AVEVA Group plc.

AVEVA Group plc is a British multinational industrial software company headquartered in Cambridge, United Kingdom. Founded in 1967 as the Computer-Aided Design Centre by the UK Ministry of Technology and Cambridge University, it specializes in engineering, design, and operational software for asset-intensive industries. The company's primary segments lude Engineering Software (3D design and simulation, 40% of revenue), Operations Software (asset management and optimization, 30%), and Planning & Optimization (digital twins and analytics, 30%). AVEVA operates in 100+ countries with 6,500 employees, serving chemicals, oil & gas, energy, power, utilities, infrastructure, mining, metals, manufacturing, and transportation sectors through a portfolio of solutions like AVEVA E3D Design and PI System. Acquired by Schneider Electric in 2023 for £4.7 billion, it leverages Schneider's industrial expertise. Its supply chain involves third-party cloud and data vendors, with TPRM per Schneider's 2024 Annual Report emphasizing ISO 27001, GDPR, and ESG for data security and supply chain resilience, luding vendor audits for sustainable sourcing and net-zero by 2030. The company invests in AI for industrial IoT. In FY 2023 (pre-acquisition, ending March 31), AVEVA reported revenues of £1.55 billion ($1.95 billion), up 38% from 2022, with adjusted operating profit of £250 million; post-acquisition, it contributes to Schneider's digital transformation revenues exceeding $22 billion in 2024.