PRESS RELEASE

Elsyca appoints Diego d’Udekem as new CEO

Leuven, Belgium – July 1, 2024

Elsyca, an international leader in ‘Digital Twin‘ simulation software gravitating around electrochemical processes modeling, is pleased to announce the appointment of Diego d’Udekem as the new Chief Executive Officer, effective 1st of July 2024. Diego d’Udekem succeeds Jean-Marc Dewilde, who has decided to step down after 17 years of fruitful service to the company. Following a phase of leadership transition, Jean-Marc will stay involved as board member and strategic advisor.

Diego d’Udekem will bring with him a proven track record of leading high-tech companies such as Free Field Technologies and Kabandy into a global footprint and on ambitious growth journeys. His deep experience, extensive network, and fresh perspective on the Computational Aided Engineering (CAE) world will be instrumental in guiding Elsyca through its next phase of growth and innovation. "I am honored to join Elsyca, another Belgian tech gem, and to have the opportunity to lead such a talented and dedicated team," said Diego. "I look forward to building on the strong foundation laid by Jean-Marc Dewilde and Elsyca’s founders Bart Van den Bossche and Leslie Bortels, and working together to achieve our ambitious goals."

"Diego's extensive experience in leading international engineering and innovative software companies combined with his acumen for strategic and commercial guidance make him the ideal leader for Elsyca," said Jean-Marc. "With him onboard, I am confident that Elsyca will not only continue to thrive but also reach new heights."
Under Jean-Marc Dewilde’s leadership, Elsyca has achieved significant milestones, including the establishment of strong turnover and profitability revenue. The board of directors and the entire Elsyca team extend their deepest gratitude to Jean-Marc for his outstanding contributions to the company. His commitment over the past years has laid a solid foundation for future growth and success. Jean-Marc will, however, remain closely connected to the company as a shareholder.

Strada Partners, Elsyca’s majority shareholder has also expressed its enthusiasm for the leadership transition. "We are thrilled to welcome Diego and are confident that Diego's extensive experience within the CAE industry will help to propel Elsyca further in expanding its global position as a leader in electrochemical processes simulation. At the same time, we profusely thank Jean-Marc for his boundless dedication to Elsyca over the years" stated Matthias Vandepitte, Managing Partner at Strada Partners.

We warmly welcome Diego and look forward to a bright and successful future under his guidance.

Contact us for more information:

Elsyca
info@elsyca.com
Vaartdijk 3/603, B-3018 Wijgmaal (Leuven), Belgium
www.elsyca.com
+32 16 474 960

About Strada Partners

Strada Partners is a European investment fund founded by Bart Wouters and Matthias Vandepitte, who have a combined track record in private equity of +25 years. The team focuses on growth companies in the software, healthcare and services sectors with a technological component. Strada is building a concentrated investment portfolio with companies that it can support in the long term to grow at a pan-European level. Elsyca is Strada’s 5th investment platform, joining TOBA , AXI, Invincible Software Holdings (ISH), and Tresco.

Curious to know more? www.strada-partners.com

About Elsyca

Elsyca is a growing international software company with offices in Leuven (Belgium), the United States of America and Romania. Through a unique combination of innovative software and highly technical knowledge, Elsyca can model various electrochemical processes with a broad industrial application, ranging from the automotive industry to energy and electronic applications. Their solution guarantees assets integrity, reduction in operational costs, and increased product quality.

Curious to know more? www.elsyca.com