Aspen Technology Selected by Cabot Corp. to Enhance Its Global Supply Chain Systems
$2.6 Billion Specialty Chemicals and Materials Company Expanding
Use of aspenONE into Supply Chain and Plant Operations
BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 13, 2008--Aspen Technology, Inc. (OTC: AZPN.PK), today announced that Cabot Corporation (NYSE:CBT), a leading global specialty chemicals and materials company, selected AspenTech's aspenONE software to improve its scheduling applications. Cabot is expanding its use of the aspenONE Manufacturing suite to include aspenONE Supply Chain to help drive the company's strategic initiatives in streamlining supply chain processes, improve customer responsiveness, lower inventory and improve manufacturing productivity.
By using AspenTech's aspenONE supply chain solution, Cabot and other aspenONE customers are better equipped to predict and respond to customer demands, economically plan across global assets and optimize production. Additionally, customers using this aspenONE suite can support dynamic scheduling using the tight integration between manufacturing and supply chain processes to provide real-time input for plan versus actual management.
The aspenONE integrated suite of Supply Chain applications dramatically improves the supply chain business processes of Collaborative Demand Management, Supply Chain Planning and Production Scheduling. aspenONE also helps companies meet business challenges by improving operational performance, reliability and profitability through real-time access and visibility to production information.
AspenTech's flexible license agreement will allow Cabot to control how aspenONE applications are deployed across the enterprise as their business needs evolve.
"This expanded license agreement with Cabot Corporation demonstrates the strong relationship between our two companies, and highlights the unique value that aspenONE's integrated manufacturing and supply chain solution delivers," said Antonio Pietri, executive vice president, AspenTech. "The improvements in customer service, working capital and manufacturing productivity provided by the integrated aspenONE solution make it easier for process manufacturers such as Cabot to achieve their operational excellence goals."
This transaction was signed in the fiscal quarter ended September 30, 2007.
AspenTech is a leading provider of award-winning process optimization software and services. AspenTech's integrated aspenONE solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes. For more information, visit www.aspentech.com.
(C) 2008 Aspen Technology, Inc. AspenTech, aspenONE and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks are property of their respective owners.
Erik Mason, +1 781-221-8386
Lois Paul & Partners (for AspenTech)
Mike Parker, +1 781-782-5714