Aveva targets Brazil

25th Jan 2010 07:06

Trading in the final quarter of 2009 at engineering data and IT systems provider Aveva was ‘satisfactory’, leaving the company on track to meet full year targets.Though the marine market has remained becalmed, the oil, gas and power markets have been resilient the world over, benefiting from continuing projects and demand from new economies.Management has identified Brazil as a particularly fast growing market and has accordingly continued to invest in office expansion and boosting the size of the local workforce.‘Although some uncertainty remains in our underlying markets we continue to make investments in both expanding our geographical presence and product enhancements to ensure that AVEVA benefits from both short and long-term opportunities,’ said chief executive Richard Longdon.