ASPENTECH Corp
aspentech.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Apr 27, 2022. Its latest SEC filing is a SC 13G/A from Feb 14, 2023.
10-Q for Q3 FY2022, filed Apr 27, 2022
The sections below describe the company as of the FY2021 annual report.
What Did They Do?
Sells software for designing, operating and maintaining industrial assets to process manufacturers and other capital-intensive industries.
10-K for FY2021, filed Aug 18, 2021We provide integrated asset optimization software solutions designed and developed specifically for the process and other capital-intensive…View ↗
Engineering. Our engineering software is used to develop process designs of new plants, re-vamp existing plants, and simulate and optimize…View ↗
Manufacturing and Supply Chain. Our manufacturing software is used to optimize day-to-day processing activities, enabling process…View ↗
Asset Performance Management. Our asset performance management software is used to understand and predict the reliability of a system; be…View ↗
We have approximately 2,500 customers globally. Our customers consist of companies engaged in the process industry and other…View ↗
Who Were Their Customers?
Process manufacturers and other capital-intensive companies buy the software, mostly through AspenTech’s direct field sales team; inside sales serves some market segments, and select channel partners help reach adjacent markets. The company also licenses products to universities for teaching and research.
10-K for FY2021, filed Aug 18, 2021We have approximately 2,500 customers globally. Our customers consist of companies engaged in the process industry and other…View ↗
Historically, most of our license sales have been generated through our direct Field Sales organization. In order to market the specific…View ↗
We have established channel relationships with select companies that we believe can help us pursue opportunities in adjacent target…View ↗
Further penetrate existing customer base. We have an installed base of approximately 2,500 customers. Many of our customers only use a…View ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2022, filed Apr 28, 2022
$75.1MView ↗
- ▲ +20%
- vs $62.5M in Q3 FY2021
-
May 17, 2022
Emerson transaction combined AspenTech with two industrial software businesses
Emerson contributed OSI and Geological Simulation Software to AspenTech in exchange for a 55% stake; the transaction closed and control changed.
Sources
8-K, filed May 17, 2022
BEDFORD, Mass. – May 16, 2022 – Aspen Technology, Inc. (NASDAQ:AZPN) (“AspenTech” or “the Company”), a global leader in industrial…View ↗
Broader industries and software offerings
The latest report describes a strategy to market asset optimization solutions to pharmaceuticals and metals and mining businesses, and adds food and beverage among the listed customer industries. It also places AI capabilities across the software and describes a hybrid model method combining engineering models with AI.
10-K for FY2018, filed Aug 8, 2018 10-K for FY2021, filed Aug 18, 2021We have approximately 2,500 customers globally. Our customers consist of companies engaged in the process industry and other…View ↗
Other Industries. We recently embarked on a new strategy to market our products and solutions to support companies in the pharmaceuticals…View ↗
AspenTech solutions help customers meet these challenges with proven domain expertise and innovative solutions. Our hybrid model…View ↗
We provide integrated asset optimization software solutions designed and developed specifically for the process and other capital-intensive…View ↗
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