AspenTech Differentiates With Analytics For Asset Optimization

Published 21 May 2019 by Malavika Tohani & David Metcalfe &
Asset Integrity Asset Performance Management Software Operational Excellence Market Insight

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Executive Summary

This report forms one in a series covering the asset performance management (APM) software market, which is entering a new phase of growth and innovation. AspenTech was founded in 1981. The firm is listed on the NASDAQ stock exchange, operates from 30 locations around the world and has revenues of $500 million. AspenTech’s 2,200 customers mainly operate in asset intensive sectors and the vendor has acquired Fidelis Group and Mtell to enhance its APM software offering. Through its deep investment in APM analytics, the AspenONE software is able to solve three distinct customer problems relating to asset integrity and reliability. This differentiated portfolio of APM analytics makes AspenTech a good fit for large EPC firms, buyers looking for genuinely technology-agnostic APM software and operations managers who need to get new insight into asset health and reliability issues.

Table of contents

AspenTech Strengthens Its APM Software Offerings Through Strategic Acquisitions
The AspenONE APM Software Addresses Three Customer Requirements For Asset Optimization
AspenONE Enhances Performance Through The Asset Life Cycle With Robust Analytics

Organisations mentioned

Bashneft, Borealis, BPCL, CB&I, Exxon Mobil, Fidelis Group, Fluor, FMC Corporation, Jacobs, Massachusetts Institute of Technology, Mtell, NASDAQ, Petrofac, Petronas, RtTech Software, Samsung Engineering, Saras, US Department of Energy, Valero

About the authors

Malavika Tohani

Principal Analyst

Malavika is a Principal Analyst in the Verdantix Operational Excellence practice. Her current research agenda focuses on covering operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

David Metcalfe

CEO

David co-founded Verdantix in 2008 and leads the firm’s research and advisory work on the digitization of Operational Excellence which covers software, systems integration, wearables and drones. Prior to founding Verdantix, David was a Senior Vice President at Forrester Research and Head of Analysis and Forecasting for BT. He holds a PhD from Cambridge University in Game Theory and Decision Analysis and worked as a Research Associate at the Harvard Business School.

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