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Top 10 Things You Need To Know About Aveva

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Photo Credit: Aveva

Aveva is one of the industry-leading British multinational IT consulting companies. The company aims to provide professional IT support across various industries and has grown since its emergence.

This article will cover the top 10 things you need to know about Aveva. So, if you’re interested in the company, read more.

1. The Origins of Aveva

Photo Credit: Aveva

Aveva was originally established in 1967 in Cambridge, England. It was originally known as CADCenter but was changed to Aveva later on. Aveva was a government-funded research institute the UK Ministry of Technology created to cater to the computer-science world and develop computer-aided design techniques.

In 1983, CADCenter (Aveva) became a privately owned company and later got its first managing director, Dr. Bob Bishop. Moreover, the company became public in 1996, when the name Aveva came into being.

2. The History of Aveva’s Acquisitions

So far, Aveva has acquired 12 companies. These companies are well known, but the most recent acquisition was OSISoft on August 25, 2020. They acquired the company for $5 Billion. Here’s the list of companies that Aveva has acquired:

  • OSISoft
  • Schneider Electric Software
  • Fabtrol Systems
  • 8over8
  • Global Majic Software
  • Z+F UK
  • Logimatic – MARS
  • ADB Systemer – Oil & Gas
  • iDesign Office Pty Ltd

3. The Motivation Behind Aveva’s Rise into Being

Aveva’s rise to fame was at two different points. The first one was when it was originally made as CADCenter. Originally, it was a research facility to design CAD and promote their takeup by British Industry.

Modern Aveva caters to the needs of different industries and provides them with solutions like Engineering, Operations, Data management, Digital Transformation, Cloud Services, and a lot more.

4. France’s Schneider To Buy Rest of Aveva

Photo Credits: Wikimedia Commons

In 2017, Schneider already owned around 60% of Aveva for $3 Billion; however, now the French company wants to acquire the whole of Aveva. The French-owned company is considering buying the UK’s IT company, but the deal is still underway. We’ll need to wait and see whether it’s fully done. However, in reports, Schneider did consider the idea of owning the whole company.

5. The Revenue History of Aveva

According to Aveva’s financial report, they made $1.55 Billion in revenue in 2022, it’s a big increase compared to 2021. It was a 38.09% increase compared to the previous year, making Aveva one of the most exciting IT companies in the UK.

6. Industries Covered by Aveva

Aveva covers a lot of industries, including chemical, data mining, computer, electronics, industrial manufacturing, information technology, simulation, and software. Even since its emergence, the company wasn’t set to cater to a single industry, but its main focus was designing CAD for various industries.

With unique services for each industry mentioned above, Aveva has been making its name as one of the biggest IT companies in the UK.

7. The Aveva Stadium

Photo Credits: Wikimedia Commons

The Aveva Stadium, also known as SaberCats Stadium, was opened by Aveva back on April 13th, 2019. This stadium was specifically built for use by Major League Rugby in the United States.

At first, the stadium was opened as the Aveva Stadium, but later on, it was changed to SaberCats Stadium after the naming rights were ended.

8. Missions and Values of Aveva

Aveva’s modern goal is to create the planet better using technological advancements. From safe water, food, and medicines, to vital energy and more, Aveva’s mission is on a global level, and they deliver as well.

The company’s mission is to make a difference locally and globally, doing business transparently and honestly, choosing a sustainable option for the environmental benefit, and leading by example.

When it comes to Aveva’s values, they put customers first. Moreover, they balance short and long outcomes; their whole idea is to create exceptional products and deliver good quality.

9. Locations Aveva is Situated In

While Aveva is mainly in the United Kingdom, they have offices worldwide. Aveva is situated in Argentina, Australia, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, India, Ireland, Italy, Japan, Kuwait, Malaysia, Mexico, Nigeria, Norway, Oman, Poland, Qatar, Romania, Singapore, South Korea, Spain, Sweden, Taiwan, Turkey, UAE, UK, USA, and Thailand.

A surprising fact about Aveva is that they have offices in multiple cities in some of the companies above.

10. Year by Year Financials

Being an industry-leading company, Aveva keeps growing. Their numbers throughout the years have been massive, and Aveva is still making a name for itself in IT. For 2022, the company made a total revenue of 1.2 billion pounds. Compared to 2021, where the company made around 820.4 million pounds, it drastically improved. Throughout history, Aveva has been set to keep improving with time.

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