Aspen Technology

Aspen Technology, Inc. is a provider of software and services for the process industries. Headquartered in Burlington, Massachusetts, USA, Aspentech has 34 offices in 27 countries, spanning 6 continents. Founded in 1981, Aspentech was born out a joint research project between the Massachusetts Institute of Technology (MIT) and US Department of Energy—an Advanced System for Process Engineering (ASPEN) Project. On July 15, 2004, AspenTech was required by the Federal Trade Commission to make divestitures in regard to an anti-trust ruling against its acquisition of HyproTech. This included divestment of batch and continuous simulation systems and integrated engineering software business (AXSYS). Aspen Technology was delisted from the...