Invensys Operations Management has acquired Spiral Software, a privately held company headquartered in Cambridge, UK.
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 crude oil knowledge management tools help companies track the quality of feedstocks and predict their refining behaviour.
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.”
“This acquisition complements our existing refinery-wide optimisation strategy and leverages our SimSci-Esscor modeling and optimisation 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 optimise the entire refining value chain, from crude trading to supply-chain distribution, including lifecycle modeling from design to start up to performance optimisation.
"With this acquisition, we are able to offer the only full-span optimisation solution on the market today, one that will help our customers reap cost savings and margin improvements that could total millions of dollars each year.”
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.
“Combined with Invensys Operations Management’s existing refinery optimisation offerings, our capabilities in feedstock data management and refinery supply chain optimisation will allow us to provide a unique, end-to-end solution across the full oil sector value chain,” said Matthew Webster, chief executive officer, Spiral Software.
"Together, our next-generation tools will enable companies to make the best business decisions using real-time market and operational data.
The business will continue to be managed by Spiral Software’s existing executive team, adding employees to Invensys operations in the UK and North America.