AVEVA to Transition to Subscription Business Model to Foster Flexible Industrial Innovation

Author photo: Craig Resnick
ByCraig Resnick
Company and Product News

AVEVA, a global provider of industrial software, has announced its portfolio-wide transition to a subscription business model. To help accelerate access to more modern solutions and meet dynamic business needs, customers can trade-in their existing perpetual licenses for Subscription Business Modelsubscriptions spanning any mix of cloud, hybrid, and on-premises solutions across the design-operate-optimize industrial lifecycle.

The AVEVA Flex subscription program is one of the company's business models for its customers to purchase and consume its industrial software. It can help to reduce upfront costs by as much as 65 percent, while enabling greater flexibility and scalability to respond to changing business needs, industry standards, and regulatory requirements.

New licenses for major engineering and operations solutions in AVEVA’s software portfolio are now subscription only, and the company has set a target to transition 80 percent of customer licenses from perpetual to subscription by 2025.

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