Will Enable AspenTech to Offer a Complete Set of OTS Software to
Train Plant Operators in Best Practices for Improving Safety and
Operational Performance
BEDFORD, Mass.--(BUSINESS WIRE)--Apr. 24, 2017--
Aspen
Technology, Inc. (NASDAQ:AZPN), the asset optimization software
company, announced it has acquired rights to Operator Training Simulator
(OTS) framework software from Inprocess Technology and Consulting Group
of Barcelona, Spain. Inprocess, developer of the OTS software, is a
consulting service company supplying technological services to
owner-operators in the oil & gas, refining and chemical process
industries.
Today’s announcement extends AspenTech’s focus on asset optimization by
enhancing its ability to meet the increased demand for Operator Training
technology. AspenTech will now be able to offer a complete set of OTS
software – adding technology that provides the end-user environment for
plant operators and training instructors and helps to connect to the
various process control systems that may be used in the real plant. This
will complement and leverage our Aspen HYSYS® and Aspen Plus®
solutions, which have long been used as virtual plant simulators at the
core of OTS system deployments across the world.
Production and safety are paramount to owner-operators. Errors made by
plant operators represent one of the leading causes of production losses
and safety incidents. Therefore, many owner-operators mandate that
operators be trained using Operator Training systems. This has been
shown to lower operational risk and accelerate learning within a
hands-on, safe and controlled environment. For example, oil & gas,
refining, and chemical companies use OTS systems to help establish
expertise and best practices among operators, reduce start-up time, and
verify control and safety systems. Increasingly, Engineering Procurement
& Construction (EPC) companies are also required to provide OTS systems
for new plant construction projects as a part of the final deliverable.
Terms of the transaction were not disclosed.
Supporting Quote
Antonio Pietri, President & CEO, AspenTech
“As the de facto standards for process simulation, Aspen HYSYS and Aspen
Plus already deliver tremendous value to owner-operators who
increasingly are mandating OTS training to support safety and production
goals. Adding Inprocess Technology and Consulting Group’s leading OTS
framework can drive significant new value for our customers. It
represents another important piece in a holistic approach to asset
optimization, helping to improve operational reliability and performance
throughout the asset lifecycle.”
Supporting Resources
About AspenTech
AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial environments
where it is critical to optimize the asset design, operation and
maintenance lifecycle. AspenTech uniquely combines decades of process
modeling expertise with big data machine-learning. Our purpose-built
software platform automates knowledge work and builds sustainable
competitive advantage by delivering high returns over the entire asset
lifecycle. As a result, companies in capital-intensive industries can
maximize uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit www.aspentech.com
to find out more.
NOTE: Aspen Technology may provide information regarding possible future
product developments including new products, product features, product
interfaces, integration, design, architecture, etc. that may be
perceived to represent “product roadmaps.” Any such information is for
discussion purposes only and does not constitute a commitment by Aspen
Technology to do or deliver anything in these product roadmaps or
otherwise. Any such commitment must be explicitly set forth in a written
contract between the customer and Aspen Technology, executed by an
authorized officer of each company.
© 2017 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170424005383/en/
Source: Aspen Technology, Inc.
AspenTech
David Grip, 781-221-5273
david.grip@aspentech.com
or
ICR
Brian
Denyeau, 646-277-1251
brian.denyeau@icrinc.com