Aspen Technology Announces Expansion of Digital Grid Management Suite with Acquisition of Open Grid Systems
Aspen Technology (NASDAQ: AZPN) has announced a definitive agreement to acquire Open Grid Systems , a global provider of network model management technology. The acquisition will enhance AspenTech's Digital Grid Management suite, offering utilities a comprehensive solution to manage increasing grid complexity and renewable energy assets.
Open Grid Systems' technology enables utilities to view, edit, transform, and analyze power system data with support for industry interoperability standards. The integration aims to create an improved data-centric infrastructure for transmission and distribution companies. The transaction is expected to close before the end of 2024, subject to regulatory approvals.
Aspen Technology (NASDAQ: AZPN) ha annunciato un accordo definitivo per acquisire Open Grid Systems, un fornitore globale di tecnologia per la gestione dei modelli di rete. L'acquisizione arricchirà il pacchetto di gestione della rete digitale di AspenTech, offrendo alle utility una soluzione completa per gestire la crescente complessità della rete e le risorse energetiche rinnovabili.
La tecnologia di Open Grid Systems consente alle utility di visualizzare, modificare, trasformare e analizzare i dati del sistema elettrico con supporto per gli standard di interoperabilità del settore. L'integrazione mira a creare un'infrastruttura migliorata e centrata sui dati per le aziende di trasmissione e distribuzione. Si prevede che la transazione si chiuda entro la fine del 2024, soggetta alle approvazioni regolatorie.
Aspen Technology (NASDAQ: AZPN) ha anunciado un acuerdo definitivo para adquirir Open Grid Systems, un proveedor global de tecnología de gestión de modelos de red. La adquisición mejorará la suite de gestión de redes digitales de AspenTech, ofreciendo a las empresas de servicios públicos una solución integral para gestionar la creciente complejidad de la red y los activos de energía renovable.
La tecnología de Open Grid Systems permite a las empresas de servicios públicos ver, editar, transformar y analizar los datos del sistema eléctrico con soporte para estándares de interoperabilidad de la industria. La integración tiene como objetivo crear una infraestructura centrada en los datos mejorada para las compañías de transmisión y distribución. Se espera que la transacción se cierre antes de fin de 2024, sujeta a las aprobaciones regulatorias.
아스펜 테크놀로지 (NASDAQ: AZPN)는 오픈 그리드 시스템즈를 인수하기 위한 확정 계약을 발표했습니다. 오픈 그리드 시스템즈는 네트워크 모델 관리 기술을 제공하는 글로벌 리더입니다. 이번 인수로 아스펜테크의 디지털 그리드 관리 제품군이 강화되어 유틸리티 회사들은 증가하는 그리드 복잡성과 재생 가능 에너지 자산을 관리할 수 있는 포괄적인 솔루션을 제공받게 됩니다.
오픈 그리드 시스템즈의 기술은 유틸리티가 전력 시스템 데이터를 보고, 편집하고, 변환하고 분석할 수 있도록 하며, 산업 상호 운용성 표준을 지원합니다. 이 통합의 목표는 송배전 회사들을 위한 데이터 중심의 개선된 인프라를 만드는 것입니다. 이번 거래는 규제 승인을 조건으로 2024년 말 전에 완료될 것으로 예상됩니다.
Aspen Technology (NASDAQ: AZPN) a annoncé un accord définitif pour acquérir Open Grid Systems, un fournisseur mondial de technologies de gestion de modèles de réseau. Cette acquisition améliorera la suite de gestion des réseaux numériques d'AspenTech, offrant aux services publics une solution globale pour gérer la complexité croissante des réseaux et les actifs d'énergie renouvelable.
La technologie d'Open Grid Systems permet aux services publics de visualiser, éditer, transformer et analyser les données des systèmes électriques avec le soutien des normes d'interopérabilité de l'industrie. L'intégration vise à créer une infrastructure améliorée centrée sur les données pour les entreprises de transmission et de distribution. La transaction devrait être finalisée avant la fin de 2024, sous réserve des approbations réglementaires.
Aspen Technology (NASDAQ: AZPN) hat eine verbindliche Vereinbarung zur Übernahme von Open Grid Systems angekündigt, einem globalen Anbieter von Technologien zum Management von Netzwerkmodellen. Die Übernahme wird AspenTechs Suite für digitales Grid Management verbessern und Versorgungsunternehmen eine umfassende Lösung bieten, um die zunehmende Komplexität der Netze und erneuerbaren Energieressourcen zu bewältigen.
Die Technologie von Open Grid Systems ermöglicht es Versorgungsunternehmen, Daten von Stromsystemen zu betrachten, zu bearbeiten, zu transformieren und zu analysieren, wobei die Unterstützung für Standards zur Interoperabilität der Branche gewährleistet wird. Die Integration zielt darauf ab, eine verbesserte datenzentrierte Infrastruktur für Übertragungs- und Verteilungsgesellschaften zu schaffen. Es wird erwartet, dass die Transaktion bis Ende 2024 abgeschlossen wird, vorbehaltlich der regulatorischen Genehmigungen.
- Expansion of Digital Grid Management suite capabilities
- Enhanced ability to manage complex grid systems and renewable energy assets
- Improved data integration and interoperability across utility functions
- Strategic acquisition in growing utility management sector
- None.
Insights
This strategic acquisition significantly strengthens AspenTech's position in the utility software market. Open Grid Systems' model-driven technology fills a critical gap in AspenTech's Digital Grid Management suite, particularly valuable as utilities globally struggle with integrating renewable energy sources and managing grid complexity. The technology's focus on interoperability standards and data sharing addresses a major pain point in the industry.
The deal enhances AspenTech's competitive advantage by providing an integrated solution for network model management - a important capability as utilities modernize their grids. While financial terms weren't disclosed, the acquisition should drive revenue growth through cross-selling opportunities to AspenTech's existing utility customers and expand their total addressable market in the rapidly growing grid management software sector.
The integration of Open Grid Systems' technology addresses a critical industry challenge: managing the increasing complexity of power grids due to distributed energy resources and renewables integration. Their expertise in IEC standards and model-driven applications is particularly valuable as utilities worldwide face unprecedented grid modernization challenges.
The combined solution will enable utilities to better handle the technical complexities of grid transformation while maintaining system stability. This acquisition positions AspenTech to capitalize on the global utility digital transformation market, estimated to reach
Addition of pioneering network model management technology enables utilities to effectively manage increasing grid complexity and ensure resiliency
Open Grid Systems’ unique model-driven technology enables utilities to view, edit, transform and analyze power system data with extensive support for industry-specific interoperability standards, enabling efficient data sharing across utility stakeholders and system operators. Combined with AspenTech’s existing DGM suite, the integration of Open Grid Systems’ technology will create an unrivaled data-centric infrastructure to enable alignment across utility functions, resulting in improved reliability and overall grid system performance for transmission and distribution companies.
“AspenTech is committed to expanding its industry-leading software that enables utilities to address the increasing electrical grid complexities,” said Antonio Pietri, President and CEO of AspenTech. “By integrating Open Grid Systems’ technology into the AspenTech DGM suite, we will further enable the visibility, management and optimization of grid assets across planning, operations and maintenance functions, ensuring grid resiliency and stability for our customers.”
Alan McMorran, Founder and Managing Director of Open Grid Systems added, “We are excited to join AspenTech and have the opportunity to advance our technology, expand resources for our customers and employees, as well as have a broader reach to help utilities around the world unlock the unprecedented value of an integrated solution.”
Founded in 2010 and headquartered in
About Aspen Technology
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 asset-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.
© 2024 Aspen Technology, Inc. AspenTech and the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104884264/en/
Media:
Len Dieterle
AspenTech
+1 781-221-4291
len.dieterle@aspentech.com
Source: Aspen Technology, Inc.
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