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AVEVA announced that it has acquired 8over8 Limited. This acquisition provides the software platform for AVEVA to address the current global need for increased project control, capital discipline, minimizing project overruns, and delivering improved efficiency in operations.
8over8's flagship product is ProCon, a risk management software platform that connects Owner Operators (OOs) and Engineering Procurement Construction companies (EPCs) throughout the project life cycle. ProCon can be deployed on site, or through a privately managed cloud, providing real-time risk management for major capital projects. Trusted to manage contract execution in multi-billion dollar capital projects globally, ProCon is firmly established in the largest capital-intensive energy projects in the world.
By acquiring 8over8, AVEVA is uniquely placed to ensure both technical and contractual integrity changes are captured during the project life cycle and provides further proof of AVEVA's ongoing strategy to grow its business both organically and through acquisition.
Keywords: Risk Management, Project Control, Capital Discipline, Owner Operators (OOs), Engineering Procurement Construction (EPCs), ARC Advisory Group.