ICORR - Integridad y Corrosión

What ICORR - Integridad y Corrosión does

ICORR - Integridad y Corrosión is an Argentine privately held engineering and software firm founded in 2010 and headquartered in Mar del Plata, Buenos Aires. The company serves the oil, gas, and petrochemical industries with a dual offering: specialized engineering services in integrity management, RBI implementation, corrosion control, failure analysis, fitness-for-service assessments, and material selection; and proprietary risk-based inspection (RBI) software under the IRISK brand, plus a corrosion management product called VCORR. Target customers are enterprise operators of refineries, gas treatment and compression plants, crude treatment facilities, production batteries, and export/transport pipelines, with named clients including YPF, Tecpetrol, Pan American Energy, Total, Pampa Energia, Capex, Oiltanking, and Arauco.

The IRISK platform performs quantitative risk calculations per API RP-580/581 (including the 2020 Addenda) and integrates local Argentine regulations (Resol. 785, Resol. SE E120, NAG 100 Part O) alongside international pipeline standards (ASME B31.8S, API 1160). It is modularized for static equipment and plant piping, atmospheric storage and process tanks, production and transport pipelines, and, as of the IRISK 2025 release, pressure safety valves (PSVs). A dedicated SAP integration module synchronizes installation trees and generates work orders directly in client SAP environments. VCORR, introduced in 2018, administers corrosion control measurement points per NACE RP0775 with georeferencing and dynamic measurement frequency. The company has iteratively released software versions since IRISK 2013 and presents regularly at IAPG and LATINCORR industry congresses to build technical authority.

Revenue is generated primarily through one-time software licensing for IRISK and VCORR, complemented by professional services (integrity program implementation, RBI assessments, inspection support, cathodic protection design including 3D simulation) and technical training courses. Go-to-market is enterprise field sales and direct contact via the Mar del Plata office, supported by event-driven lead generation at regional industry congresses. The company is privately held with no institutional investors, funding rounds, or M&A activity disclosed, and operates with approximately 10 employees focused on a regional Argentine and Latin American market.

Name

ICORR - Integridad y Corrosión

Legal name

ICORR - Integridad y Corrosión

Website

https://icorr.com.ar

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

ICORR is an Argentine privately held firm that develops and licenses the IRISK risk-based inspection software and provides integrity and corrosion engineering services to oil, gas, and petrochemical operators including YPF, Tecpetrol, and Pan American Energy.

Ownership category

akta.pro rank

Product category

Asset Integrity & Risk-Based Inspection Software

NAICS

Engineering Services (541330), Engineering Services (54133), Environmental Consulting Services (541620)

SIC

Oil & Gas Field Services, Nec (1389), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Risk-Based Inspection (RBI), Fitness-for-Service (FFS) & Remaining Life Assessment (EUAEAKAG)

akta.pro secondary industries

Corrosion Control & Asset Integrity Services (Cathodic Protection/Coatings QA) (IMAIACAK), Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC) (EUALABAO)

Keywords

• Risk-based inspection software
• Asset integrity management
• Corrosion management systems
• Pipeline integrity assessment
• Cathodic protection design

Headquarters

HQ city

Mar del Plata

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IRISK RBI Software Licensing: Sale and licensing of IRISK RBI software for risk-based inspection calculation. Includes modules for plants, tanks, pipelines, and PSV evaluation. Software is sold with compliance to API RP-580/581 and local regulations.
2. VCORR Corrosion Software Licensing: Licensing of VCORR corrosion management software for monitoring corrosion control points in oil and gas operations.
3. Engineering and Integrity Services: Professional engineering services including integrity management implementation, RBI programs, corrosion control, inspection support, failure analysis, fitness-for-service assessments, material selection, cathodic protection design, and inspection during plant turnarounds.
4. Training and Certification Courses: Technical training courses including Principles and Prevention of Corrosion, Risk-Based Inspection (RBI), Damage Mechanisms in Industry, Inspector Courses (RBI and Corrosion), Integrity Management Systems, and Corrosion Control Management Systems.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels3 records

Core offering

ICORR develops and licenses proprietary Risk-Based Inspection (RBI) software (IRISK) and corrosion management software (VCORR) for the oil, gas, and petrochemical industries. The IRISK platform enables quantitative risk calculation of equipment, plant piping, storage tanks, pipelines, and safety valves (PSVs) per API RP-580/581, ASME, and Argentine regulations, complemented by inspection planning optimization and SAP integration. The company also delivers engineering services in integrity management, RBI implementation, corrosion control, failure analysis, fitness-for-service assessments, material selection, inspection, and 3D cathodic protection simulation, plus technical training courses.

Product overview

ICORR offers a portfolio of specialized RBI software products centered on the IRISK platform, an integrated Risk-Based Inspection system. The core IRISK platform is extended through specialized modules for plants (equipped piping and static equipment), tanks (atmospheric storage and process), ducts/pipelines (production, transport and distribution), and PSVs (safety valves). An SAP integration module enables work order synchronization. A separate corrosion management product, VCORR, handles monitoring point administration with georeferencing capabilities. The company also provides engineering and consulting services including integrity management, RBI implementation, corrosion control, failure analysis, fitness-for-service assessments, material selection, inspection, and cathodic protection with 3D simulation.

Differentiator

Problem solved

Functional benefit

Brands

• IRISK: Integrated RBI (Risk Based Inspection) software for calculating and managing risk of equipment and piping in plants, tanks, and pipelines. Latest version IRISK 2025 with PSV calculation module.
• VCORR
• IRISK RBI Software
• IRISK Plantas Module
• IRISK Tanques Module
• IRISK Ductos Module

Products and services

• IRISK RBI Software Platform Integrated RBI software platform for quantitative risk calculation, inspection planning, and integrity management of oil and gas facilities. Supports equipment, plant piping, storage tanks, pipelines, and safety valves across onshore and offshore operations with risk projection, geo-referenced GIS visualization, and inspection planning.
• IRISK Plantas Module Calculation and risk management tool for pressure-containing components in process plants including static equipment and plant piping, performing risk calculation entirely according to API RP 581 Addenda 2020 quantitative methodology.
• IRISK Tanques Module Tool for risk analysis and management of atmospheric process and storage tanks with differentiated analysis accounting for geometric particularities, failure modes and consequences, combining internal and external corrosion rates per API RP 581 tank-specific methodology.
• IRISK Ductos Module Tool for risk analysis and management of production, injection, transport and distribution pipelines for gas and petroleum, both onshore and offshore, based on API RP 581 with complementary application of ASME B31.8S, API 1160, BSI PD 8010-3 and IGEM/TD/2 standards.
• IRISK 2025 PSV Module Safety valve RBI evaluation module for unified analysis of safety valves alongside other equipment, systematizing and optimizing selection, scheduling and management of PSV inspection and maintenance activities in compliance with API RP 581 latest edition methodology.
• IRISK SAP Integration Module SAP integration module enabling data synchronization between IRISK and SAP systems. Imports equipment information from SAP for RBI implementation, syncs technical locations, and creates/sends work orders from IRISK's inspection planner to SAP including inspection techniques, scope, estimated costs, and requirements.
• VCORR Corrosion Management Software Corrosion management software for administering corrosion control measurement points in oil and gas production fields and treatment plants. Designed per NACE RP0775 with georeferencing integration for satellite imagery displaying alarm status and a measurement schedule module with dynamic frequency calculation.
• Engineering and Integrity Services Professional engineering services including integrity management implementation, RBI programs, corrosion control, inspection support during plant turnarounds, failure analysis, fitness-for-service assessments, material selection, cathodic protection design with 3D simulation, and integrity management system implementation for oil and gas wells.
• Technical Training and Certification Courses Technical training courses for companies and groups covering Principles and Prevention of Corrosion, Risk-Based Inspection (RBI), Damage Mechanisms in Industry, Inspector Courses (RBI and Corrosion), Integrity Management Systems, and Corrosion Control Management Systems, delivered in Spanish language.

Quantifiable outcome

• 500+ PSVs evaluated with decreased average interventions
• +2 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature7 records

Partnerships

One partnership is on record.

• SAP SEcoreTechnology or Integration · 1 May 2022ICORR developed an IRISK module compatible with SAP software, enabling import of equipment data from SAP to IRISK installation trees and creation of work orders in SAP from the IRISK inspection planner with full inspection details.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• DNV: DNV's digital software portfolio (Sesam, Plant, Synergi Plant) covers RBI, pipeline integrity, and quantitative risk analysis aligned with API RP-580/581 — directly overlapping with IRISK's scope. Comparable because DNV is both the standards body via which RBI methodology originates and a competing software/services vendor to operators globally.
• Wood Group (Asset Integrity Solutions): Wood's Asset Integrity & Optimisation business provides RBI implementation, corrosion management, and integrity engineering services to O&G operators globally. Comparable because Wood offers the same combined software-plus-services integrity model that ICORR sells, competing for the same enterprise integrity programs at IOCs and NOCs in LATAM.

Broad incumbents

• SGS: SGS's Natural Resources division provides asset integrity, corrosion, and inspection services to O&G operators across LATAM. Comparable as an established integrity services competitor for the same Argentine enterprise accounts, though SGS operates more broadly and lacks a proprietary RBI software product like IRISK.
• Emerson (AMS / DeltaV): Emerson's Plantweb and AMS Asset Management portfolios include condition monitoring, reliability, and integrity modules for process plants and pipelines. Comparable as a competitor in the broader process asset integrity space where ICORR sells IRISK, though Emerson leads with controls and instrumentation rather than pure RBI.
• Bureau Veritas: Global TIC (testing, inspection, certification) major with extensive O&G integrity services in Argentina and LATAM. Comparable because Bureau Veritas competes for RBI implementation, fitness-for-service, and integrity engineering mandates at the same customers (YPF, Tecpetrol, PAE) that buy from ICORR.
• Intertek: Intertek's Industry Services group delivers inspection, integrity, and RBI program support to O&G and petrochemical operators globally. Comparable as an alternative services provider for the same integrity engineering scope ICORR covers, but at significantly larger scale and broader geographic footprint.
• Bentley Systems (AssetWise): AssetWise Enterprise Asset Integrity platform addresses RBI, inspection planning, and pipeline risk management for utilities and O&G — the same problem IRISK solves. Comparable as a direct competitor in the O&G asset integrity software category, with a much broader portfolio and global install base.
• Aspen Technology (AspenTech): Global leader in asset performance management and industrial software with Aspen Asset Performance and process optimization suites that compete head-to-head with IRISK in RBI, reliability, and integrity management for O&G and chemical operators. Comparable because both target the same asset integrity workflows and the same enterprise customers, but AspenTech is vastly larger and serves global markets.

Emerging players

• Rosen Group (Rosen RoCorr): Rosen offers integrity management software and pipeline inspection data analytics for O&G operators, with growing LATAM presence. Comparable in the pipeline integrity / RBI-adjacent software category, but Rosen is more focused on inline inspection data than on quantitative RBI calculations like IRISK.

Regional players

• TÜV SÜD / TÜV Rheinland: German TIC majors with growing LATAM O&G service lines covering RBI, FFS, and corrosion engineering. Comparable as integrity services competitors for the same types of enterprise mandates ICORR serves, though they typically lack proprietary RBI software and partner with vendors rather than compete directly with IRISK.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/icorr

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICORR - Integridad y Corrosión