AspenTech Acquires Fidelis Group, LLC
Leading Provider of Asset Reliability Software to Predict Asset Performance and Mitigate Risk in Process Plants
Many owner-operators mandate risk analysis for all large capital
projects, typically those above
- Owner-operators in chemicals, upstream, refining and power use Fidelis Titan 2 as a discrete event simulation tool for asset reliability modeling, to optimize designs, debottleneck existing assets and increase availability. Engineering & Construction companies also use Titan 2 to evaluate process reliability and availability required to meet their design guarantees. Customers using Titan 2 can achieve capital expense savings by optimizing redundancy systems and intermediate storage, while ensuring high plant availability.
- Fidelis WST is a Warehouse Spare Part Sufficiency Tool that optimizes parts stocking strategies to ensure high availability, while reducing spare part inventory costs that can represent tens of millions of dollars in capital expense.
The aspenONE® suite provides market leading process
engineering, manufacturing, and supply chain optimization capabilities.
The addition of
The acquisition supports AspenTech’s increased focus on asset optimization, by enabling customers to optimize the design, operation and maintenance of their assets throughout the asset lifecycle.
Terms of the transaction were not disclosed.
“The aspenONE suite is the most comprehensive, integrated and easy-to-use environment for process optimization. Adding Fidelis Group’s leading technology will enable AspenTech to provide asset reliability capabilities that are critical for effective risk mitigation in process plants. Asset reliability is also an essential piece of a holistic approach to asset optimization. We will continue to work with our customers to maximize the highest possible financial return over the lifetime of their process industry assets.”
- aspenONE Engineering, Manufacturing and Supply Chain solutions
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AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, 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.