In 2002, IBM bought Costimator OEM from MTI Systems, Inc.[2] Many of the products on the market focused on machine shop operations.
Costimator had its roots in the machining industry, but later branched out to include several other manufacturing processes.
[2] Costimator also includes a function known as IQ builder which customers can use to model their own manufacturing process based on historical data.
The data was derived from the company’s customers in addition to various independent industry sources.
[3] In 2009, MTI Systems, Inc. reached an agreement with European distributor Premier Manufacturing Solutions, LTD (Stockport, UK) to market its flagship products Costimator OEM and Costimator JS to companies throughout Europe.