Invensys Operations Management has announced that it has acquired Spiral Software, a privately held company headquartered in Cambridge, United Kingdom. Founded in 1998, Spiral Software provides integrated solutions ranging from crude assay management to refinery supply chain optimisation, 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 feedstock and predict their refining behaviour. Fully-integrated refinery planning and scheduling help optimise 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 optimise all aspects of their business operations,” said Mike Caliel, president and chief executive officer, Invensys Operations Management. “Spiral software further extends our refinery optimisation 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.”
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 optimising refinery processes and maximising 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.
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.
For more information contact Jaco Markwat, Invensys Operations Management, +27 (0)11 607 8100, [email protected], www.iom.invensys.co.za
© Technews Publishing (Pty) Ltd | All Rights Reserved
printer friendly version