Aspen Technology Inc

Aspen Technology Inc, commonly referred to as AspenTech, is a global technology firm headquartered in Bedford, Massachusetts, with more than 30 locations across the US, Canada, Latin America, Europe, the Asia Pacific region, Africa, and the Middle East. Founded in 1981, the firm provides a wide range of technology solutions across a number of industries, including pharmaceuticals, transportation, metals and mining, specialty chemicals, and food and beverage. AspenTech refers to itself as “optimizing assets to run safer, greener, longer and faster’. The solutions offered by the firm focus on product optimisation, performance engineering, value chain optimisation, and asset performance management. The firm’s Aspen PIMSTM refineries planning software is used by companies worldwide to plan around three quarters of the world’s refining feedstock. The company has grown through various acquisitions, having acquired more than 25 top companies in related industries, including Mnubo and Sabisu in 2019, which expanded their capacity to deliver AI-driven solutions to smart enterprises in various industries. In 2014, the firm was named as one of the World’s Most Innovative Growth Companies by Forbes. The firm has been trading on the NASDAQ since 1994, where it is listed under the stock ticker AZPN. Track the share price of AZPN by adding it to your eToro watchlist.