AVEVA
Cambridge-founded industrial software company, wholly owned by Schneider Electric since January 2023. Its software covers engineering design, operations and performance, and it is due to absorb Cognite.
Industry: Industrial software | Location: Cambridge, United Kingdom | Founded: 1967
About AVEVA
AVEVA is an industrial software company whose products support engineering design, capital project execution, operations, monitoring and optimization in industries such as energy, manufacturing and infrastructure. Its website lists Wonderware, OSIsoft, Invensys, Tribon and Citect among the brands in its heritage and says it works with more than 6,000 system integrators and original equipment manufacturers. Wikipedia gives its headquarters as Cambridge, England. AVEVA is wholly owned by Schneider Electric.\n\nThe company began in 1967 in Cambridge as the Computer-Aided Design Centre, a government-funded research institute. It became a private company in 1983, was taken private again in a 1994 management buyout led by Bob Bishop, listed on the London Stock Exchange in 1996 and adopted the name AVEVA in 2001. In 2018 it combined with Schneider Electric's industrial software business in a reverse takeover that gave Schneider 60 percent. Schneider agreed in September 2022 to buy the rest for about 3.87 billion pounds, and the deal completed on 18 January 2023, ending the London listing.\n\nAVEVA bought Tribon in 2004, Bocad in 2012, 8over8 in 2015 and, in March 2021, the data company OSIsoft, after agreeing a $5 billion price in 2020. Caspar Herzberg has been chief executive since March 2023; he was previously AVEVA's chief operating officer and chief revenue officer and led Schneider's business in the Middle East and Africa. Brian DiBenedetto is chief financial officer.\n\nIn September 2021 AVEVA and Aramco announced their intention to form a strategic alliance, under which AVEVA planned its largest digital hub in the Middle East, headquartered in Saudi Arabia, and up to 300 skilled jobs there by 2030. At AVEVA World in Milan in May 2026 it announced an agreement to acquire Twinthread, a collaboration linking its AVEVA CONNECT platform to Snowflake, a multi-year agreement with Amazon Web Services and a partnership with IFS.\n\nWikipedia reports 2022 revenue of 1,185.3 million pounds and a net loss of 62.6 million pounds, its last figures as a listed company. On 30 June 2026 Schneider agreed to buy Cognite for $3.1 billion and said Cognite would be integrated into AVEVA.
Leadership
- Caspar Herzberg, Chief Executive Officer
- Brian DiBenedetto, Chief Financial Officer
- Sue Quense, Chief Commercial Officer
- Rob McGreevy, Chief Product Officer
- Arti Garg, Chief Technologist