CAE Forms Software Company

Canadian simulator company CAE said it formed Presagis, a new modeling and simulation software company formed by CAE’s recent acquisitions. CAE said it combined Engenuity Technologies, MultiGen-Paradigm and TERREX and an existing CAE commercial-off-the-shelf (COTS) software team, to create an independent company specializing in COTS modeling and simulation software. CAE said the Presagis portfolio will include visualization tools, terrain and 3-D content software and human-machine interface development tools.