aspenONE Solution Integrating Advanced Process Control, Simulation and Enterprise Optimization Cited by Process Manufacturers as Delivering Great Value
PALO ALTO, Calif., July 13, 2006 /PRNewswire via COMTEX News Network/ -- Frost & Sullivan, a global growth consulting company, today announced that Aspen Technology, Inc. (Nasdaq: AZPN) is the recipient of the 2006 Global Excellence in Customer Value Award for Advanced Process Control, Simulation and Enterprise Optimization. The Award recognizes AspenTech's superior ability to translate process industry business requirements into products that positively impact its customers' bottom-line. The aspenONE integrated suite of solutions has been well received by process industry customers and has emerged as the de facto standard that has helped AspenTech's customers solve broader and more complex issues on a larger scale.
"We have found that customers in the process industry rate AspenTech as a company that can help them identify critical bottlenecks and provide a comprehensive roadmap to drive down operational costs," said Sath Rao, Research Manager for the Industrial Automation and Process Control practice with Frost & Sullivan. "The key differentiator for AspenTech has been its supreme ability to translate customer requirements into integrated solutions that solve a broad range of process industry business problems."
Mark Fusco, President and CEO of AspenTech, commented: "This Award validates the success of our aspenONE solution to enable the integration of all applications into a single unified system that helps our customers achieve optimization at an enterprise level. With an established history of innovation, AspenTech reinforces its leadership position by consistently expanding the breadth and scope of its solutions."
Frost & Sullivan Awards for Global Excellence criteria include business development, innovation, competitive strategy and leadership within a particular Industry Research Group (IRG), as well as superior market growth skills during the research period. Award recipients like AspenTech must exhibit outstanding management, consistent growth and positive economic impact, along with exceptional customer service and the ability to combine technology and successful strategic initiatives.
Frost & Sullivan's research concludes that in a highly competitive climate, AspenTech has continued to grow at a rate higher than the market by providing quality products delivered with superior execution skills. Its sound strategy has enabled it to attain financial stability and has been central to its market acceptance on a global platform. The ability to understand customer requirements, develop innovative solutions to enable enterprise-wide optimization and consistently deliver on customer promises has qualified AspenTech to be the recipient of this year's Award.
About AspenTech AspenTech and the aspen leaf logo are trademarks of Aspen Technology, Inc.
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Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.awards.frost.com or http://www.industrialautomation.frost.com .
SOURCE Frost & Sullivan