Company Profile
ELSYCA
Company Overview
Elsyca delivers advanced electrochemical simulation and digital twin technology for pipeline networks, enabling operators to safeguard infrastructure and optimize performance. Our solutions address critical challenges such as cathodic protection design, AC interference analysis, and proactive maintenance planning. By simulating real-world conditions, Elsyca empowers asset managers and suppliers to implement effective mitigation strategies that prevent corrosion, reduce operational risks, and extend asset life. With decades of scientific expertise and proven field applications, we help pipeline operators minimize costs, ensure regulatory compliance, and maintain long-term integrity across their networks.
Company History
Elsyca was founded in 1997 as a culmination of these research efforts and derives its name from 'electrochemical system calculations'; its purpose was to leverage electrochemical knowledge through software simulation tools and dedicated expert projects.
In 2003, Elsyca attracted venture capital to accelerate software development and sales and marketing, and to safeguard the required investments in intellectual property rights.
In 2006, Elsyca established a branch in Cluj, Romania, and in 2008 Elsyca Inc was erected as a subsidiary sales office in the USA to cater to the growing market in North America. In subsequent years, Elsyca gradually expanded its worldwide coverage through representative agreements with selected partner companies in China, the Middle East, etc.
Elsyca was heavily impacted by the automotive crisis of 2008-2010, but strategically diversified its services into new markets, primarily oil & gas, and was thus able to continue onwards on a path of product innovation.
End of 2016, at the eve of Elsyca’s 20th birthday, its management announced the buy-out of its non-executive shareholders. Jean-Marc Dewilde, Elsyca’s CEO commented: “This management buy-out enables us to preserve the integrity of the company and increase our investments in product innovation to retain our status as high-end technology supplier. We look forward to exciting times!”
At the beginning of 2024, Elsyca welcomed Strada Partners as its new majority shareholder. Strada has partnered with the current management team and investor Think2Act. In addition to further organic growth in Elsyca’s international markets, Strada is also exploring several acquisitions to expand Elsyca’s product portfolio.
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