AVEVA celebrates its first 45 years

Pioneering technology, continuous business growth and a trusted partner to the engineering community

Cambridge , UK - 13 June 2012: AVEVA (LSE:AVV), announced today it is celebrating its 45th anniversary. Since its inception as a research project at the University of Cambridge in 1967, AVEVA has seen extraordinary growth, becoming one of the Cambridge technology success stories together with ARM, Autonomy and others. Having pioneered the world’s first 3D plant design system (PDMS) in 1976, the company has expanded to 46 offices in more than 25 countries, achieving a market capitalisation of over £1 billion and developed relationships with some of the biggest names in the process plant, power and marine industries.

“Our visionary technology and global business operations have certainly been key factors, but the real foundation of our success lies in the long-term relationships we have established with EPCs, Owner Operators and Shipbuilders”, said Richard Longdon, CEO, AVEVA. “We have always operated, not only as a vendor of technology, but as an active member of the industries we serve. In our first 45 years, we have evolved with our customers and their markets, delivering software solutions that fundamentally reshape the quality and competitiveness of their businesses.”

“It’s great to look back and see how far AVEVA has come from our early CADCentre days and the contribution we’ve made to the process plant, power and marine software industry”, added Dave Wheeldon, CTO, AVEVA.” We have introduced many innovations that have changed the way that our customers work, improving project efficiency and the quality of their deliverables. From the start we have always worked closely with customers and listened to their needs. We’ve created an evolving and unmatched suite of products and services that customers rely on to create and operate the world’s most complex engineering assets.”

”Our ground breaking work with enterprise information management solutions has yielded truly amazing results for our customers”, said Derek Middlemas, COO, AVEVA. “Our open and interoperable technology gives companies the ability to unlock the potential of their information, from whichever source it originates.  We’re helping to ensure that the right people have the right information in the right context and at the right time to make informed decisions. This provides an entirely new dimension to optimising projects and asset operations.  Delivering enterprise solutions to our customer is a really rewarding part of our business and an excellent example of how AVEVA’s software solutions have evolved over the last 45 years.”

James Kidd, CFO, AVEVA comments, “Since AVEVA floated as CADCentre back in 1996, we’ve had an extremely strong financial track record when compared with other companies in the software sector. This year we have again delivered record revenue and profit figures in a difficult global market. This is a real testament to what can be achieved when we stay focused on the needs of our customers and relentlessly work to develop exciting market strategies.”

“Good complementary acquisitions are fundamental to the growth objectives of the company and our ability to consistently deliver innovation,” explained Mat Truche-Gordon, Executive Vice President - Business Strategy. “We executed a number of high profile acquisitions over the last few years and most recently we have acquired bocad which has added a powerful structural detailing capability to our product portfolio. Whether it’s through internal development or acquisition, we are working hard to deliver the technology our customers want.”

“AVEVA’s revenue growth is testament to the strength of our product and solution offering”, added Hans van der Drift, Executive Vice President – Sales, AVEVA. “We have a very experienced sales and business development team with hands-on industry knowledge in over 25 countries around the world.  It’s important to our customers that we’re on-the-ground close to their business, helping them to meet their project and operational priorities.  We believe that this customer-centric approach is a key factor in the success of our customers and is one big reason why so many companies continue to select AVEVA as a trusted partner.”

Hilary Wright, Executive Vice President - HR and Business Services added: “AVEVA is proud to be a UK company with a very strong global presence. We have a significant UK work force, but an even larger international team that has been expanding rapidly especially in fast moving economies such as Russia, China, the Middle East and Latin America.  Our people define AVEVA’s values and culture. Their commitment, hard work and loyalty are key drivers to our success. With 46 offices around the world and over 1200 colleagues, we have a great foundation for the future.”

Richard Longdon added further, “The fact AVEVA is a software company with 45 years of successful history speaks for itself.  We are stronger than ever - still growing, innovating and capturing market share.  There are many good reasons to be excited about the future of AVEVA and we are looking forward to our next 45 years!”

To learn more about AVEVA’s first 45 years visit www.aveva.com/45years.

Follow AVEVA on twitter @avevagroup
Watch AVEVA on YouTube www.youtube.com/avevagroup
For customer stories read AVEVA World Magazine at www.aveva.com/Media-Centre/AWM

About AVEVA

AVEVA is a leader in engineering design and information management solutions for the plant, power and marine industries. For more than 45 years it has delivered business critical software solutions to owner operators, engineering contractors and shipbuilders around the world. For further information please visit www.aveva.com or www.aveva.com/ednotes.

© AVEVA Solutions Limited 2012 and its subsidiaries. All product names mentioned are the trademarks of their respective holders.



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