Aspen Technology Achieves AWS Energy Competency Status

Rhea-AI Summary

Aspen Technology (NASDAQ: AZPN) has achieved the AWS Energy Competency status, highlighting its expertise in leveraging AWS cloud technology for digital transformation and sustainability in the energy sector. This designation signifies AspenTech's capability in developing effective solutions that enhance operational efficiency and support a sustainable energy future. With 2,400 customers globally, AspenTech combines its Industrial AI solutions with AWS technology to drive automation and operational excellence.

Positive

• Achieved AWS Energy Competency status, enhancing market credibility.
• Demonstrated expertise in digital transformation for the energy sector.
• The Aspen AIoT Hub offers scalable solutions for industrial data utilization.

Negative

• None.

Best-in-class AWS Partner status highlights AspenTech’s commitment to helping customers accelerate digital transformation and sustainability initiatives

BEDFORD, Mass.--(BUSINESS WIRE)-- Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced that it has achieved Amazon Web Services, Inc. (AWS) Energy Competency status. This designation recognizes that AspenTech has demonstrated deep expertise helping customers leverage AWS cloud technology to transform complex systems and accelerate the transition to a sustainable energy future. AspenTech also holds the AWS IoT Competency, having demonstrated success in providing specialized edge-to-cloud IoT solutions.

“Market volatility, Industry 4.0 and meeting sustainability goals have accelerated the need for digital transformation in the industrial sector,” said Bill Scudder, Senior Vice President and General Manager, AIoT Solutions at AspenTech. “Our AWS Energy and IoT Competencies allow us to work closely with AWS to help our customers meet these demands with digital and cloud technologies.”

Achieving the AWS Energy Competency differentiates AspenTech as an AWS Partner with deep expertise and technical proficiency within the energy industry, including proven customer success developing solutions across the value chain. To receive the designation, AWS Partners underwent a rigorous technical validation process, including a customer reference audit. The AWS Energy Competency Program provides energy customers with the ability to easily select highly specialized AWS Partners to help accelerate their digital transformation.

The Aspen AIoT Hub™, which is the basis for the AWS IoT Competency, is the cloud-ready environment for AspenTech’s Industrial AI solutions, allowing organizations to unlock hidden value from their industrial data. The Aspen AIoT Hub combined with AWS cloud technology provides customers with flexibility and scalability benefits to achieve greater automation, improve resource efficiencies and drive overall operational excellence that supports a carbon neutral future.

“With 2,400 customers worldwide and 40 years of experience in supporting the energy industry, we look forward to continuing our work as an AWS Partner by helping companies gain a competitive edge from their industrial data in the cloud, while accelerating the energy transition for a more sustainable future,” concluded Scudder.

Additional Resources:

• Shell Accelerates Planning, Improves Margins with Aspen PIMS-AO™ in the AWS Cloud (case study)
• Unlocking Value from AI-Ready, Industrial Data on the AWS Cloud
• Aspen AIoT Hub

About Aspen Technology
Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modeling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

© 2021 Aspen Technology, Inc. AspenTech, the Aspen leaf logo, The Aspen AIoT Hub™ and Aspen PIMS-AO™ are trademarks of Aspen Technology, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005654/en/

Media

Len Dieterle

AspenTech

+1 781-221-4291

len.dieterle@aspentech.com

Source: Aspen Technology, Inc.

FAQ

What does the AWS Energy Competency status mean for Aspen Technology (AZPN)?

The AWS Energy Competency status indicates Aspen Technology's expertise in helping customers use AWS cloud technology for efficient and sustainable energy solutions.

How does Aspen Technology (AZPN) support sustainability initiatives?

Aspen Technology supports sustainability through its digital transformation solutions, which improve operational efficiencies and promote a carbon-neutral future.

What is the Aspen AIoT Hub and its significance for AZPN?

The Aspen AIoT Hub is a cloud-ready environment that enhances the utilization of industrial data, offering flexibility and scalability for operational excellence.

How many customers does Aspen Technology (AZPN) serve worldwide?

Aspen Technology serves 2,400 customers globally.