The goal of the FEATool Multiphysics software suite is to be able to make physics based computer simulation easier and more enjoyable to learn for students in engineering, physics, and mathematics, and also simpler and more convenient to work with for both academic teachers, researchers, and corporate engineers.

FEATool Multiphysics is developed by Precise Simulation Ltd. which was established in 2013 and is dedicated to providing accurate, efficient, and easy to use software solutions to a wide range of mathematical modeling, multiphysics, and computer simulation needs. In close collaboration with academic high-performance computing (HPC) partners with significant knowledge and over a decade of experience in many physics based Computer Aided Engineering (CAE) fields such as Computational Fluid Dynamics (CFD), Computational Structural Mechanics (CSM), chemical engineering, and heat transfer simulations Precise Simulation is able to offer a wide range of customized solutions.