AVEVA has announced the acquisition of 8over8 Ltd.
8over8’s flagship product is ProCon, a risk management software platform that connects Owner Operators (OOs) and Engineering Procurement Construction companies (EPCs) throughout the project life cycle. ProCon can be deployed on site, or through a privately managed cloud, providing real-time risk management for major capital projects.
Richard Longdon, CEO of AVEVA, said: “Now more than ever before, our customers are seeking improved project control and reduced risk to their capital investment programmes. We are responding to the needs of all the industries we serve to help our OO customers maximise their return on capital investment, and our EPC customers to drive greater efficiency, enhancing their profitability and competitive differentiation while providing a well-established global platform to accelerate the rollout of ProCon.
“By acquiring 8over8, AVEVA is uniquely placed to ensure both technical and contractual integrity changes are captured during the project life cycle and provides further proof of AVEVA’s ongoing strategy to grow its business both organically and through acquisition.”
Clare Colhoun, CEO of 8over8, added: “Delays and cost overruns are costing billions of dollars when the need for capital discipline has never been greater […] We have enjoyed rapid expansion in the adoption of the ProCon platform and emerged as the leader in contractual risk management software. Joining AVEVA gives us the chance to take ProCon to an even wider global market and I’m excited by the opportunities this acquisition brings for our customers, solutions and employees. We will certainly benefit from AVEVA’s global network of professionals, industry expertise and commitment to technology innovation.”
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05012015/aveva-acquires-8over8-012/