AspenTech Named a Leader in Asset Performance Management by Independent Analyst Firm

Rhea-AI Summary

Aspen Technology, Inc. (NASDAQ:AZPN) has been recognized as a Leader in the 2022 Verdantix Green Quadrant®: Asset Performance Management Solutions report. The report highlights AspenTech's APM suite for its excellence in asset health monitoring, failure prediction, and performance optimization. AspenTech aims to enhance operational efficiencies and support sustainability goals through its suite that combines machine learning with predictive analytics. Customers benefit from actionable insights, reducing costs and environmental impact while improving asset life cycles.

Positive

• Recognized as a Leader in the 2022 Verdantix Green Quadrant report for Asset Performance Management solutions.
• APM suite includes advanced features in asset health monitoring and failure prediction.
• Supports sustainability goals and operational efficiency improvements for customers.

Negative

• None.

Company Recognized for its Best-in-Class Failure Prediction and Ability to Optimize Asset Performance

BEDFORD, Mass.--(BUSINESS WIRE)-- Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced it has been recognized as a Leader in the 2022 Verdantix Green Quadrant®: Asset Performance Management Solutions report. AspenTech’s asset performance management (APM) suite is acknowledged for its strengths in asset health monitoring and failure prediction, performance optimization, and asset lifecycle management.

(Graphic: Business Wire)

“We’re thrilled to have our APM suite recognized as a Leader in Verdantix’s prestigious Green Quadrant report,” said Don Busiek, SVP & GM, APM at AspenTech. “Our Leader position reinforces why customers are choosing AspenTech for a more proactive approach to asset health. We’re helping industrial customers understand that with the right APM solution that can be easily deployed and scaled ‘out-of-the-box,’ they can quickly begin to improve operational efficiencies that support sustainability goals and drive ROI regardless of where they are on their digitalization journey.”

AspenTech’s APM suite, which includes Aspen Fidelis™, Aspen Mtell^®, Aspen ProMV^®, Aspen Process Pulse™, and Aspen Unscrambler™, combines machine learning with predictive analytics to anticipate issues before they occur. In the report, Verdantix states: “with market leading capabilities in asset health monitoring and failure prediction, firms across the process industry can expect to use the AspenTech APM suite to effectively identify and pre-empt asset failures.”¹ AspenTech’s APM customers eliminate downtime with actionable insights that help reduce costs, safety concerns and environmental impact.

Supporting Resources

• Recent study by Verdantix: Compass to APM 4.0: From Maintenance and Reliability to Performance and Sustainability
• AspenTech Asset Performance Management solutions

¹ Kiran Darmasseelane, Malavika Tohani, Fouad Elias; 2022 Verdantix Green Quadrant^®: Asset Performance Management; September 8, 2022

About AspenTech
Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in capital-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.

© 2022 Aspen Technology, Inc. AspenTech, Aspen Fidelis™, Aspen Mtell®, Aspen ProMV®, Aspen Process Pulse™, Aspen Unscrambler™ and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220923005085/en/

Media

Stephanie Jackman

AspenTech

+1 781-221-1965

Stephanie.Jackman@aspentech.com

Source: Aspen Technology, Inc.

FAQ

What recognition did Aspen Technology receive in 2022?

Aspen Technology was recognized as a Leader in the 2022 Verdantix Green Quadrant® for Asset Performance Management Solutions.

What are the key features of AspenTech's APM suite?

AspenTech's APM suite features asset health monitoring, failure prediction, performance optimization, and asset lifecycle management.

How does Aspen Technology help its customers improve operational efficiencies?

Aspen Technology helps customers with its APM suite that combines machine learning and predictive analytics to provide actionable insights.

What stock symbol is associated with Aspen Technology?

Aspen Technology is listed under the stock symbol AZPN on NASDAQ.