SimiGon (AIM: SIM) is a leading developer and supplier of flexible simulation software which has been used to create several distributed simulation applications in the aviation environment. The Company has been profitable and has consistently grown revenues over the past 3 years, with gross margins of approximately 80 per cent.
SimiGon was founded in 1998 and currently has offices in Herzlia, Israel; Orlando, Florida; and outside Washington DC. Its products are already in use by blue-chip organizations, including 17 air forces and airlines worldwide.
The Company’s strategy for the future is to focus on growth in the Company’s existing presence in the aerospace and defense market and also to leverage that position to access new, growing markets for new products using SimiGon’s tried and tested simulation technology.