AspenTech Corp - Company Profile
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Business Description
AspenTech Corp (AspenTech), formerly Aspen Technology Inc, is a provider of integrated asset optimization software solutions. The company designs and develops software applications in three business areas, engineering, manufacturing and supply chain, and asset performance management.
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R&D Overview
AspenTech's R&D arm focuses on developing new software products and upgrading the existing products. Its R&D activities involved in development of products that are embedded with chemical engineering principles, optimization algorithms, analytics, and the process industries’ workflows. In FY2023, the company spent US$209.3 million on R&D, which as a percentage of revenue stood at 20%.
Business Segments
Overview
Offers modeling and operations with big data, AI, and advanced analytics. Provides applications to design and optimize industrial operations across three principal business areas: engineering, manufacturing and supply chain, and asset performance management.
Performance
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Overview
Provides operational technology solutions that enable electric, gas, and water utilities and asset operators to manage and optimize the digital grid. It also incorporates all types of generation, industrial cogeneration, transmission, distribution, and microgrids.
Performance
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Overview
Offers geoscience and modeling software for optimization across subsurface engineering and operations. Provides end-to-end workflows from seismic analysis and interpretation to reservoir and production simulation and from asset appraisal to operational planning and execution.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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