Aspen Technology

Aspen Technology, Inc. is a global leader in asset optimization solutions, headquartered in Bedford, Massachusetts. Founded in 1981, the company operates across various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East. AspenTech specializes in software that enhances the design, operation, and maintenance of assets in capital-intensive industries such as energy, chemicals, pharmaceuticals, and transportation. Its product offerings include integrated software suites like aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance, which facilitate the optimization of manufacturing environments, operational performance monitoring, and asset reliability forecasting. The company also provides software maintenance, professional services, and training. Aspen Technology aims to help its clients improve profitability, safety, and sustainability by enabling them to run their operations more efficiently and effectively.

David Baker

CFO, Finance and Senior Vice President

15 past transactions

Open Grid Systems

Acquisition in 2024
Open Grid Systems is a technology company specializing in software development and consultancy services for the electrical power industry. It focuses on model-driven software engineering, open standards, and advanced technologies to facilitate data access and grid applications.

Micromine

Acquisition in 2022
Micromine is a leading provider of software solutions for the mining industry, offering tools that cover the entire mining cycle from geological exploration and data management to resource estimation, mine design, planning, and production control. Established 36 years ago, the company has expanded its reach to over 2,000 sites in more than 90 countries. Micromine's software is recognized for its user-friendly interface combined with robust functionality, allowing clients to maximize asset value, enhance productivity, and make informed decisions. The company's modular software integrates various tools for modeling, estimation, and design, effectively capturing and interpreting critical mining data. With a strong commitment to research and development, Micromine continues to set new standards in innovation and excellence within the mining and resources sectors, supported by local experts and available in multiple languages.

OptiPlant

Acquisition in 2020
OptiPlant Inc. is a technology company that specializes in AI-driven 3D conceptual design and engineering automation software. Founded in 2005 and headquartered in Walnut Creek, California, OptiPlant aims to assist owner-operators and engineering, procurement, and construction (EPC) firms in optimizing conceptual designs and estimates, thereby facilitating the faster development of front-end engineering designs. The software enables instantaneous 3D modeling and rule-based engineering, which helps to save capital and enhance safety while minimizing environmental impact. OptiPlant has a global presence with operations in several cities, including Houston, New Delhi, Beijing, Calgary, Seoul, and São Paulo. As of December 2020, OptiPlant operates as a subsidiary of Aspen Technology, Inc.

Camo Analytics

Acquisition in 2020
Camo Analytics specializes in industrial analytics, providing data simulation and prediction software to enhance the digitization of value chains for industry leaders. The company's solutions focus on clarifying complex data through advanced modeling, prediction, and optimization techniques. With an emphasis on ease of use and data visualization, Camo Analytics' software can be seamlessly integrated into scientific instruments and process monitoring systems. This integration empowers enterprises to simplify complex data analysis, leading to more efficient identification of costs, research, and design processes, ultimately facilitating faster results.

Mnubo

Acquisition in 2019
Mnubo Inc. specializes in smart data management and analytics for the Internet of Things (IoT), catering to enterprises, service providers, and device manufacturers. Founded in 2012 and headquartered in Montreal, Canada, with an office in Tokyo, Japan, Mnubo offers a cloud platform that allows original equipment manufacturers (OEMs) to connect, collect, analyze, and act on data from their devices. The company provides services for real-time IoT data streams, including object modeling and lifecycle management, across various sectors such as wearables, industrial, automotive, building, and healthcare. By utilizing its analytics solutions, manufacturers gain insights that enhance product usage, boost customer engagement, and reduce operational costs. Mnubo operates as a subsidiary of Aspen Technology, Inc. since July 2019.

Sabisu

Acquisition in 2019
Sabisu Ltd. is a company based in Sale, United Kingdom, that specializes in providing enterprise visualization and workflow solutions aimed at delivering real-time decision support for complex industrial environments. Established in 2002, Sabisu focuses on data aggregation, analytics, visualization, and workflow digitalization. The company offers a digital workspace that enhances knowledge management and supports various industrial applications, including mobile solutions for pipeline and plant operations. As of June 2019, Sabisu operates as a subsidiary of Aspen Technology, Inc.

Apex Optimisation

Acquisition in 2018
Apex Optimisation, a European company specializing in Dynamic Optimization and Advanced Process Control. Apex’s GDOT software aligns Advanced Process Control (APC) with Planning & Scheduling, enabling unified production optimization for refineries and petrochemical companies in complex industrial environments. GDOT software dynamically processes hundreds of variables to achieve optimization, while driving closer alignment with planning and scheduling. Dynamic coordination captures economic incentives every minute across multiple units, which is critical for refineries and plants where operational complexity and changing conditions are the norm.

RtTech Software - Cipher IoT

Acquisition in 2017
Cipher is a cloud-native application with multitenant capabilities leveraging a modern architecture design, based on Microsoft’s Azure Internet of Things platform. Key current components include: Cipher Portal: Used on-premise and in the Cloud to create a rich, aggregated data store of asset information for advanced analytics and asset optimization. Cipher Connect: Used “at the edge” to collect, cleanse and analyze data from sensors and other data sources. Cipher Connect supports a wide range of communication protocols including MQTT, OPC UA, OPC DA, Modbus, BACnet, Ethernet IP, Allen Bradley and MT Connect for connecting almost any asset or device. Data collected by Cipher Connect can be written to a Cipher Portal on-premise or in a public or private cloud for advanced analysis and asset optimization. Data can also be written to enterprise systems such as historians, APM, EAM (enterprise asset management) and ERP (enterprise resource planning) for use in business analysis and applications.

Mtell

Acquisition in 2016
Mtell, founded in 2006, specializes in software solutions designed to enhance the operational health of industrial equipment through machine learning. The company's innovative technology predicts equipment failures and recommends maintenance procedures, significantly contributing to improved performance and profitability. Mtell's solutions are utilized across various sectors, including oil and gas, mining, pharmaceuticals, and wastewater management, thereby playing a vital role in the advancement of the Industrial Internet. In addition to software development, Mtell offers services such as project pre-assessment, machinery installation, and configuration. The company's efforts not only aim to enhance equipment efficiency but also prioritize safety for personnel and the environment.

Fidelis Group

Acquisition in 2016
The Fidelis Group, LLC is a software and consulting company based in Lake Jackson, Texas, specializing in asset reliability solutions for various industries, including refining, oil and gas production, petrochemical processing, power utilities, and mining. Founded in 2001, the company develops software products designed to predict asset performance and mitigate risk in process plants. Key offerings include Titan, a discrete event simulation modeling tool, and FAST 3, a statistical analysis tool that integrates with Microsoft Excel. Additional products include a statistical program for visualizing distribution data and a Warehouse Spare Part Sufficiency Tool. The Fidelis Group also provides services such as data collection and analysis, system modeling, and customized training programs to support asset management and life-cycle cost optimization. As of 2016, the company operates as a subsidiary of Aspen Technology, Inc.

Hyprotech

Acquisition in 2002
Hyprotech supplies modeling and simulation software and services to the process industries worldwide. The company provides simulation of plant design and operations, as well as knowledge deployment. Its software products enable decision-makers to apply engineering rigor when making business decisions.

Icarus

Acquisition in 2000
Icarus is a provider of software that is used by the process manufacturing industries.

Petrolsoft

Acquisition in 2000
Petrolsoft is a provider of supply chain management systems and eCommerce solutions specifically designed for the downstream petroleum industry. The company specializes in the supply and distribution of bulk refined fuel products, including motor gasoline, distillates, kerosene, and jet fuel, catering to both retail and wholesale markets. Petrolsoft's software solutions aim to enhance inter-company business operations, streamline supply chain management, and improve manufacturing and product engineering processes, ensuring efficiency and effectiveness in the petroleum sector.

Extricity

Venture Round in 2000
Extricity, Inc. was acquired by Inovis, Inc. Extricity, Inc. operates as a provider of business-to-business software products. Its software products allow companies to manage the internal and external sharing of information; and the execution of interactions among software applications and business partners over the Internet. The company was founded in 1996 and is based in Belmont, California.
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