Traded as LSE: AVV Products See below | Area served Worldwide Revenue 208.7 million GBP (2015) Founded 1967 | |
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Type Holding company(Public limited company) Industry Information TechnologyTechnology consultingCAD/CAM SoftwareEnterprise Solutions Key people Philip Aiken (Chairman)Richard Longdon (CEO)James Kidd (CFO)Derek Middlemas (COO)Dave Wheeldon (CTO) Stock price AVV (LON) 1,920.00 GBX -25.00 (-1.29%)3 Mar, 11:42 AM GMT - Disclaimer Subsidiaries AVEVA Instrumentation, AVEVA KK Profiles | ||
AVEVA Group plc is a British multinational information technology company headquartered in Cambridge, United Kingdom. It provides engineering design, information management solutions, and CAD/CAM software, including specialised technology consulting services for the plant, power and marine industries. AVEVA grew out of the government-funded Computer-Aided Design Centre which was established in 1967.
Contents
AVEVA is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The origins of AVEVA start in 1967 in Cambridge, UK, with the establishment of the Computer-Aided Design Centre or CADCentre as it was more commonly referred to, and later formally became. It was a government-funded research institute created by the UK Ministry of Technology, with a mission to develop computer-aided design techniques, and promote their take-up by British industry. Its first director was Arthur Llewelyn, who initially contracted out the recruitment and management of specialist staff to ICL.
The centre carried out CAD research, and some of its early staff members, such as brothers Dick Newell and Martin Newell, went on to become well known in the worldwide CAD community. Dick Newell oversaw the creation of the Plant Design Management System (PDMS) for 3D process plant design. He later co-founded two software companies – Cambridge Interactive Systems (CIS) which was known for its Medusa 2D/3D CAD system, and Smallworld with its eponymous Smallworld GIS (Geographical Information System). Martin Newell later went to the University of Utah where he did pioneering 3D solid modelling work; he was also one of the progenitors of PostScript.
Along with the Cambridge Science Park, CADCentre was one of the original companies involved in what became known as the Cambridge Phenomenon – the transformation of Cambridge from a university town into one of the world's high technology centres within a few years in the late 1970s and early 1980s.
CADCentre became a private company in 1983, was the subject of a management buyout in 1994 and became a publicly quoted company in 1996. It changed its name to AVEVA in 2001.
Acquisitions
Operations
AVEVA has about 55 offices in more than 37 countries. It is organised as follows:
AVEVA is currently seeking to improve its market share in the United States and BRIC countries.
Products and services
The company provides engineering design, information management solutions, technology services, and CAD/CAM software for the engineering industries. It is organised into three divisions: Plant solutions, Marine solutions and Enterprise solutions.
Marketing and branding
AVEVA marketing campaigns' slogan is "Continual Progression".
Leadership
Recent leadership of the company has been: