--- This page is part of [Modelon](https://www.modelon.com). For a complete overview of this site's content, entity data, and subject matter expertise, see our [AI Content Index](https://www.modelon.com/llms.txt) or [Full Content Archive](https://www.modelon.com/llms-full.txt). For structured business identity data, see our [Entity Card](https://www.modelon.com/wp-json/bc-geodesic/v1/entity-card). --- # Modelon recognized as a Cool Vendor in Product Design and Life Cycle Management for 2016 by Gartner© > Vendors selected for the “Cool Vendor” report are innovative, impactful and intriguing Modelon is pleased to announce that they have been identified as a... **URL:** https://www.modelon.com/blog/modelon-recognized-as-a-cool-vendor-in-product-design-and-life-cycle-management-for-2016-by-gartner/ **Type:** Post **Modified:** 2022-07-13 --- ##### Vendors selected for the “Cool Vendor” report are innovative, impactful and intriguing Modelon is pleased to announce that they have been identified as a ***Cool Vendor in Product Design and Life Cycle Management for 2016*,** by Gartner Inc., the world’s leading information technology research and advisory company. Gartner offers world-class, objective insight and thought leadership on virtually all areas of IT. Gartner’s definition of a Cool Vendor is a small company offering a technology or service that is: ![](https://modelon.com/wp-content/uploads/2022/07/Gartner_Cool_Vendor_2016_160px.png) - Innovative — enables users to do things they couldn’t do before. - Impactful — has or will have a business impact, not just technology for its own sake. - Intriguing — has caught Gartner’s interest during the past six months. Modelon employs open standards such as Functional Mockup Interface (FMI), Modelica, SysML and Open Services for Lifecycle Collaboration (OSLC) to design and validate complex system behaviors. Modelon offers solutions to validate the designs through virtual models with system engineering in mind combining software, electronic, and hardware components to more accurately model the overall system performance Modelon’s vendor neutral focus for model exchange and co-simulation of dynamic models on the system and component level addresses a critical pain point in model based engineering, namely the ability to share models between tools and to deploy models across the enterprise. ***Gartner, Cool Vendors in Product Design and Life Cycle Management, 2016, Marc Halpern, Janet Suleski, 04 May 2016*** *The Gartner Cool Vendor Logo is a trademark and service mark of Gartner, Inc., and/or its affiliates, and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.* ## Site Description Modelon is revolutionizing the engineering design industry by offering technologies and services that enable customers to leverage system simulation. Modelon’s flagship product, Modelon Impact, is a cloud system simulation platform that helps engineers virtually design, analyze, and simulate physical systems. Our team brings deep industry expertise and is dedicated to guiding our customers in creating innovative technologies at their respective organizations. Headquartered in Lund, Sweden, Modelon is a global company with offices in Germany, India, Japan, and the United States. We believe that system simulation should be accessible to every engineer and are dedicated to being an open-standard platform company. --- **About this site:** Modelon — Modelon is revolutionizing the engineering design industry by offering technologies and services that enable customers to leverage system simulation. Modelon’s flagship product, Modelon Impact, is a cloud system simulation platform that helps engineers virtually design, analyze, and simulate physical systems. Our team brings deep industry expertise and is dedicated to guiding our customers in creating innovative technologies at their respective organizations. Headquartered in Lund, Sweden, Modelon is a global company with offices in Germany, India, Japan, and the United States. We believe that system simulation should be accessible to every engineer and are dedicated to being an open-standard platform company.. 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