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AspenTech Acquires PSVPlus

Stocks in this article: AZPN

Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced it has acquired the PSVPlus software product from Softbits Consultants, Ltd.

Energy, chemical, and engineering and construction companies use PSVPlus to model pressure relief scenarios and size pressure relief valves in process plants, based on industry standard procedures. Modeling of pressure relief valves helps to ensure proper safety and reliability of process plants.

The aspenONE Engineering suite provides market leading process plant modeling and optimization capabilities. PSVPlus provides additional capabilities that will eventually enable AspenTech to provide a complete overpressure protection system optimization capability. This will result in increased engineering efficiency, reduced capital and increased safety and reliability for AspenTech customers.

Terms of the transaction were not disclosed.

Supporting Quotes

Mark Fusco, President & CEO, AspenTech“aspenONE Engineering is the most comprehensive, integrated and easy-to-use environment for process engineering. The addition of PSVPlus will give our customers the ability to model pressure relief scenarios, which is a critical activity in the design and operation of every process plant. This makes it possible to generate inherently safer and more efficient designs.”

Supporting Resources

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

NOTE: Aspen Technology may provide information regarding possible future product developments including new products, product features, product interfaces, integration, design, architecture, etc. that may be perceived to represent “product roadmaps.” Any such information is for discussion purposes only and does not constitute a commitment by Aspen Technology to do or deliver anything in these product roadmaps or otherwise. Any such commitment must be explicitly set forth in a written contract between the customer and Aspen Technology, executed by an authorized officer of each company.

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