Driving Reliability and Harnessing the Power of Connected IIoT Assets

BEDFORD, Mass. – June 5, 2018 – Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, announced the general availability today of the Aspen Edge Connect and Aspen Cloud Connect products in the latest aspenONE^® Version 10.1 software release. The Aspen Connect family of solutions creates a sustainable Industrial Internet of Things (IIoT) infrastructure that scales from pilot to production, delivering low-touch, high-impact analytics and machine learning applications to asset-intensive companies within a connected, high-performance data environment on premise or in the cloud that optimizes networking and storage.

Aspen Edge Connect software is hardware-agnostic, supporting Linux and Windows on most edge devices and works with modern and legacy industrial controls and connections to avoid costly 'rip and replace' disruptions. Aspen Cloud Connect is server-based and supports a wide range of communication protocols, collecting, cleansing and analyzing data from historians, data lakes and other data sources, integrating with process, equipment and enterprise data via aspenONE Manufacturing Execution (MES) and Asset Performance Management (APM) software to support scalable, sustainable application development and deployment.

“Critical business decisions require the actionable data-driven insights possible only with machine learning and advanced analytics,” said Keith Flynn, Senior Director, Product Management, R&D - Architecture & Security. “AI-enabled IIoT solutions at the edge and through the cloud increasingly are helping companies drive asset reliability, increase operational efficiencies, maximize productivity and manufacture products at reduced costs and consistent quality.”

He added, “Leaders are seizing the opportunity to use data science to drive profit and business sustainability. Aspen Edge Connect and Aspen Cloud Connect enable organizations to obtain ROI by using data to drive asset optimization and reach high and sustained levels of operational excellence.”

The Aspen Connect family of solutions is the latest addition to AspenTech’s asset optimization software solutions that help companies push the limits of performance and run assets faster, safer, longer and greener.  AspenTech is working with customers to extend optimization’s reach through the combination of process modeling expertise, advanced analytics and machine learning.

Supporting Resources

• aspenONE V10.1 Software
• Aspen Connect
• AspenTech Acquires Industrial Internet of Things Cloud-based Software and Edge Connectivity Assets of RtTech Software Inc.

About AspenTech

AspenTech is a leading software supplier for optimizing asset performance. Our products thrive in complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modeling expertise with big data machine learning. Our purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets faster, safer, longer and greener. Visit AspenTech.com to find out more.

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© 2018 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo, Aspen Edge Connect and Aspen Cloud Connect are trademarks of Aspen Technology, Inc. All rights reserved.