About AspenTech
AspenTech is a company based in Bedford (United States) founded in 1981 was acquired by Emerson in June 2022. AspenTech has raised $100 million across 3 funding rounds from investors including Emerson and Advent International. The company has 64 employees as of April 06, 2024. AspenTech has completed 11 acquisitions, including Apex Optimisation, Camo and Inmation. AspenTech offers products and services including Aspen Mtell, Aspen HYSYS, and Aspen PIMS. AspenTech operates in a competitive market with competitors including Plex Systems, AVEVA, Aker Solutions, HostBooks and CSE Global, among others.
- Headquarter Bedford, United States
- Employees 64 as on 06 Apr, 2024
- Stage Public
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Sectors
Energy & UtilitiesIndustrial Goods & Manufacturing
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Aspentech India Private Limited.
- Date of Incorporation 07 Dec, 2000
- Jurisdiction Delhi, India
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Annual Revenue
$5.21 M (USD)43.81as on Mar 31, 2023
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Net Profit
$528.6 K (USD)11.22as on Mar 31, 2023
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EBITDA
$903.21 K (USD)54.39as on Mar 31, 2023
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Total Equity Funding
$100 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Private Equity Round
Aug 13, 2013
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Investors
Emerson
& 1 more
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Employee Count
64
as on Apr 06, 2024
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Investments & Acquisitions
Apex Optimisation
& 10 more
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Acquired by
Emerson
(Jun 01, 2022)
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Products & Services of AspenTech
AspenTech offers a comprehensive portfolio of products and services, including Aspen Mtell, Aspen HYSYS, and Aspen PIMS.
Predictive maintenance software for industrial asset monitoring
Simulation tool for chemical process design and analysis
Planning software for refinery operations and optimization
People of AspenTech
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Funding Insights of AspenTech
AspenTech has successfully raised a total of $100M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $100 million completed in August 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AspenTech
AspenTech has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Emerson and Advent International.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on multiple sectors
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Automation and engineering services are provided for multiple industries.
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Investor details for AspenTech
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Investments & Acquisitions by AspenTech
AspenTech has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Apex Optimisation, Camo and Inmation.
Investment portfolio details for AspenTech
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of process control and optimisation engineering service
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Locked | Locked | 2014 | Locked | |
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Tablet based online and offline data access and report submission for field crews
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Locked | Locked | 2014 | Locked | |
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Provider of data analytical solutions to multiple industries
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Locked | Locked | 2013 | Locked |
Complete acquisition details for AspenTech
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Financial Statements - AspenTech
Detailed financials for AspenTech
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Aspentech Comparisons
Peer comparison for AspenTech
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Competitors of AspenTech
AspenTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plex Systems, AVEVA, Aker Solutions, HostBooks and CSE Global, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based manufacturing execution software solutions are provided by Plex Systems.
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Cloud-based data visualization and dashboard development are facilitated.
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Diversified solutions for oil and gas operations are provided worldwide.
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Agentic AI-powered ERP solutions are offered for multiple industries.
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System integration and automation solutions are provided for industrial applications.
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Detailed competitors of AspenTech
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Latest news on Aspentech
Complete news archive for AspenTech
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Frequently Asked Questions about AspenTech
AspenTech was founded in 1981 and raised its 1st funding round 10 years after it was founded.
AspenTech is headquartered in Bedford, United States.
AspenTech is a funded company, having raised a total of $100M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at AspenTech is 64.
Annual revenue of AspenTech is $5.21M as on Mar 31, 2023.
AspenTech was founded in 1981 in Bedford, United States. Software solutions focused on AI-driven optimization for manufacturing processes are developed and provided. Empirical models are utilized in applications for chemical plant design and process engineering. Tools for plant operations and supply chain management are also included, supporting industries such as chemical manufacturing across global operations.
AspenTech's top competitors include Plex Systems, HostBooks and AVEVA.
AspenTech offers Aspen Mtell, Aspen HYSYS, and Aspen PIMS.
AspenTech has made 11 acquisitions, including Apex Optimisation, Camo, and Inmation.
AspenTech has 2 investors. Key investors include Emerson, and Advent International.