1981
AspenTech is founded in 1981, after MIT’s chemical engineering group received a U.S. Department of Energy grant to study technical innovation in the process industries in response to the 1970’s energy crisis.
AspenTech
MILESTONES
AspenTech releases its first product – Aspen Plus . Today, Aspen Plus is the #1 software product for chemical process modeling.
1982
®
AspenTech becomes a publicly traded company on the Nasdaq Stock Market.
1994
The first planning software for refineries is released. Today, Aspen PIMS is used to plan three quarters of the world's refining feedstock.
1984
1996
TM
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.
Initial release of aspenONE software brings together integrated suites of optimization products across engineering, manufacturing and supply chain functions.
2004
AspenTech opens R&D Quality Assurance center in Shanghai, China.
2006
2009
AspenTech releases aspenONE software in nine languages—Chinese, French, German, Italian, Japanese, Korean, Portuguese, Russian and Spanish—adding to the existing English version.
AspenTech launches aspenONE Desktop package, enabling small- to medium-sized engineering companies to utilize the same aspenONE software used by the world's largest process manufacturing companies.
2012
2013
AspenTech named to Forbes magazine’s list of the World’s Most Innovative Growth Companies.
Antonio Pietri is named President and CEO.
2014
AspenTech releases aspenONE Asset Performance Management (APM) product suite, an industry-first complete suite for site, process and equipment performance management.
2017
2019
AspenTech acquires Mnubo and Sabisu to deliver scalable, AI-driven solutions for the smart enterprise.
AspenTech delivers Industrial AI solutions to accelerate the journey to the Self-Optimizing Plant.
2020
Celebrates 40 Years
2021
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