ProCon, 8over8’s flagship product, is a risk management software platform that connects owner operators and engineering procurement construction companies (EPCs) throughout the project life cycle.
ProCon can be deployed onsite 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 on a global scale, ProCon is firmly established in the largest capital-intensive energy projects in the world.
AVEVA CEO Richard Longdon said now more than ever customers are seeking improved project control and reduced risk to their capital investment programs. He said his company was responding to the needs of all the industries served to help its OO customers maximise their return on capital investment. AVEVA is also focused on ensuring its EPC customers drive greater efficiency, enhancing their profitability and competitive differentiation while providing a global platform to accelerate the rollout of ProCon.
“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,” Longdon said.
8over8 CEO Clare Colhoun said delays and cost overruns were costing billions of dollars and the need for capital discipline had never been greater.
“We have enjoyed rapid expansion in the adoption of the ProCon platform and emerged as the leader in contractual risk management software,” she said.
“Joining AVEVA gives us the chance to take ProCon to an even wider global market and I’m excited by the opportunities this acquisition brings for our customers, solutions and employees. We will certainly benefit from AVEVA’s global network of professionals, industry expertise and commitment to technology innovation.’
8over8 has offices in Europe, North America, Australia and the Middle East.
Headquartered in Derry, Northern Ireland, 8over8 provides contractual risk management solutions to owner operators of large capital projects in the oil and gas and mining sectors.
