Monday, January 25, 2016

Dutch software can prevent accident on oil rig – Financieele Dagblad

Still waters run deep. Neil Currie worked in relative silence and his business partner Gijsbert de Regt on their start-up that now, after eight years, 40% of the largest oil and gas companies in Europe and the Middle East as a customer. But the two Hague cherishes even greater ambitions because that percentage pursue them even in a few years in the Far East and North and Latin America. eVision is a world leader in so-called ‘control of work’ software, Currie said in his stately office overlooking the Hofvijver.

Currie explains what his software industry. Instead of paper timesheets – ‘permits’ – employees can work on ships, oil rigs and refineries with a device using radio waves codes or ‘tags’ read attached to key parts of the installations. Therefore the staff know if they are in the right part during repair or maintenance. “By digitizing business processes, we can prevent accidents and to business people and equipment more effectively.

founders of eVision: Neil Currie (left) and Gijsbert de Regt. In the background ceo Peter Kortenhorst. (Photo: Wiebe Kiestra)

new standard

Safety and efficiency are increasing. That’s two birds with one stone. Currie refers to the sinking of the Piper Alpha offshore oil production platform in the North Sea where in 1988 an explosion killed 167 people. But especially since the sinking of the Deepwater Horizon drilling rig in the Gulf of Mexico in 2010 oil and gas companies extra attention to their security protocols. Here comes the low oil price at which to operate the sector forces efficiently. Currie: “Actually, we are setting a new industry standard down.

One expert

“Eight years ago Gijsbert and I worked for an oil and gas company,” says Currie, who is a Scottish father and a Dutch mother has. “That company had complicated software that was understood by only one person. It seemed a bit dangerous. ” With the progressive digitization, the duo saw a gap in the market. Five years ago they asked BP and Shell if they could digitize their operations. eVision, then with thirty men, had already played in the spotlight by developing software for Centrica and BG Group. In 2012 and 2013 the contracts were signed.

Predictive ability

eVision provides software as Permit Vision Shift Vision. Therefore sees ‘operational manager’ during maintenance or regular work exactly who is where on any given production. “Our software is super easy to use, and is visual. We owe our success. ” At this time, eVision new software is working on. That collects data and has a strong predictive power, as its name betrays Predictive Vision. By Big collect data, oil companies can better control on operational excellence and cost reduction, because in the sector, the margins due to low oil prices low for the time being.

Cheetah

$ 20 million

Sales in 2014

& gt; 35%

Sales growth in 2015

225

Contributors 30 nationalities

Less than a year ago exchanged eVision have become too tight housing on the Mauritskade for three times larger premises at Lange Vijverberg. It is the same place where not so long ago ‘viceroy’ Piet Hein Donner sat with his Council of State, opposite the turret of Rutte. Meanwhile, the company employs 225 employees of thirty nationalities. In the office working teams who listen to the names of felines as Cheetah, Puma or Lynx, exclusive to large multinationals.

Assets ends meet

Ten compared to last year, the order book grew by 100%. Many profit eVision has not yet held, because the proceeds were still invested in the company and the product. With almost € 16 million in cash – € 13.5 million from the European Investment Bank (EIB) and the € 2.3 million of the Horizon 2020 grant from the European Commission – the company can further expand. Currie: “First we built software for only one asset. Now we all nodes worldwide assets together. With our software, a business can see at a glance whether their operations in the world “in control everywhere ‘are.” Real-time statement of fitness “, we say.”

Risks control

Currie is surprised by the fact that companies from the oil, gas and (petro) chemical sector have been able to operate as they have done so far. “Listed companies are not waiting for a new” blow out. “It is inconceivable that companies still operate as they did in last did centuries shareholders, but also insurers and governments require that companies manage their risks and want you can show real time with our software that “

No rush

Since the founding of the rapid growth of eVision wanted in the right direction, they asked Peter Kortenhorst as CEO, the former banker who his career within a stone’s throw away forty years ago began with Mees & amp; Hope. Kortenhorst, which attract in 2007 as CEO of Connexxion for the Ministry of Finance won the first prize with the sale of the public transport company, managed the last two years, significant funding for eVision. “I get almost daily approached by private equity and strategic partners,” says Kortenhorst, which does not exclude a term IPO. “We remain a company with only Dutch shareholders, I can hardly imagine. But we do not hurry “

Read also:. Software Builder receives € 13.5 million from EIB

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