The big data movement is giving a boost to UK-based software development business Arria NLG, who builds mission critical enterprise level software for the oil and gas industry (e.g. monitoring large scale machinery on oil and gas production platforms), and was spun out of research from the University of Aberdeen. The company is about to be admitted to the AIM, with trading scheduled to start on December 5 2013. It has an initial capitalisation of £102.3m.
The goal of the AIM listing is to raise its profile and support the development of the Arria NLG brand internationally, as well as to gain access to equity capital and help with the recruitment of new employees to enable further growth. Arria NLG has raised $40m in private funding over the past 15 months. The oil and gas industry continues to invest in technology (as Delcam and Aveva can attest to) so Arria is operating in an active area and the big data aspect is not something that will run out of stream any time soon. It will be interesting to watch Arria’s progress.