Aveva Acquires Global Majic’s Simulation Software Suite

Press Release
Monday, December 17, 2012

Advanced visualization technology complements Aveva’s solutions for plant Owner Operators.



 Aveva has  announced the acquisition of all assets relating to the advanced visualisation and simulation software of Global Majic Software, Inc. (GMS). This strategic acquisition includes all Intellectual Property Rights which will be used to support Aveva’s growing simulation offering for plant Owner Operators. The highly skilled GMS team will become a part of Aveva’s simulation development program to deliver world-class 3D interactive virtual environments to our customers.  GMS’s industry-proven simulation products complement Aveva’s existing visualisation technology by providing an immersive environment that enables virtual access to plant facilities for the purposes of inspection, training and maintenance review, minimising the need to expose staff to on-site hazards.



The acquisition also brings immediate benefits to Aveva’s laser technology that makes it possible to cost-effectively create ’as-built’ 3D models of existing facilities.  These accurate 3D models are increasing the demand for simulation environments in which Owner Operators can safely and remotely train contractors and staff in a highly realistic virtual environment away from the dangers of on-site working.



“Plant Owner Operators are increasingly looking at software to help innovate, improve safety and generate efficiencies”, added Derek Middlemas, COO and Head of Enterprise Solutions, Aveva. Our customers have a business imperative to understand every aspect of their operating assets. The GMS software in combination with our own technology will bring a vastly improved simulation experience enabling a reduction in the number of people exposed to hazardous on-site working environments while improving operational efficiency.”
 


 “We have many years’ experience creating high-quality virtual environments for clients who need to safely train and familiarise staff on dangerous or difficult to access sites,” said Gary Hufford, CEO, Global Majic Software Inc. “When Aveva first approached us and suggested we join them, we immediately recognized the exciting benefits that we can offer to our joint customers.  We share the same vision about the increasingly important role that virtual environments will play in enhancing asset performance and reducing operational risk and look forward to bringing our products to Aveva’s customers.”
 


“Over many decades we have continually brought forward innovation in the field of plant visualisation” said Richard Longdon, Chief Executive Officer, Aveva. “The addition of the GMS team is further proof of our commitment to this ideal. I am delighted to welcome our new colleagues and their advanced simulation software to Aveva. The acquisition enables us to take a major step forward which will further differentiate Aveva  from our competitors by delivering advanced simulation capabilities around the digital plant that will provide significant time, cost and safety benefits to our customers.”

 


People & Company News

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Technology

NASA May Send Submarine to Titan

NASA has unveiled plans to send a submarine into the depths of the largest ocean of Saturn's biggest moon, Titan in a bid to explore the depths of its largest ocean.

Scorpene Submarine Data Leak: Setback to Indian Navy

India has began multiple investigations to determine the extent of damage caused by the reported massive leak of secret data detailing the combat and stealth capabilities

NOAA Engineers a Better Current Sensor for Mariners

Navigating into seaports is now safer and more efficient for mariners thanks to improved NOAA technology that ships rely on to give them information about currents.

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Naval Architecture

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

MV WERFTEN, Foreship Sign Design Agreements

MV WERFTEN signed a letter of intent with the engineering company Foreship in Stralsund today. The agreement includes parts of the basic design as well as design,

Zumaia Offshore Acqires MPP Workboat Aitana B

In April 2016 Zumaia Offshore, S.L., leading workboat owner and operator based in the Basque Country, took delivery of the Cummins-powered MPP workboat “Aitana

News

Coast Guard Foundation Awarded 128 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

NASA May Send Submarine to Titan

NASA has unveiled plans to send a submarine into the depths of the largest ocean of Saturn's biggest moon, Titan in a bid to explore the depths of its largest ocean.

Software Solutions

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

Mergers & Acquisitions

Hapag-Lloyd Shareholders Okays Merger with UASC

Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the  share capital increase needed

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1133 sec (9 req/sec)