Invensys acquires provider of refinery supply chain optimization software
HOUSTON — Invensys Operations Management, provider of technology and software to what it terms the “infrastructure operations industries,” 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 crude oil knowledge management tools help companies track the quality of feedstocks and predict their refining behavior. 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
“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.”
Invensys says 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.