A world-leading engineering software provider to the plant, power and marine industries, AVEVA is 50 years old and has significantly expanded its range of software tools and technologies for some of the world’s leading industrial businesses. It has more than 4,000 customers and operates worldwide.
In 2018, AVEVA combined with French company Schneider Electric’s industrial software business to create a Cambridge-anchored £3 billion powerhouse.
The combined AVEVA-Schneider Electric business, anchored in Cambridge, has grown revenue after a transformative year to March 31, 2019. On a pro forma basis, revenue for the combined group grew 11.9 per cent to £775.2 million. AVEVA retains net cash and deposits of £127.8m – up from £95.8m year-on-year.