BURLINGTON, Mass.--(BUSINESS WIRE)--May 29, 2014--
Technology, Inc. (NASDAQ: AZPN), a leading provider of software and
services to the process industries, announced that the United States
Court of Appeals for the Fifth Circuit has affirmed substantially the
final judgment and permanent injunction originally issued in favor of
Aspen Technology and against M3 Technology, Inc. in the United States
District Court for the Southern District of Texas on June 6, 2012 in
AspenTech’s trade secret misappropriation, copyright infringement and
tortious interference action against M3 Technology, Inc.
In the judgment, M3 Technology was ordered to pay Aspen Technology the
sum of $11,346,329 in damages. The Court of Appeals ordered that this
amount be reduced to $10,800,000.
AspenTech is a leading supplier of software that optimizes process
manufacturing – for energy, chemicals, 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.
© 2014 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.
Source: Aspen Technology, Inc.
Aspen Technology, Inc.
David Grip, +1
Lois Paul and Partners (for AspenTech)
DeStefano, +1 617-986-5714