Aspen Technology

Aspen Technology Overview

Company Headquarters: US

Founded: 1981

Workforce: ~5000

Company Working: Aspen Technology is a provider of software services for the manufacturing and process engineering sectors. It serves various industries such as chemical, pharmaceutical, polymer, consumer packaged goods, power, engineering, procurement and construction, transportation, metal & mining, pulp & paper, and waste-water management. The company operates through two segments, subscription & software, and services & other. The company’s asset performance management software falls under subscription & software segment. The asset performance management products offered are Aspen Mtell, Aspen Fidelis Reliability, Aspen ProMV, Aspen Column Analytics, Aspen Root Cause Analytics, Aspen Cloud Connect, and Aspen Edge Connect. Aspen Technology operates in the Americas, Canada, Europe, Asia-Pacific, and the Middle East.

Strategy

Aspen Technology follows both organic and inorganic growth approaches. Under these, it focuses on research and development to innovate products and enter the untapped markets and geographies. The company also tries to build strategic partnerships with companies such as Hexagon PPM and China National Bluestar (Group) Co. Ltd to grow its product portfolio and increase its customer base to establish a strong position in the market.

Company Snapshot

$472.3M

Revenue

5,000

Employees

1981

Founded

US

Headquarters

SWOT Analysis

Strengths

Strong Partner relations
Wide product portfolio

Threats

Changing technology trends
Intense competition

Product Offering

Aspen Technology
- Asset Performance Management

Financial Performance

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