AspenTech Differentiates With Analytics For Asset Optimization

Published 21 May 2019 by Malavika Tohani & David Metcalfe &
Asset Integrity Asset Performance Management Software Operational Excellence Case Study Market Insight

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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.

Table of contents

AspenTech Strengthens Its APM Software Offerings Through Strategic Acquisitions
The AspenONE APM Software Addresses Three Customer Requirements For Asset Optimization
AspenONE Enhances Performance Through The Asset Life Cycle With Robust Analytics

About the authors

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

David Metcalfe


David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital strategies to C-level executives at technology providers, partners at private equity firms and function heads at large corporations. His current focus is on helping clients understand their market opportunity tied to ESG investment trends and their impact on corporate sustainability strategies. During his 12 years running Verdantix – including 4 leading the New York office – he has helped dozens of clients grow their businesses through fund raising, acquisitions and international growth. David was previously SVP Research at Forrester and Head of Analysis & Forecasting at BT. He holds a PhD from Cambridge University and also worked as a Research Associate at the Harvard Business School.

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