For Immediate Release
AVEVA Named “Company to Watch” in Constructech Magazine’s Fifth Annual “Hottest Companies” Competition
Houston, Texas – August 1, 2007 – Constructech Magazine has named AVEVA (LSE:AVV) a “Company to Watch” in its fifth annual “Hottest Companies” competition. AVEVA is a leading engineering IT software supplier to the plant, power, and marine industries.
Constructech’s Hottest Companies is one of the top resources used by leading contractors and owner organizations in their evaluation of technology and automation providers in the market. Winners were selected based on their ability to evolve their solutions to fit the changing demands of this market while never losing sight of the most important aspect of adopting technology: usability.
“Our Companies to Watch’ provided some very interesting technology to contractors and owner organizations,” said Peggy Smedley, Publisher of Constructech. “Each year, the editors of Constructech are proud to offer a little guidance to those companies looking to make technology assessments. With many new initiatives on the horizon and exciting technologies available, we are excited to present readers with the technology vendors we consider to be the crème of the crop in 2007.”
Commented Rob Glasier, Head of AVEVA Americas: “AVEVA takes great pride in its 40-year history of providing data-centric 3D plant design solutions that still dominate the market today. We believe that technology should support and enhance industry's capabilities, not impose unnecessary changes on established working practices. At all times, AVEVA extends the boundaries of what technology can help to achieve, without losing sight of the fundamentals of good engineering, or the importance of our customers' investment in their data and legacy applications. This continual progression’ philosophy has underpinned AVEVA's impressively solid growth. By continuing to invest in its technology today, AVEVA guarantees the success of its customers for the future.”
For more information on the Constructech “Hottest Companies” award, please visit
About AVEVA Group plc
AVEVA Group plc is one of the world’s foremost and fastest-growing lifecycle engineering IT solutions and services providers to the oil and gas, paper and pulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on the London Stock Exchange (LSE:AVV), the Group reported pre-tax profits for the year ended March 2007 of GBP 24.7 million on revenues of GBP 94.9 million. The Group has grown consistently since 1967 on the strength of pioneering engineering technology that protects the information assets of its customers from the volatile nature of the IT industry.
The Group's history of innovation spans five decades and has produced most of today's major engineering IT technologies. Serving over 1600 clients, AVEVA has a dominant position in many market sectors both on and offshore. In May 2004, the Group acquired Tribon Solutions AB, the market-leading shipbuilding solution company and now serves 85% of the world's top 20 shipbuilders.
The Group's clients include leading plant owner operators, shipbuilders and engineering contractors such as Aibel, Aker Kvaerner, ALSTOM Power, Andritz, Areva NP, BAE Systems, BASF, BP, CB&I, Chevron, China National Nuclear, CNOOC Offshore Oil Engineering, Daewoo Shipbuilding & Marine Engineering, ExxonMobil, Hyundai Heavy Industries, Jacobs, Mitsubishi Heavy Industries, Petrofac, Product Services Network (PSN), SBM, Shell, Sinopec Engineering
SNC Lavelin, TKMS – Thyssen Krupp Marine System, Uhde, VT Shipbuilding, Wood Group (Alliance & Mustang) and Worley Parsons .
Headquartered in Cambridge, England, AVEVA Group plc and its operating subsidiaries currently employ more than 700 staff worldwide with offices in England, Australia, Canada, China, France, Germany, Hong Kong, India, Italy, Japan, Malaysia, Mexico, Norway, Russia, Saudi Arabia, Singapore, Sweden, South Korea and the USA.
For further information, please contact:
Joseph Krol Becky Stevens
AVEVA Virtual Marketing LLC
Tel: (713) 977-1225 Tel: (713) 444-6860