Acquisition of Plant Solutions PTY LTD Australian Channel Partner Strengthens Presence in Asia Pacific Region
CAMBRIDGE, Mass. - June 7, 2007 - Aspen Technology, Inc. (Nasdaq: AZPN), a leading provider of software and services to the process industries, today announced its acquisition of Plant Solutions Pty, Ltd., AspenTech's alliance partner in Australasia (Australia, New Zealand and Papua New Guinea).
"Plant Solutions has a great reputation for delivering high-value AspenTech solutions to our customers in the Australasia region comprised of AspenTech software and high quality services. This acquisition fits perfectly with our stated strategy of strengthening our presence in the important Asia-Pacific market," said Antonio Pietri, senior vice president and managing director, regional operations, Asia Pacific for AspenTech. "Our customers in the region have come to expect access to a wide range of AspenTech's software and a high level of technical expertise from Plant Solutions and we're confident this will only increase with the full integration of Plant Solutions into AspenTech."
Plant Solutions has been providing a wide range of software and professional services on behalf of AspenTech since its inception in April 2000. Services provided to AspenTech customers in the region include: process simulation and modeling, dynamic simulation, model deployment, performance management, heat exchanger network pinch analysis, distillation column targeting and consulting and implementation services.
"Working with AspenTech for the past seven years has been an extremely productive and beneficial relationship to all of those involved," said Alan Easton, director of sales, Plant Solutions. "When the opportunity presented itself to become part of the AspenTech community we viewed it as a positive development not only for the customers we service, but for our own dedicated team of professionals. By joining forces with AspenTech, both our customers and our employees will have direct access to the best resources and expertise in the industry."
About Aspen Technology
AspenTech is a recognized expert and leading provider of award-winning process optimization software and services. AspenTech's integrated aspenONE(TM) solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes, resulting in millions of dollars in cost savings. For more information, visit www.aspentech.com.