer plants — competing with SteerIT's PLANTLINE and PRODUCTLINE offerings.
• Siemens Digital Industries Software: Siemens offers Opcenter, Teamcenter, and SIMATIC IT for manufacturing operations management, formulation/recipe management, and plant automation — overlapping with SteerIT's PLANTLINE, PRODUCTLINE, and LIFELINE.
• Hexagon (MSC Software): Hexagon's MSC Software unit provides CAE and manufacturing simulation tools used across process industries. Its offerings overlap with SteerIT's simulation and performance-analysis use cases for industrial processors.
• Autodesk (Moldflow): Autodesk's Moldflow injection molding simulation and Fusion 360 CAD/CAE offerings provide plastics manufacturers with simulation and design tools that overlap with SteerIT's screw-configuration and process-simulation capabilities.

Direct peers

• Moldex3D: Moldex3D provides molding and extrusion simulation software widely used by plastics processors. Its focus on polymer flow simulation and process optimization competes with SteerIT's STREAMLINE and SIMULATELINE modules.
• Aspen Technology: AspenTech supplies process simulation, recipe management, and manufacturing analytics for specialty chemicals, polymers, and pharmaceuticals — directly comparable to SteerIT's formulation management and process-optimization capabilities.
• Compuplast: Compuplast provides Virtual Extrusion Lab and related simulation software specifically for polymer extrusion processes. It is the closest direct competitor to SteerIT's OUTLINE and SIMULATELINE, serving the same co-rotating twin-screw extruder user base.
• SIGMA Plastic Services: SIGMA Plastic Services (formerly SIGMA Engineering) offers SIGMASOFT and related simulation modules for plastics injection molding and extrusion. It directly overlaps SteerIT's polymer-processing simulation and process optimization capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 SteerIT