History
AspenTech was founded in 1981, with the sole objective of commercializing technology developed as part of the Advanced System for Process Engineering (ASPEN) Project at the Massachusetts Institute of Technology. Since that time, AspenTech has acquired more than 20 industry-leading companies as a part of our strategy to offer a complete, integrated solution to the process industries. Some of these companies include:
- B-JAC International, Inc.
- Chesapeake Decision Sciences, Inc.
- CIMTECH S.A
- Contas Process Control S.r.L.
- Dynamic Matrix Control Corporation (DMCC)
- Hyprotech Ltd.
- ICARUS Corporation
- IISYS, Inc.
- Industrial Systems, Inc. (ISI)
- Neuralware, Inc.
- PIMS business group from Bechtel Corp.
- Process Control Division of U.K.-based Cambridge Control Ltd.
- Prosys Technology, Ltd.
- Setpoint, Inc.
- Special Analysis and Simulation Technologies, Ltd.
- Zyqad, Ltd.
AspenTech became a public company in 1994 (Nasdaq: AZPN).
