Aziz Computer Modeling Group

U of C Wealth Creation: $36million

Foundation brought U of C researchers and industry together

Historically, the U of C is recognized for the positive impact of its software products, including the development of simulation software in the oil and gas industry.

In 1978, The Computer Modeling Group (CMG) was spun out from the U of C as a not-for-profit entity following the research of Dr. Khalid Aziz, a Professor in the Department of Chemical Engineering.

Major oil companies participated with CMG by paying annual fees in exchange for specific technology rights. In time, the research foundation expanded and membership grew to create the current for-profit, publicly traded Computer Modeling Group Ltd. (CMG: TSX).

Commercial success grows from early collaboration

The company now sells and licenses its technology to provide solutions for oil/gas reservoir modeling and simulation; advanced Windows™ software; advanced oil recovery processes; reservoir engineering; and, provides consulting, training and technical support to clients worldwide.

Market leader

CMG has achieved market leader status with over 150 clients across six continents, with thousands of worldwide users. The company has a market capitalization of $36million, with sales and technical support services based in Calgary, Houston, Beijing, London and Caracas. It is a leading supplier of advanced processes reservoir modeling software with a blue chip client base of more than 200, including international oil companies and technology centres in 42 countries. CMG benefits from no bank debt and has shown a steady and consistent increase in stock price since 1999. The company currently employs 55 people.