For more than 23 years, process manufacturers have chosen AspenTech to help them transform the way they design and run their operations. This long history of working with our customers to understand their contemporary challenges and to develop solutions that meet them is based on AspenTech’s unparalleled combination of capabilities.
For Fiscal 2004, AspenTech reported $333 million in revenue and has approximatlely 1,300 employees worldwide.
An Exceptional Ability to Transform Process Engineering Expertise into Model-Based Decision Support Technology
Since our inception, AspenTech’s focus has been on applying process engineering know-how to modeling the manufacturing and supply chain processes that characterize the process industries. We are, in fact, the market leader in providing many of the software applications that the process industries depend on today - Aspen HYSYS® and Aspen Plus™ for process simulation and optimization, Aspen DMCplus™ for advanced process control, Aspen PIMS™ for advanced planning & scheduling, and Aspen InfoPlus.21™ for plant information management, just to name a few.
This core expertise has consistently provided our customers with mission-critical solutions that enable them to make more profitable decisions in their operations. Our solutions are also an integral part of many of our customers’ operational excellence initiatives.
Recognized Industry and Mathematical Expertise
AspenTech’s recognized team of industry and mathematical experts is exclusively focused on the process industries, and offers cumulative centuries of experience in process simulation, advanced process control, online optimization, supply planning, production planning and scheduling, and inventory management. This specialized team not only guides the development of AspenTech software, but also contributes to a wide variety of professional services that range from strategy development to program development and deployment to implementation of industry best practices.
Unmatched Customer Base
AspenTech has established track record of partnering with our customers to help them achieve sustainable value. Our large installed base of satisfied customers is testimony to our ability to deliver and support profitable solutions for 23 of the top 25 oil companies; 47 of the top 50 chemical companies; and all of the top five engineering, procurement and construction firms.
Breadth of Offering
AspenTech’s solutions span more of the enterprise operations space than those offered by any other single vendor, enabling us to provide greater value at lower risk. Only AspenTech has the complement of solutions and professional services required to deliver the integrated, comprehensive offering demanded by today’s process manufacturers.
As we look to the future, we are confident that we will continue to lead the industry and be a strong and secure partner for our customers.
AspenTech’s Leadership Role Today: The Delivery of aspenONE™ Solutions
Today, most process manufacturers have already captured the benefits from distributed control systems (DCS) and enterprise resource planning (ERP) initiatives – but the pressure to deliver improved operational and financial performance continues. Process manufacturers face a more complicated set of challenges today than ever before:
- More complex global operations
- An increasing list of global competitors
- High raw material and energy costs
- Tighter environmental regulations
- An expanding number of disparate IT applications and legacy systems
The need to continue to grow profits in such a complex environment is fueling an industry-wide focus on enterprise operations - the people, business processes, technology and physical assets involved in procuring raw materials, manufacturing products, and distributing these products to end users.
In fact, most leading process manufacturers have already launched strategic initiatives centered on improving enterprise operations. While these programs go by many different names, they are generally referred to as initiatives for achieving “operational excellence.”
At the heart of operational excellence is the ability for operations personnel in a process company to make decisions that are:
- Real-time
- Driven by customer demand
- Responsive to opportunities or disruptions as they occur
- Coordinated and synchronized across functional departments, regions and businesses
Making these decisions, however, is a serious challenge because of the complex, inter-dependent, and real-time nature of the business processes that comprise enterprise operations in the process industries. For process manufacturers, these requirements mean that a new wave of IT investments in operations must be made, much as investments in DCS and ERP systems became essential in earlier decades.
Once again, they are looking to AspenTech to help them. We have responded with aspenONE™, the first-ever integrated release of AspenTech’s broad portfolio of applications and services.
Our History
AspenTech was founded in 1981, with the sole objective of commercializing technology developed as part of the Advanced System for Process Engineering (ASPEN) Project at the Massachusetts Institute of Technology. Since that time, AspenTech has acquired more than 20 industry-leading companies as a part of our strategy to offer a complete, integrated solution to the process industries. Some of these companies include:
- B-JAC International, Inc.
- Chesapeake Decision Sciences, Inc.
- CIMTECH S.A
- Contas Process Control S.r.L.
- Dynamic Matrix Control Corporation (DMCC)
- Hyprotech Ltd.
- ICARUS Corporation
- IISYS, Inc.
- Industrial Systems, Inc. (ISI)
- Neuralware, Inc.
- PIMS business group from Bechtel Corp.
- Process Control Division of U.K.-based Cambridge Control Ltd.
- Prosys Technology, Ltd.
- Setpoint, Inc.
- Special Analysis and Simulation Technologies, Ltd.
- Zyqad, Ltd.
AspenTech became a public company in 1994 (Nasdaq: AZPN).
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