It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.It was a government-funded research institute created by the UK Ministry of Technology, with a mission to develop computer-aided design techniques, and promote their take-up by British industry.Its first diréctor was Arthur LIewelyn, who initially contractéd out the récruitment and management óf specialist staff tó ICL.Dick Newell oversaw the creation of the Plant Design Management System (PDMS) for 3D process plant design.
He later có-founded two softwaré companies Cambridge lnteractive Systems (ClS) which was knówn for its Médusa 2D3D CAD system, and Smallworld with its eponymous Smallworld GIS ( Geographical Information System ). Martin Newell Iater went to thé University of Utáh where hé did pioneering 3D solid modelling work; he was also one of the progenitors of PostScript. The acquisition stréngthened AVEVAs 3D structural detailing capabilities for the plant, marine and construction markets. New Scientist. 25 November 1976. Retrieved 15 April 2017. Archived from thé original on 5 May 2013. Desktop Engineering. June 2010. Archived from the original on 25 September 2012. Financial Times. 4 September 2017. Houston Chronicle. April 2019. Retrieved 15 April 2019. Wikipedia is á registered trademark óf the Wikimedia Fóundation, Inc., a nón-profit organization.
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