Aspen Enterprise Platform(TM) Selected by DuPont Sourcing to Integrate Manufacturing and Business Systems
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AEP was licensed as part of AspenTech's alliance with Accenture to develop and implement new manufacturing and supply chain solutions for chemical companies. In this application, the platform incorporates market-leading business integration software from TIBCO Software (Nasdaq: TIBX).
"We are pleased that the Aspen Enterprise Platform was selected by DuPont Sourcing," said David McQuillin, co-Chief Operating Officer of AspenTech. "The seamless integration of our best-in-class technology products is a key part of our strategy to maximize the value we create for process manufacturers."
The Aspen Enterprise Platform is a key component of AspenTech's enterprise solutions for the process industries. The integration platform is based on leading industry standards and provides the basic infrastructure to support business process automation, linking AspenTech business process products and third-party applications, including ERP systems.
Aspen Technology, Inc. is a leading supplier of enterprise software to the process industries, enabling its customers to increase their margins and optimize their business performance. AspenTech's engineering solutions, incorporating Hyprotech's technologies, help companies design and improve their plants and processes, maximizing returns throughout their operational life. AspenTech's supply chain manufacturing solutions allow companies to run their plants and supply chain more profitably, from customer demand through to the delivery of the finished product. Over 1,200 leading companies rely on AspenTech's software every day to drive improvements across their most important engineering and operational processes. AspenTech's customers include: Air Liquide, AstraZeneca, Bayer, BASF, BP, ChevronTexaco, Dow Chemical, DuPont, ExxonMobil, GlaxoSmithKline, Lyondell Equistar, Merck, Mitsubishi Chemical, Shell and Unilever. For more information, visit http://www.aspentech.com.
Certain paragraphs of this press release contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statement using the term "will," "should," "could," "anticipates," "believes" or a comparable term is a forward-looking statement. Actual results may vary significantly from AspenTech's expectations based on a number of risks and uncertainties, including: AspenTech's lengthy sales cycle which makes it difficult to predict quarterly operating results; fluctuations in AspenTech's quarterly operating results; AspenTech's dependence on customers in the cyclical chemicals, petrochemicals and petroleum industries; AspenTech's need to hire additional qualified personnel and its dependence on key current employees; intense competition; AspenTech's dependence on systems integrators and other strategic partners; changes in the market for e-business solutions for AspenTech's customers; increased governmental regulation and taxation of e-commerce and the Internet; information security and privacy concerns relating to e-commerce; and other risk factors described from time to time in AspenTech's periodic reports and registration statements filed with the Securities and Exchange Commission. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. Moreover, neither AspenTech nor anyone else assumes responsibility for the accuracy and completeness of any forward-looking statements. AspenTech undertakes no obligation to update any of the forward-looking statements after the date of this press release.
AspenTech, Aspen Enterprise Platform and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass.
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