Aspen Technology is a leading provider of software solutions designed to optimize asset performance and improve efficiency in manufacturing and production processes. The company focuses on industries such as oil and gas, chemicals, pharmaceuticals, and biotechnology, offering advanced analytics, artificial intelligence, and machine learning tools that help organizations achieve operational excellence. Aspen Technology's innovative software supports companies in maximizing their investments, minimizing environmental impact, and ensuring safety and reliability in their operations. Through its comprehensive suite of solutions, Aspen Technology empowers businesses to enhance productivity and drive sustainable growth.
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that Interconexión Eléctrica S.A. E.S.P. (ISA), the largest multi-country energy transmission company in Latin America, is using its Digital Grid Management (DGM) solutions to deliver 99.99% reliability across approximately 16,395 miles of circuit throughout the region. ISA and AspenTech are partnering to ensure power is accessible, secure and reliably available to populations in Colombia, Peru and Bolivia.
Aspen Technology, Inc. (NASDAQ:AZPN) (“AspenTech” or “the Company”), a global leader in industrial software, today announced that its Board of Directors has formed a special committee (the “Special Committee”) composed of three independent directors to consider the non-binding proposal from Emerson Electric Co. (NYSE:EMR) (“Emerson”) received on November 5, 2024. Emerson and its affiliates currently own 57.4% of the Company’s outstanding common shares.
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced a strategic partnership with Landsvirkjun, the largest power producer in Iceland. The utility will be implementing AspenTech OSI Digital Grid Management software that will enable it to enhance real-time control and optimize power generation, ensuring the secure and efficient management of its 18 plants across Iceland.
Aspen Technology, Inc. (NASDAQ:AZPN) (“AspenTech” or “the Company”), a global leader in industrial software, today announced that its Board of Directors received an unsolicited, non-binding proposal letter, dated November 5, 2024, from Emerson Electric Co. (NYSE:EMR) (“Emerson”), to acquire all of the outstanding shares of common stock of the Company not already owned by Emerson for cash consideration of $240.00 per share.
Emerson Electric reported strong Q4 FY24 results, with net sales up 13% and adjusted EPS beating expectations. FY25 outlook shows continued momentum and plans for shareholder returns.
Aspen Technology, Inc. (“AspenTech” or the “Company”) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its first quarter in fiscal 2025, ended September 30, 2024.
Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, today announced that it has entered into a definitive agreement to acquire Open Grid Systems Limited, a global provider of network model management technology and a pioneer in developing model-driven applications supporting open access to data through industry standards. With this acquisition, AspenTech’s Digital Grid Management (DGM) suite will offer utilities a comprehensive, fully integrated network model management solution to address the acceleration of new grid assets, such as renewable generation, with increased flexibility to manage and scale network model data both inside and outside the control room. The transaction is subject to receipt of customary regulatory approvals and is expected to close before the end of 2024.
Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that it will release financial results for its first quarter fiscal year 2025, ended September 30, 2024, after the U.S. financial markets close on Monday, November 4, 2024.
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today introduced the AspenTech Microgrid Management System™ (MMS), a solution for customers with heavy electrical power requirements in refining, chemicals, mining and other asset-intensive industries that manage their own on-site conventional and renewable power generation in orchestration with active load management and energy storage. Based on the company’s proven AspenTech OSI monarch™ SCADA platform, the solution empowers customers to maximize operational performance and accelerate net-zero goals.
In an environment where technology continues to reshape industries and drive growth, mid-cap tech stocks may offer a unique opportunity for investors. Here are three such stocks that are poised to outperform the broader market.
Aspen Technology, Inc. (“AspenTech” or the “Company”) (NASDAQ: AZPN), a global leader in industrial software, held its 2024 Investor Day today, during which management provided updates on the Company’s strategic priorities, business growth drivers, product innovation, and financial outlook.
Aspen Technology, Inc. (“AspenTech” or the “Company”) (NASDAQ: AZPN), a global leader in industrial software, today announced that Antonio Pietri, President and Chief Executive Officer, will present at the Piper Sandler Growth Frontiers Conference in Nashville, TN.
Aspen Technology, Inc. (“AspenTech” or the “Company”) (NASDAQ: AZPN), a global leader in industrial software, has announced that it will host its 2024 Investor Day on Tuesday, September 17, 2024. The event will start at 1:00 pm ET and is expected to conclude at 5:00 pm ET.
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced an expansion of its strategic partnership with Omaha Public Power District (OPPD) to support the utility’s goal of net zero carbon production by 2050. AspenTech will provide its Digital Grid Management (DGM) software suite to monitor, intelligently schedule and control distributed energy resources (DERs) on OPPD’s grid while maintaining reliability for a population of 885,000 people across 5,000 square miles in the state of Nebraska.
AspenTech, Inc. shares rise after beating Q4 FY24 earnings and revenue expectations, with ACV increasing 9.4% Y/Y. Company also announces $100M buyback.
