• Benefits include lower upfront costs, faster ROI, improved scalability, and greater business agility
  • By 2025, the global leader in industrial software aims to transition 80 percent of customer licenses to a subscription business model

Dubai, United Arab Emirates - AVEVA, a world leader in industrial software, has announced its portfolio-wide transition to a subscription business model. To accelerate access to modern solutions and meet dynamic business needs, customers can trade-in their existing perpetual licenses for subscriptions spanning any mix of cloud, hybrid, and on-premises solutions across the design-operate-optimize industrial lifecycle.

The AVEVA Flex subscription program revolutionizes the way industrial software is purchased and consumed. It can help reduce upfront costs as much as 65%, while enabling flexibility and scalability to respond to changing business needs, industry standards and regulatory requirements.

New licenses for major engineering and operations solutions in AVEVA’s software portfolio are now subscription only, and the company has set a target to transition 80 percent of customer licenses from perpetual to subscription by 2025.

Saadi Kermani, Vice President of Cloud Platform and Digital Business at AVEVA, said: “Industrial organizations, taking a hybrid approach to their software architectures, are capitalizing on the increased data insights and functionality that cloud-based solutions provide - without giving up much-needed tools on-premises. A single subscription program that spans edge-to-cloud solutions and from engineering to operations can empower teams to connect and collaborate in new and agile ways.

He added: “As opposed to traditional perpetual software, where ownership creates incentives to use dated and potentially unsupported software over time, AVEVA Flex instead ensures you are always on your software’s latest, most capable version—and you always know what your software costs are.”

European Energy uses AVEVA Unified Engineering in the cloud to enable a scalable, secure engineering workflow across their global footprint to empower their latest Power-to-X projects.

Power-to-X technology produces green e-methanol based on renewable wind, solar, and bio-waste energy sources. As projects ramp up around the world, a flexible software subscription model allows tighter control and alignment between technology investment and business requirements.

Michala Mulvad-Thiim, senior project manager of European Energy said: “Our vision is to be a major global force in driving the green energy transition. To achieve that requires innovative approaches. AVEVA Flex subscription removes the barriers to innovation and will be instrumental to our success.”

About AVEVA Flex

AVEVA Flex is an innovative, flexible credits-based system that spans any mix of SaaS, hybrid, and on-premises solutions across AVEVA’s comprehensive portfolio. It enables businesses to centralize all AVEVA software within a single contract. Further, AVEVA’s easy-to-use central license management portal gives IT and admin teams access to real-time data on software usage that puts them in full control of their technology, better managing compliance and costs.

The transition to subscription licensing aligns with AVEVA’s strategy to help industries accelerate digital transformation to advance innovation, while enabling the responsible use of the world’s finite resources. To learn more about AVEVA Flex subscription program, please visit: https://www.aveva.com/subscription

About AVEVA

AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. The company’s secure industrial cloud platform and applications enable businesses to harness the power of their information and improve collaboration with customers, suppliers, and partners.

Over 20,000 enterprises in over 100 countries rely on AVEVA to help them deliver life’s essentials: safe and reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA enables teams to engineer efficiently and optimize operations, driving growth and sustainability.

Named as one of the world’s most innovative companies, AVEVA supports customers with open solutions and the expertise of more than 6,400 employees, 5,000 partners and 5,700 certified developers. The company, which has operations around the globe, is headquartered in Cambridge, UK. Learn more at www.aveva.com 

About European Energy

European Energy is a Danish developer of solar and wind farms as well as PtX solutions. The company was founded in 2004 and has since developed and built almost four GW of renewable energy in over 26 different countries. By the end of 2022, the company is engaged in the development of renewable energy projects with a total energy capacity of over 60 GW distributed over 26 countries.

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