Tranche Update on Aspen Technology, Inc.'s Equity Buyback Plan announced on August 1, 2023.
February 06, 2024 at 04:07 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 375,041 shares, representing 0.59% for $72.11 million. With this, the company has completed the repurchase of 954,839 shares, representing 1.49% for $186.31 million under the buyback announced on August 1, 2023.
Aspen Technology, Inc. is an industrial software company. The Company develops solutions to address complex industrial environments where it is critical to optimize the asset design, operations and maintenance lifecycle. The Company combines modeling, simulation, and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. It operates through three segments: OSI, Inc., SSE and Heritage AspenTech. It offers products for asset performance management, manufacturing and supply chain, performance engineering, subsurface science & engineering and artificial intelligence of things hub (AIoT). Its products include Aspen Mtell, Aspen Fidelis, Aspen ProMV, Aspen Process Pulse, Aspen Unscrambler, Aspen DMC3, Aspen Virtual Advisor for DMC3, Aspen Enterprise IP.21 Historian, Aspen GDOT, Aspen Unified Reconciliation and Accounting, Aspen PIMS-AO and others.