13th Jul 2005 07:00
AVEVA Group PLC13 July 2005 13 July 2005 AVEVA Group plc VANTAGE Enterprise Net ("VNET") analyst & investor introduction AVEVA Group plc, the engineering software and services group, is hosting today,Wednesday 13th July, an analyst & investor introduction to its industry-leadingsolution VANTAGE Entreprise Net ('VNET'). As well as being an important strategic opportunity for AVEVA, VNET represents afirst for the engineering software industry. It enables common applications tobe integrated to create an internet-based information portal allowing customersto view and manipulate information throughout the lifecycle of an engineeringproject. Whereas AVEVA has traditionally generated revenues from the design phase of aproject, VNET enables AVEVA to capture revenues through the operating andmaintenance phase of the same project. In addition, as the product is agnosticabout the data format, it can be integrated with AVEVA and competitors'products. The event will take place at 4:30 pm at the offices of Hudson Sandler, 29 ClothFair, London EC1A 7NN. Management will provide attendees with a more detailedinsight into the product and enhance their understanding of the marketopportunity. Richard Longdon, Chief Executive, commented: 'VNET has enormous potential withinthe engineering community. Our customers are finding that VNET is instrumentalin reducing the time and costs of an engineering project, and this gives usconfidence that it will represent a significant growth opportunity for thebusiness and will generate strong returns.' Further enquiries:Hudson Sandler Tel: 020 7796 4133Sandrine Gallien / James Hill This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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