Welcome to our dedicated page for Aspen Technology news (Ticker: AZPN), a resource for investors and traders seeking the latest updates and insights on Aspen Technology stock.
Aspen Technology, Inc. (symbol: AZPN) is a global leader in asset optimization software, providing solutions that enhance the performance, monitoring, management, and optimization of assets in capital-intensive industries. Founded in 1981, AspenTech's heritage business focuses on optimizing engineering, manufacturing, supply chain, and asset management functions. The company's cutting-edge solutions empower clients to design, operate, and maintain their operations, achieving goals in profitability, safety, and sustainability.
In 2021, AspenTech underwent a significant transformation when Emerson Electric acquired a 55% stake in the company through a $6 billion transaction, which included Emerson's Open Systems International (OSI) and subsurface science and engineering (SSE) businesses. This merger created a new AspenTech, combining the capabilities of the heritage Aspen, OSI, and SSE to serve over 3,000 customers across 40 countries.
Today, AspenTech continues to innovate and expand its product offerings, helping industries ranging from chemicals and energy to pharmaceuticals and mining. The company's software solutions are specifically designed to optimize asset performance, improve operational efficiency, and enhance sustainability efforts. With a strong financial foundation and strategic partnerships, AspenTech is well-positioned to continue leading the market in asset optimization.
Recent achievements include notable advancements in digital grid management through OSI and enhanced capabilities in subsurface science via SSE. These developments align with AspenTech's commitment to providing comprehensive solutions that address the evolving needs of modern industries. The company's ongoing projects and initiatives reflect its dedication to driving growth and delivering value to its customers and shareholders.
Latest News:
- ST. LOUIS, Feb. 7, 2024 — Emerson reported first-quarter results for the fiscal year 2024, highlighting exceptional performance in key financial metrics.
- ST. LOUIS, May 8, 2024 — Emerson announced second-quarter results for the fiscal year 2024, showcasing continued sales growth and margin expansion.
Aspen Technology (NASDAQ:AZPN) has announced that it will release its third-quarter fiscal 2021 financial results on April 28, 2021, after U.S. market close. A conference call and webcast will follow at 4:30 p.m. ET the same day to discuss these results and the company's business outlook. Interested parties can access the live presentation via the company’s Investor Relations website. The results will cover performance metrics from the period ending March 31, 2021, aiming to provide stakeholders insights into AspenTech's financial health and future direction.
Aspen Technology (NASDAQ:AZPN) announced the keynote panel for the virtual OPTIMIZE™ 2021 conference, scheduled for May 18-20, 2021. The event focuses on industrial AI and sustainability, featuring industry leaders discussing digital transformation in capital-intensive sectors. Notable speakers include representatives from McKinsey, Philips 66, and SABIC. CEO Antonio Pietri emphasized the opportunity for customers to connect and share experiences during the pandemic. The conference is free for attendees, enhancing global participation.
Aspen Technology (NASDAQ:AZPN) has partnered with Ecopetrol, Colombia's largest petroleum company, to implement its GDOT™ dynamic optimization and DMC3™ advanced process control software at its Cartagena and Barrancabermeja refineries. This collaboration is part of Ecopetrol's digitalization effort to enhance refining margins and operational efficiency. With these advanced solutions, Ecopetrol aims to improve production optimization, maintain real-time coordination of refining units, and boost overall performance. The integration supports Ecopetrol's strategic initiative to adopt innovative technologies.
Aspen Technology, a leader in asset optimization software, will have CEO Antonio Pietri present at the Bank of America Global Industrials Conference on March 16 at 11:40 a.m. ET. The presentation will be available via live webcast on the company’s Investor Relations website. AspenTech specializes in optimizing the asset lifecycle in capital-intensive industries through advanced software solutions that combine process modeling and artificial intelligence, enhancing performance and sustainability.
Aspen Technology (NASDAQ:AZPN) has appointed Karen Golz to its Board of Directors. Golz, a retired partner from Ernst & Young, brings 40 years of experience in accounting and audit, including her role as Global Vice Chair for Japan. Her expertise in international regulatory matters is expected to support AspenTech's growth and innovation strategies. CEO Antonio Pietri highlighted Golz's credibility and trust as vital assets for the company’s future. Golz is also involved with Analog Devices and Osteon Holdings and holds a degree in Accountancy from the University of Illinois.
Aspen Technology (NASDAQ:AZPN), a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Karl Johnsen will present at the Berenberg Design Software Conference on March 11 at 5:00 p.m. ET. This presentation aims to showcase AspenTech's innovative solutions that enhance asset design and maintenance across industrial environments. Interested parties can view the live webcast on the Investor Relations section of their website. AspenTech combines process modeling expertise with AI to maximize asset performance and sustainability.
Aspen Technology, Inc. (NASDAQ:AZPN) has appointed Chantelle Breithaupt as Senior Vice President and Chief Financial Officer, effective March 22, 2021. Breithaupt, formerly of Cisco, brings extensive experience in finance transformation and leadership. She aims to support AspenTech's goal of achieving one billion dollars in annual spend while fostering agile finance operations. Breithaupt succeeds Karl Johnsen, who is transitioning to an advisory role until June 30. The leadership change may aid AspenTech's double-digit growth and profitability ambitions.
Aspen Technology (NASDAQ:AZPN) announced that Vinythai Public Company Limited, a Thai petrochemical company, has selected its Aspen Mtell software to enhance business sustainability through embedded AI. Vinythai aims to implement predictive and prescriptive maintenance at its Rayong plants, which produce Polyvinyl Chloride (PVC) and Vinyl Chloride Monomer (VCM). This partnership is part of Vinythai's SMART factory initiative, focusing on operational excellence, cost savings, and improved reliability.
Aspen Technology, a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Karl Johnsen will present at the KeyBanc Emerging Technology Virtual Summit on February 24, 2021, at 10:55 a.m. ET. The presentation will be available for live streaming on the company's Investor Relations website for a limited time. AspenTech provides solutions to enhance asset performance and lifecycle management through advanced process modeling and AI technologies, helping industries maximize efficiency while ensuring safety and sustainability.
Aspen Technology, Inc. (NASDAQ: AZPN) has announced its virtual Investor Day scheduled for February 12, 2021, starting at 9:00 a.m. ET. The event will feature presentations from CEO Antonio Pietri and other executives, outlining the company's strategy, vision, and financial outlook. They will discuss how Industrial-AI technology can enhance customer value. A live webcast will be available, and a recording will be accessible afterward on the Investor Relations section of AspenTech's website.
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