Nearly 40 years of AspenTech History and Development

AspenTech's history of leadership is marked by breakthrough innovations in process optimization and a heritage of delivering superior value to process industry companies around the world.

AspenTech rings Nasdaq closing bell, celebrating company's 20 year anniversary on the Nasdaq Exchange

New office in Bahrain

AspenTech is named to Forbes Magazine's list of the World's Most Innovative Growth Companies.

AspenTech launches AspenTech Community, an online site dedicated to the global exchange of process industry information and ideas.

AspenTech acquires Sulsim sulfur simulation software, from Sulphur Experts.

AspenTech opens new global headquarters in Bedford, Massachusetts

AspenTech introduces the first content marketplace for process optimization with aspenONE Exchange. It is a one-stop shop to source equipment data, third-party content, and AspenTech resources.

AspenTech introduces the aspenONE web and mobile interface, enabling customers to run Aspen Plus and Aspen HYSYS model from any web-enabled device with no software installation or training.

AspenTech acquires pipeline scheduling and dock scheduling software from Refining Advantage, Inc.

AspenTech launches the AspenTech Academy, a corporate advisory group of world-renowned university professors. The charter of the AspenTech Academy is to advise and guide the company on the development of next-generation aspenONE software products.

AspenTech announces the release of aspenONE V8 software, delivering breakthrough innovations in usability and introducing the "Activation" feature

AspenTech launches aspenONE Desktop package that makes it easier for small-to-medium engineering companies to use the same aspenONE software used by the world's largest process manufacturing companies.

AspenTech acquires PSVPlus relief valve sizing software, from Softbits Consultants, Ltd.

AspenTech Acquires SolidSim Engineering GmbH, adding leading solids modeling technology to aspenONE Engineering eoftware

AspenTech introduces mobile applications for instant access to aspenONE software on Apple iPad, iPhone, and Blackberry devices.

AspenTech wins a Supply & Demand Chain Executive 100 Award, recognizing a project where aspenONE software helped a leading plastics and chemicals manufacturer increase the length of its scheduling horizon by 100 percent and reduce maintenance over 80 percent.

AspenTech opens an office in Moscow to better serve its Russia and Eastern European-based customers.

AspenTech receives the prestigious R&D 100 Award for innovation in software R&D Magazine—for a breakthrough collaboration with National Institute of Standards and Technology (NIST) that gives process engineers modeling capabilities for a wide-range of chemical compounds for improved design and optimization of process industry plants.

AspenTech releases aspenONE software in nine languages—Chinese, French, German, Italian, Japanese, Korean, Portuguese, Russian, and Spanish—adding to the existing English version.

AspenTech introduces aspenONE V7, a groundbreaking release that enables companies to more easily adopt best practices for engineering excellence.

AspenTech moves its corporate headquarters from Cambridge to Burlington, MA to facilitate hiring and recruitment objectives.

AspenTech opens an R&D Quality Assurance center in Shanghai, China.

AspenTech names Mark Fusco President & CEO.

The initial release of aspenONE^® software brings together integrated suites of optimization products across engineering, manufacturing and supply chain.

AspenTech receives the SSPA Hall of Fame STAR Award for excellence Complex Support Applications, the fifth time the company has received the award.

The first Configured Application Product (CAP) in Supply Chain Management is released. Today, AspenTech's Supply Chain Management suite continues to deliver new ways to standardize and simplify solutions for complex supply chains across the process industries.

The first Search Algorithms for optimizing Polymers Scheduling are released. Today, Aspen Plant Scheduler features the latest scheduling technology that allows customers to create optimal schedules that can be viewed at a glance and easily adjusted on the fly.

AAspenTech is named one of 200 Best Small Companies in the U.S. by Forbes Magazine.

AspenTech begins a series of acquisitions. Over the next several years AspenTech acquires over 25 best-of-breed companies to expand its portfolio of optimization products in manufacturing and supply chain as well as engineering.

AspenTech becomes a publicly traded company on the NASDAQ exchange.

The first commercially available model predictive control software is released. Today, Aspen DMCplus is the #1 advanced process control product.

The first planning software for refineries is released. Today, Aspen PIMS is used to plan three quarters of the world's refining feedstock.

AspenTech hosts its first user group meeting. Today, the company's OPTIMIZE conference is the world's largest event focused exclusively on process optimization, with attendees from over 40 countries.

AspenTech released its first product, Aspen Plus^® - Today, Aspen Plus is the #1 software product for chemical process modeling.

AspenTech was founded in 1981, after MIT's chemical engineering group received a U.S. Department of Energy grant to study technical innovation in the process industry in response to the 1970s oil crisis. 

Source : aspentech.com