Aspen Technology Announces Closure of FTC Investigation and Agreement to Modify Consent Decree
“We believe the claims made in this investigation were without any merit
and that the investigation was not justified, since AspenTech at all
times complied with both the letter and spirit of the original consent
Since the original 2004 consent decree, AspenTech has strengthened its technology leadership through continued innovation across the aspenONE® Engineering suite, including Aspen HYSYS®. The recent aspenONE V7 release continues AspenTech’s 28-year history of innovation by making it easier for process industry companies to adopt engineering best practices. aspenONE V7 is being used by more than 700 leading process industry companies around the world.
Modification to Consent Decree
The modification to the 2004 consent decree requires that AspenTech
continue to provide the ability for users to save input variable case
data for Aspen HYSYS and Aspen HYSYS Dynamics software in a standard
“portable” format, which will make it easier for users to transfer case
data from later versions of the products to earlier versions. AspenTech
will also provide documentation to
Following a 30-day period for public comment on the modification to the original decree, AspenTech expects that the new arrangement will be made part of a final order.
AspenTech is a leading supplier of software that optimizes process manufacturing – including oil and gas, petroleum, chemicals, pharmaceuticals and other industries that manufacture and produce products from a chemical process. With integrated aspenONE® solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs, and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.
David Grip, +1 781-221-5273