AspenTech

Aspen Technology designs, develops and markets process optimization software solutions. Read more

Antonio J. Pietri's photo - President & CEO of AspenTech

President & CEO

Antonio J. Pietri

CEO Approval Rating

89/100

Founded:

1981

Status:

PublicIndependent CompanyNASDAQAZPN

ASPENTECH TOP COMPETITORS OR ALTERNATIVES

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Honeywell is AspenTech's #1 competitor. Honeywell's headquarters is in Charlotte, North Carolina, and was founded in 1906. Honeywell competes in the Electrical Components & Equipment industry. Honeywell generates 4,573% of AspenTech's revenue.

HTRI is one of AspenTech's top rivals. HTRI was founded in Navasota, Texas} in 1962. HTRI is in the Business Support Services field. Compared to AspenTech, HTRI generates $706.6M less revenue.

Siemens is one of AspenTech's top competitors. Siemens is a Public company that was founded in 1847 in Munich, Bavaria. Siemens operates in the Electrical Components & Equipment industry. Compared to AspenTech, Siemens has 285,400 more employees.

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AspenTech Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$713.4M

AspenTech's revenue is the ranked 8th among it's top 10 competitors. The top 10 competitors average 17B. Over the last four quarters, AspenTech's revenue has decreased by 19.4%. Specifically, in Q1 2021's revenue was $162.7M; in Q4 2020, it was $233.7M; in Q3 2020, it was $115M; in Q2 2020, AspenTech's revenue was $201.9M.

AspenTech Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
OptiPlant

Dec 2020

Source »
undisclosed
OptiPlant develops an AI-based 3D automated software that provides engineering design and process simulation solutions for the manufacturing sector.
Camo Analytics AS

Nov 2020

Source »
undisclosed
Camo develops a digital platform that offers industrial analytics and product optimization solutions to the pharmaceutical sector.
Mnubo, Inc.

Jul 2019

Source »
$78.1M
Mnubo is an Internet of Things company providing data analytics solutions for product designers and manufacturers.
Sabisu Ltd.

Jun 2019

Source »
undisclosed
Sabisu is a provider of performance management and analytics solutions for the manufacturing sector.
Apex Optimisation

Feb 2018

Source »
undisclosed
Apex Optimisation specializes in providing dynamic optimization and advanced process control solutions for refineries and petrochemical companies.

These are all the companies that AspenTech has acquired. AspenTech has acquired 9 companies and its latest acquisition was OptiPlant in Dec 2020. OptiPlant develops an AI-based 3D automated software that provides engineering design and process simulation solutions for the manufacturing sector.

AspenTech Funding History

No recent funding data found related to AspenTech

AspenTech Investments

No recent investments found related to AspenTech

These are all the companies that AspenTech has invested in. AspenTech has invested 9 companies and its latest investment was OptiPlant in Dec 2020. OptiPlant develops an AI-based 3D automated software that provides engineering design and process simulation solutions for the manufacturing sector.

AspenTech News

June 14, 2021MarketScreener

Announces New $300 Million Share Repurchase Program

(marketscreener.com) Aspen Technology, Inc. , a global leader in asset optimization software, announc... See more »
June 14, 2021MarketScreener

The Aspen Industrial AI Workbench

(marketscreener.com) In May 2021, Aspen Technology announced that it is further extending Industrial ... See more »
June 8, 2021MarketScreener

Diversity, Equality and Inclusion at OPTIMIZE 2021

(marketscreener.com) At our recent OPTIMIZE 2021 conference, AspenTech's Women's Leadership Forum spo... See more »
June 3, 2021MarketScreener

Two Ways to Reduce CAPEX and Support Safety and Sustainability Imperatives

(marketscreener.com) Welcome OptiPlant to the AspenTech family! In December 2020, we delivered an exc... See more »
June 1, 2021MarketScreener

to Present at the Baird Global Consumer, Technology & Services Conference

(marketscreener.com) Aspen Technology, Inc. , a global leader in asset optimization software, today a... See more »
May 27, 2021Hydrocarbon Engineering

Aspen Technology Software and Shell Catalysts & Technologies pair up

Aspen Technology Inc. has announced that Shell Catalysts & Technologies is implementing Aspen Schedul... See more »
May 27, 2021MarketScreener

Cake, Pie and Process Simulation

(marketscreener.com) What do cake and pie have to do with process simulation? You probably never thou... See more »

AspenTech Press Releases

September 23, 2020Business Wire

Aspen Technology Receives Staff Determination from Nasdaq

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optim... See more »
June 3, 2020Business Wire

Hargrove and Aspen Technology Partner to Deliver Digital Twin Services

MOBILE, Ala. & BEDFORD, Mass.--(BUSINESS WIRE)--Hargrove and Aspen Technology partner to deliver Digi... See more »
November 26, 2019Business Wire

Aspen Technology to Present at the Nasdaq Investor Conference

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), the asset optimization softwar... See more »
November 20, 2019Business Wire

Messer Adopts Aspen Technology Software to Help Improve Efficiency and Margins

BEDFORD, Mass.--(BUSINESS WIRE)--Messer adopts Aspen Technology software to help improve efficiency a... See more »
October 2, 2019Business Wire

Aspen Technology Brings New Levels of Performance Insight to Drive the Smart Enterprise

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology brings new levels of performance insight to drive t... See more »
August 7, 2019Business Wire

Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal Year 2019

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology Announces Financial Results for the Fourth Quarter ... See more »
July 24, 2019Business Wire

Aspen Technology Announces Date of Fourth-Quarter Fiscal 2019 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology Announces Date of Fourth Quarter Fiscal 2019 Financ... See more »

AspenTech Videos

Social Media

AspenTech Headquarters

20 Crosby Drive

Bedford, Massachusetts01730

1-781-221-6400

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AspenTech Summary

ABOUT

Overview

Aspen Technology designs, develops and markets process optimization software solutions. AspenTech was founded in 1981. AspenTech's headquarters is located in Bedford, Massachusetts, USA 01730. AspenTech's President & CEO, Antonio J. Pietri, currently...

CEO

AspenTech's President & CEO, Antonio J. Pietri, currently has an approval rating of 89%. AspenTech's primary competitors are Honeywell, HTRI & Siemens.

Frequently Asked Questions about AspenTech

  1. When was AspenTech founded?

    AspenTech was founded in 1981
  2. Who is AspenTech's CEO?

    AspenTech's CEO is Antonio J. Pietri
  3. How much revenue does AspenTech generate?

    AspenTech generates $713.4M in revenue
  4. How much funding does AspenTech have?

    AspenTech has historically raised $0 in funding
  1. Where is AspenTech's headquarters?

    AspenTech's headquarters is in Bedford Massachusetts, USA
  2. How many employees does AspenTech have?

    AspenTech has 1,600 employees
  3. What sector does AspenTech operate in?

    AspenTech is in Internet Software, Artificial Intelligence (AI), Supply Chain Management
  4. Who are AspenTech's competitors?

    AspenTech's top competitors are Honeywell, HTRI, Siemens