15-10-2012
Invensys Operations Management acquires Spiral Software
Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the manufacturing and infrastructure operations industries, today announced that it has acquired Spiral Software, a privately held company headquartered in Cambridge, the United Kingdom.
Founded in 1998, Spiral Software provides integrated solutions ranging from crude assay management to refinery supply chain optimization, enabling clients to make the best possible choices in trading and refining crude oil. Spiral's industry-leading crude oil knowledge management tools help companies track the quality of feedstocks and predict their refining behaviour. Fully-integrated refinery planning and scheduling help optimize production plans based on real-time crude demand and market pricing, as well as the refinery's own capacity and supply chain constraints.
"Acquiring Spiral Software strengthens our leadership position in the hydrocarbon processing industry and reinforces our commitment to helping our HPI customers optimize all aspects of their business operations," said Mike Caliel, president and chief executive officer, Invensys Operations Management. "Spiral software further extends our refinery optimization solutions in support of our global installed base and gives us the most comprehensive portfolio in the refining and petrochemical industries. By continuing to expand our portfolio, we are well positioned to compete on global pursuits in these strong and growing markets."
"This acquisition complements our existing refinery-wide optimization strategy and leverages our SimSci-Esscor modeling and optimization offerings for the hydrocarbon processing industry," said Ravi Gopinath, president of Invensys Operations Management's software business. "Spiral Software provides the only integrated refining-industry solution designed from the ground up, bringing together feedstock data management, planning and scheduling. This means that our SimSci-Esscor offerings will now fully support and optimize the entire refining value chain, from crude trading to supply-chain distribution, including lifecycle modeling from design to start up to performance optimization. With this acquisition, we are able to offer the only full-span optimization solution on the market today, one that will help our customers reap cost savings and margin improvements that could total millions of dollars each year."
Spiral Software's crude oil knowledge-management tools provide accurate and timely crude oil information across an enterprise, from ranking crude oils in trading to optimizing refinery processes and maximizing reliability. Spiral Software's planning and scheduling solution provides a collaborative, multi-user environment for sharing common data and models across all supply chain work processes. Planning activities, such as crude purchasing and product sales, can now be flexed continuously with the production schedule, reacting to market and operating conditions. In parallel, scheduling decisions can be made with an understanding of their commercial impact while avoiding boxed-in scenarios. Its integrated risk-analysis feature enables users to look across many different planning and scheduling scenarios, helping refiners understand their exposure to changes in feedstock costs, product demand and refinery operations.
"Combined with Invensys Operations Management's existing refinery optimization offerings, our capabilities in feedstock data management and refinery supply chain optimization will allow us to provide a unique, end-to-end solution across the full oil sector value chain," said Matthew Webster, chief executive officer, Spiral Software. "Together, our next-generation tools will enable companies to make the best business decisions using real-time market and operational data.
"Our customers will continue to work with the same strong Spiral Software team and continue to receive the same exceptional products and service, now backed by a company with global capabilities and an excellent worldwide reputation for providing industry-leading software and solutions to the oil sector."
The business will continue to be managed by Spiral Software's existing executive team, adding employees to Invensys operations in the United Kingdom and North America.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024