AVEVA has announced that it has acquired 8over8 Limited. The acquisition provides a software platform for AVEVA to address the current global need for increased project control, capital discipline, minimising project overruns, and delivering improved efficiency in operations.
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 lifecycle. ProCon can be deployed on site, or through a privately managed cloud, providing real-time risk management for major capital projects.
Richard Longdon, CEO, AVEVA, commented on the acquisition: “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 lifecycle and provides further proof of AVEVA’s ongoing strategy to grow its business both organically and through acquisition”.
Clare Colhoun, CEO, 8over8, said: “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 change to take ProCon to an even wider global market and I’m excited by the opportunities this acquisition brings our customers, solutions and employees. We will certainly benefit from AVEVA’s global network of professionals, industry expertise and commitment to technology innovation”.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/05012015/aveva-acquires-8over8-014/