HOUSTON, Dec. 14 /PRNewswire/ -- AVEVA Group plc (LSE: AVV) announced
today that it has been selected by Red Herring magazine as one of the
inaugural Red Herring Small Cap 100 companies. The editors of Red Herring
evaluated over 2,500 technology companies from North America, Europe, and the
Asia-Pacific region for the award. A full listing of companies can be found at
http://www.herringevents.com/rhfall05/index.jsp?section=rh100 .
The Red Herring Small Cap 100 were selected for their innovative
technology and smart business models that nurture growth and profitability.
Red Herring's Innovation Index, global perspective, and provocative outlook on
the technology landscape make this list a unique tool for technology and
financial executives.
"The winners on this list are the most competitive, the most innovative,
and the most promising technology companies in the small-cap segment. We hope
that the Red Herring Small Cap 100 list will shine the light on them that they
deserve," said Joel Dreyfuss, Editor-in-Chief of Red Herring magazine.
AVEVA is a leading provider of plant design and engineering lifecycle
solutions to the marine, process, and power industries. The company reported,
for the year ended March 2005, a growth in turnover of 51% over 2004, and has
grown consistently since 1967 on the strength of pioneering engineering
technology that protects the information assets of its customers. In 2004,
AVEVA was named one of Forbes Magazine's "100 Best Smaller Enterprises Under a
Billion."
"AVEVA is honored to be recognized by Red Herring for our technology,
success in our industry, and long-term growth prospects," commented Richard
Longdon, CEO of AVEVA Group plc. "The group has shown outstanding double-digit
growth in business, profits, and revenue over the last two years. In the last
year, AVEVA has continued to see a steady increase in the number of long-term
oil and gas projects around the world with signs that this success will
continue in the future. Forty-four $1.8 billion offshore developments,
thirteen $2.6 billion refineries, twenty-seven $1.8 billion LNG plants and
eleven $6.2 billion petrochemical plants are currently scheduled to be built
over the next 10 years that will utilize design and engineering solutions like
ours. We are very optimistic about the future."
The award ceremony for the Small Cap 100 will be held during the Red
Herring Fall 2005 conference, December 13th-15th in San Francisco, California.
All award winners will be profiled in issue #47 of Red Herring magazine, on
sale December 12th.
About AVEVA Group plc
AVEVA Group plc, headquartered in Cambridge, England, is one of the
world's foremost and fastest-growing lifecycle engineering IT solutions and
services providers to the oil and gas, paper and pulp, power, chemical,
pharmaceutical and shipbuilding industries. The Group's history of innovation
spans five decades and has produced most of today's major engineering IT
technologies. Serving over 1500 clients, AVEVA has a dominant position in many
market sectors both on and offshore. In May 2004, the Group acquired Tribon
Solutions AB, the market-leading shipbuilding solution company and now serves
85% of the world's top 20 shipbuilders.
About Red Herring Events
Red Herring events have long delivered clear and intelligent insight into
the critical trends shaping the future of technology. We bring together
industry leaders, venture capitalists, entrepreneurs, and our own business
intelligence team to share ideas and present our research-based discoveries.
Participants explore the strategic shifts and disruptive impact that new
technologies will have in key U.S. and international markets. Along the way,
they will get a glimpse of the future. Additional information is available at
http://www.redherring.com/events .
SOURCE AVEVA Group plc
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Related links:
http://www.aveva.com
http://www.herringevents.com/rhfall05/index.jsp?section=rh100
http://www.redherring.com/events
CONTACT:
Delores Edwards of AVEVA, +1-713-977-1225, or
delores.edwards@aveva.com ; or Becky Stevens of Virtual Marketing
LLC, +1-713-444-6860, or becky.stevens@virtualmarketing-pr.com ,
for AVEVA Group plc
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