Who we are

Elsyca's History

The origins of Elsyca® go back to the research done by Professor Deconinck at the Vrije Universiteit Brussel (VUB). With the rise of computing power at the end of the 70s, Professor Deconinck initiated the first attempts to model the physical laws that govern electrochemical phenomena. In subsequent years, research efforts intensified with funding from the European Community and resulted in the development and validation of new sophisticated electrochemical models of mass and charge transfer.

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 20^th 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. Find out more: Strada Partners Invests in Elsyca, Accelerating Digital Twin Software Growth

Mission

Today, Elsyca is active in the markets of

• corrosion design & engineering,
• cathodic protection & AC mitigation,
• surface finishing, and
• electrochemical manufacturing

within a variety of industries – such as oil & gas, automotive, aerospace & defense, electronics and medical.

The combination of the practical engineering knowledge, the in-house developed family of engineering simulation tools, and the continuous focus on R&D and innovation has established Elsyca as a trustworthy and appreciated partner for many clients across the globe.