AspenTech Differentiates With Analytics For Asset Optimization

Executive Summary

This report forms one in a series covering the asset performance management (APM) software market, which is entering a new phase of growth and innovation. AspenTech was founded in 1981. The firm is listed on the NASDAQ stock exchange, operates from 30 locations around the world and has revenues of $500 million. AspenTech’s 2,200 customers mainly operate in asset intensive sectors and the vendor has acquired Fidelis Group and Mtell to enhance its APM software offering. Through its deep investment in APM analytics, the AspenONE software is able to solve three distinct customer problems relating to asset integrity and reliability. This differentiated portfolio of APM analytics makes AspenTech a good fit for large EPC firms, buyers looking for genuinely technology-agnostic APM software and operations managers who need to get new insight into asset health and reliability issues.