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Aspen Technology Names Hedwig Veith Whitney Senior Vice President, Human Resources

04/19/05
Whitney brings extensive track record of organizational management, employee development and leadership

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 19, 2005-- Aspen Technology, Inc. (Nasdaq: AZPN), the leading provider of software solutions and services to the process industries, today announced that Hedwig Veith Whitney has joined the company's executive team as Senior Vice President, Human Resources. Whitney will be responsible for designing and implementing worldwide organizational management practices to help AspenTech deliver on its strategic and financial objectives.

Whitney brings to AspenTech an extensive background in leading human resources initiatives in diverse and rapidly-changing organizations. Prior to joining AspenTech, Whitney was Senior Vice President of Human Resources at New England Business Service, Inc., a leading business-to-business enterprise with 4300 employees that serves over 3 million small business customers in the United States, Canada, the United Kingdom, and France. In this capacity, she developed and executed corporate human resources programs, led human resources integration through several acquisitions, and supported the company's Sarbanes-Oxley compliance programs.

Prior to her association with New England Business Service, Whitney served as Senior Vice President of Human Resources at Fidelity Investments in the division which is the largest provider of 401(k) retirement services in the United States. Before working with Fidelity, she held human resources leadership positions at Bank of Boston, BayBanks, the Commonwealth of Massachusetts, and the University of Massachusetts.

"Hedy's broad background in designing organizational management practices to deliver strong business results is a perfect fit for AspenTech as we work toward our goal of improving our performance and creating a success-driven culture," said Mark Fusco, President and CEO, AspenTech. "She has guided human resources initiatives across a wide range of industries, managed significant organizational change, and successfully executed plans that meet the demands of diverse teams with many different skills. Her experience will be critical to helping us implement human resources programs that support AspenTech's operational performance."

"I am excited to join AspenTech as we seek to improve our operational execution and deliver integrated aspenONE(TM) solutions to the process industries," said Whitney. "The company has remarkable assets: deep domain expertise, industry-leading software solutions, a large and loyal customer base, and outstanding people around the world. I look forward to working with the entire AspenTech team to implement programs that align with our corporate goals, provide our employees with the support they need, and capitalize on our strong asset base."

Whitney is Board Chair for the Make a Wish Foundation of Massachusetts and a member of The Boston Club, and has previously served as Board Chairman of New England College of Finance. She holds a JD degree from Suffolk University Law School and a BA degree from Hamilton College.

About AspenTech

Aspen Technology, Inc. provides industry-leading software and implementation services that enable process companies to use simulation models to increase efficiency and profitability. aspenONE, a new generation of software solutions from AspenTech, represents a major step forward in helping process manufacturers achieve their strategic operational excellence initiatives. aspenONE provides companies with integrated systems that enable them to manage and optimize their operational performance. Over 1,500 leading companies already rely on AspenTech's software, including Aventis, Bayer, BASF, BP, ChevronTexaco, Dow Chemical, DuPont, ExxonMobil, Fluor, GlaxoSmithKline, Shell, and Total. For more information, visit www.aspentech.com.

AspenTech, aspenONE, and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass.

CONTACT:
For Media:
Aspen Technology, Inc.
Robin Swanger, 218-504 3256
robin.swanger@aspentech.com

For Investors:
Aspen Technology, Inc.
Joshua Young, 617-949-1274
joshua.young@aspentech.com