About AspenTech
AspenTech is an Energy & Utilities company based in Bedford (United States) founded in 1981, and was acquired by Emerson in June 2022. It operates as an AI-based software for manufacturing process optimization is offered. It operates in the Energy & Utilities and Industrial Goods & Manufacturing sectors. AspenTech has raised $100 million across 3 funding rounds from investors including Emerson and Advent International. The company has 64 employees. AspenTech has completed 11 acquisitions, including Apex Optimisation, Camo and Inmation. Its website aspentech.com draws about 170 thousand monthly visits. Its Indian entity Aspentech India Private Limited. reported revenue of ₹56.10 Cr. AspenTech offers products and services including Aspen Mtell, Aspen HYSYS, and Aspen PIMS. Its focus areas include Enterprise Applications, Manufacturing Tech, Manufacturing Execution System and Suite. Its competitors include Plex Systems, AVEVA, Aker Solutions, HostBooks and CSE Global and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Bedford, United States
- Employees 64
- Stage Acquired
- SectorsEnergy & UtilitiesIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website aspentech.com/en
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Emerson (Jun 2022)
- Legal Name Aspentech India Private Limited.
- Date of Incorporation 07 Dec, 2000
- Jurisdiction Delhi, India
- Annual Revenue₹56.10 Cr
FY 2025 · +15% YoY
- Net Profit₹5.08 Cr
FY 2025 · 9% margin
- EBITDA₹7.96 Cr
FY 2025 · 14% margin
- Total Equity Funding$100M (USD)
in 3 rounds
- Latest Funding Round$100M (USD), Private Equity Round
Aug 2013
- InvestorsEmerson
& 1 more
- Employee Count64
- Investments & AcquisitionsApex Optimisation
& 10 more
- Acquired byEmerson
(Jun 2022)
Associated legal entities of AspenTech
AspenTech operates through Aspentech India Private Limited. (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aspentech India Private Limited. CIN U72200DL2000PTC108783 | Active | 07 Dec 2000 | Delhi, Delhi | ₹56.1 Cr | 64 | 3 | View details |
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
Apps and channels of AspenTech
its YouTube channel Aspen Technology has 9.17K subscribers and 30 videos.
Videos from AspenTech
The most watched videos on AspenTech's YouTube channel, Aspen Technology (9.17K subscribers). Click a video to play it here.
More on Aspen Technology.
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.
- Total Funding $100M
- Total Rounds 3
- Last Round Private Equity Round — $100M
- Investors Count 1
All 3 funding rounds of AspenTech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2013 | $100M | Private Equity Round | – | Advent International | – |
| Feb 2002 | $30M | Post-IPO | – | – | – |
| Oct 1991 | – | Private Equity Round | – | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | – | adventinternational.com | Sao Paulo, Brazil | |
Automation and engineering services are provided for multiple industries. | 1890 | emerson.com | St. Louis, United States |
Investor details for AspenTech
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Board of directors of Aspentech India Private Limited. (AspenTech)
Aspentech India Private Limited. is the primary company behind AspenTech. The board of Aspentech India Private Limited. currently have 3 directors; the longest-serving is Abhinav Chowdhary, appointed in 2022. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhinav Chowdhary DIN 09621783 | Whole-time director | 06 Jun 2022 | 4 yrs 4 mo | Aspentech India Private Limited. |
| Khaw Yew Tuan DIN 09826109 | Director | 10 Jan 2023 | 3 yrs 9 mo | Aspentech India Private Limited. |
| Paul Hsuan Eu Tan DIN 10658903 | Director | 17 Jun 2024 | 2 yrs 4 mo | Aspentech India Private Limited. |
People of AspenTech
34 people are tracked at AspenTech (20 in leadership, 6 in board & advisors, 8 in team); the tracked headcount is 64.
| Name | Role | Group |
|---|---|---|
Antonio Pietri | President & CEO | Leadership |
Bill Mock | Chief Research & Software Development Officer | Leadership |
Cathy Coote | VP, Total Rewards | Leadership |
Denise Staubach | VP, Marketing Programs, Corporate Marketing | Leadership |
Carole Gunst | Marketing Director | Leadership |
Craig Hodgson | Director, Marketing Communications | Leadership |
Tina Chee Lai Cheng | Senior Director of Marketing, APAC | Leadership |
Richard Krieger | VP, Global Marketing | Leadership |
Aditya Pendyala | Senior Director, Market Strategy | Leadership |
Amy Moynihan | VP, Human Resources | Leadership |
Laura Rokohl | VP, Product Marketing | Leadership |
Ken Slater | Senior Director, Global Marketing Operations | Leadership |
Stuart Harris | Chief Marketing & Strategy Officer | Leadership |
Dimitrios Varvarezos | Co-CTO | Leadership |
Heiko Claussen | Co-CTO | Leadership |
Chantelle Breithaupt | CFO | Leadership |
Christopher Cooper | Chief Legal Officer | Leadership |
Sarah Kumlin | Director, Marketing Automation | Leadership |
David Baker | CFO | Leadership |
Manish Chawla | Chief Customer Officer | Leadership |
14 more people are available in the full profile.
Complete people profiles for AspenTech
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Financials of AspenTech
Figures of Aspentech India Private Limited., the primary company behind AspenTech, for FY 2025. Revenue was ₹56.10 Cr (+15% year on year). Net profit was ₹5.08 Cr (9% margin). EBITDA was ₹7.96 Cr (14% margin). Revenue has grown at a compounded annual rate of +23% over three years and +20% over five years.
- ₹56.10 CrRevenue · FY 2025 · +15% YoY
- ₹5.08 CrNet profit · 9% margin
- ₹7.96 CrEBITDA · 14% margin
- ₹5.9 LakhPaid-up capital
- 64Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aspentech India Private Limited. are on its company page.
Detailed financial statements for AspenTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Tablet based online and offline data access and report submission for field crews | opengrid.com | Glasgow, United Kingdom | 2014 | Nov 2024 | •••• | |
Provider of data analytical solutions to multiple industries | inmation.com | Cologne, Germany | 2013 | Oct 2022 | •••• | |
Software solutions for mining exploration and operations are provided. | micromine.com | Nedlands, Australia | 2012 | Jul 2022 | $900M | |
AI-based 3D automated engineering and design software is developed. | optiplant.com | Walnut Creek, United States | 2009 | Dec 2020 | •••• | |
Multivariate data analysis solutions are offered by CAMO through Unscrambler. | camo.com | Oslo, Norway | 1984 | Nov 2020 | •••• | |
A cloud platform that provides M2M vertical applications to manage a wide range of machine-to-machine devices. | mnubo.com | Montreal, Canada | 2012 | Jul 2019 | $78.08M | |
Industrial data is aggregated and analyzed for predictive insights. | sabisu.co | London, United Kingdom | 2010 | Jul 2019 | •••• | |
Provider of process control and optimisation engineering service | apex-opt.com | Glenelg, Australia | 2014 | Feb 2018 | •••• | |
Real-time machine monitoring and industrial data analysis are provided. | rttechsoftware.com | Moncton, Canada | 2011 | Dec 2017 | •••• | |
Software solutions for industrial equipment health management are provided. | mtell.com | San Diego, United States | 2006 | Oct 2016 | $37M |
Complete acquisition details for AspenTech
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Timeline of AspenTech
15 dated milestones of AspenTech across 43 years, from founding to its latest funding, stage changes and deals.
- Founded AspenTech is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Private Equity Round, of $100.0M.
- Acquisition Acquires Mtell.
- Acquisition Acquires RtTech.
- Acquisition Acquires Apex Optimisation.
- Acquisition Acquires Sabisu.
- Acquisition Acquires Mnubo.
- Acquisition Acquires Camo.
- Acquisition Acquires OptiPlant.
- Exit Acquired by Emerson.
- Acquisition Acquires Micromine.
- Acquisition Acquires Inmation.
- Acquisition Acquires Open Grid Systems.
Competitors of AspenTech
AspenTech has 8 listed competitors in our database, 5 of them funded. They include Plex Systems, AVEVA, Aker Solutions, HostBooks and CSE Global, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plex.com | 1995 | Troy, United States | $86.5M | 510 | Cloud-based manufacturing execution software solutions are provided by Plex Systems. | |
| aveva.com | 1967 | Cambridge, United Kingdom | – | 48 | Cloud-based data visualization and dashboard development are facilitated. | |
| akersolutions.com | 1841 | Oslo, Norway | – | 21 | Diversified solutions for oil and gas operations are provided worldwide. | |
| hostbooks.com | 2009 | Sacramento, United States | $8M | 94 | Agentic AI-powered ERP solutions are offered for multiple industries. | |
| cse-global.com | 1985 | Singapore | – | – | System integration and automation solutions are provided for industrial applications. | |
| decisyon.com | 2005 | San Francisco, United States | $55.85M | – | A platform for corporate performance management is provided. | |
| apriso.com | 1992 | Long Beach, United States | $16.1M | – | Business process management software is supplied to manufacturing firms. | |
| groyyo.com | 2021 | Gurugram, India | $33.1M | 93 | AI-powered automation platform for MSME garment factories is provided. |
Detailed competitors of AspenTech
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Web traffic of AspenTech
The website of AspenTech (aspentech.com) receives about 170.5K visits a month.
- Monthly visits170.5K
▼ 3.9% vs previous month
Websites whose visitors overlap most with AspenTech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cheresources.com | cheresources.com | 100% | – | #389,600 | – |
| chemicalengineeringguy.com | 86% | – | #1,178,950 | View details | |
| winsim.com | 83% | – | #11,211,391 | View details | |
aspeninc.com | aspeninc.com | 82% | – | #3,437,574 | – |
arpnjournals.org | arpnjournals.org | 79% | – | #1,602,665 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for AspenTech
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- 17 similar websites
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Top companies in Oil & Gas Technology Solutions
10 companies that operate in the same segment as AspenTech (Oil & Gas Technology Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | – | 1,820 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Akershus, Norway | USD 225 M | USD 82.56 M | 931 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | – | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – | |
High-velocity drilling solutions are developed using RAM accelerator technology. | 2014 | Austin, Texas, United States | USD 33.29 M | – | – |
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Related news about 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.
AspenTech has 64 employees.
The primary company behind AspenTech, Aspentech India Private Limited., reported revenue of ₹56.10 Cr for FY 2025, up 15% year on year.
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.
AspenTech operates through Aspentech India Private Limited..
Yes. AspenTech was acquired by Emerson in June 2022.