Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ASPEN TECHNOLOGY, INC.

(AZPN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AspenTech Accelerates Customers Digitalization Journey to Advance Sustainability Goals and Drive Operational Excellence

11/17/2021 | 09:41am EST

BEDFORD - Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced the availability of the newest aspenONE V12 software release.

The release, V12.2, gives companies new sustainability models and product capabilities that accelerate digitalization efforts in support of their sustainability initiatives.

The aspenONE V12 solutions now include more than 50 models, including many that provide insight into where operational efficiencies can be improved upon in support of Scope 1 and 2 CO2 emission reduction targets. Using these models, customers can identify how to reduce emissions across the entire value chain; reduce usage of energy, water and feedstocks; transition to new energy sources like biofuels and hydrogen and enable the circular economy through processes such as plastics recycling and waste-to-chemicals.

'Meeting CO2 emission reduction milestones in the quest to become carbon neutral requires companies to capture operational efficiencies by leveraging and deploying digital capabilities that deliver the insights needed to quickly and easily make adjustments to stay on track,' said David Arbeitel, Senior Vice President of Product Management at AspenTech. 'The new release also provides a wide range of usability enhancements across our product portfolio to deliver faster time-to-value and drive high value business outcomes.'

According to Peter Reynolds, Principal Analyst, ARC Advisory Group, 'AspenTech's new release shows a commitment to innovation with new software to jumpstart customers' sustainability programs. By building sustainability into existing software and adding a multitude of new sample models, AspenTech is demonstrating industry leadership in helping customers address material recycling, emissions reduction, hydrogen, carbon capture, and bio-based feedstocks.'

In addition to sustainability models, the new release includes a range of product enhancements and capabilities designed to provide intuitive usability, faster time-to-value and collaboration across the value chain. These include: Aspen GDOTTM for Olefins - Optimize an entire olefins site with closed-loop dynamic optimization that improves energy efficiency, reduces CO2 emissions and maximizes profitability. An intuitive flowsheet environment simplifies model building, deployment and maintenance and aligns planning with operations to optimize production.

Aspen Production Execution Manager (APEM) - Execute work orders faster, achieve consistent, high product quality, and maintain regulatory compliance. The new APEM Mobile web application provides mobility and an intuitive touchscreen experience that ensures efficient, accurate execution and high-speed performance with 5X faster optimized workflows.

Aspen Supply Chain Management (SCM) Insights - Collaborate cross-functionally with stakeholders across the supply chain, within one flexible environment, designed to digitally operationalize monthly Sales & Operations Planning (S&OP) / Integrated Business Planning (IBP) processes to deliver high value business outcomes.

Aspen UnscramblerTM - Gain faster, more insightful analysis through new capabilities to preprocess and manipulate batch data, including significant speed improvements for faster analysis of big datasets.

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster.

Contact:

Tel: 1.855.882.7736

Email: info@aspentech.com

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about ASPEN TECHNOLOGY, INC.
01/21ASPEN TECHNOLOGY : Svante Wold and Chemometrics
PU
01/20ASPEN TECHNOLOGY : Using Planning Models to Make Your Operations More Sustainable
PU
01/19ASPEN TECHNOLOGY : Ask an Industrial Data Scientist, with Heiko Claussen
PU
01/18Aspen Technology Announces Date of Second-Quarter Fiscal 2022 Financial Results Release..
BU
01/13ASPEN TECHNOLOGY : AspenTech DE&I Year in Review
PU
01/12ASPEN TECHNOLOGY : Accelerating Asia Pacific's Sustainability Drive in 2022
PU
2021ASPEN TECHNOLOGY : Bringing the Power of Digitalization to Process Engineering
PU
2021Aspen Technology Announces Karen Golz as Newly Appointed Audit Committee Chair
AQ
2021ASPEN TECHNOLOGY : Announces Karen Golz as Newly Appointed Audit Committee Chair - Form 8-..
PU
2021ASPEN TECHNOLOGY INC /DE/ : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
More news
Analyst Recommendations on ASPEN TECHNOLOGY, INC.
More recommendations
Financials (USD)
Sales 2022 727 M - -
Net income 2022 295 M - -
Net cash 2022 113 M - -
P/E ratio 2022 32,7x
Yield 2022 -
Capitalization 9 583 M 9 583 M -
EV / Sales 2022 13,0x
EV / Sales 2023 11,8x
Nbr of Employees 1 897
Free-Float -
Chart ASPEN TECHNOLOGY, INC.
Duration : Period :
Aspen Technology, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASPEN TECHNOLOGY, INC.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 143,20 $
Average target price 171,86 $
Spread / Average Target 20,0%
EPS Revisions
Managers and Directors
Antonio Jose Pietri Executive VP-Worldwide Field Operations
Chantelle Yvette Breithaupt Chief Financial Officer & Senior Vice President
Jill D. Smith Chairman
Willie K. Chan Chief Technology Officer
John W. Hague Executive Vice President-Operations
Sector and Competitors
1st jan.Capi. (M$)
ASPEN TECHNOLOGY, INC.-2.63%9 583
ADOBE INC.-9.91%237 857
WORKDAY INC.-10.06%61 423
AUTODESK, INC.-14.94%52 615
ROPER TECHNOLOGIES, INC.-10.96%46 196
ELECTRONIC ARTS INC.5.39%39 313