AspenTech Acquires SolidSim Engineering GmbH

Phil Black - PII Editor 23/03/2012

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Adds Leading Solids Modeling Technology to aspenONE® Engineering Software

Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced it has acquired SolidSim Engineering GmbH, a leading provider of solids process modeling software, based in Hamburg, Germany. SolidSim software is used by a number of leading process manufacturing companies to model those parts of their processes that involve solids.

The addition of SolidSim builds on existing solids process modeling capabilities in aspenONE Engineering software. The combination of SolidSim and aspenONE Engineering software will eventually enable end users to model the entire facility as one single model consisting of both solids and non-solids process sections. This will allow both process engineers and particle technology engineers to work within a single modeling environment, increasing collaboration and driving increased value from enhanced process optimization for customers in the chemicals, specialty chemicals, energy and pharmaceutical industries.
Terms of the transaction were not disclosed.

Supporting Quotes
Mark Fusco, President & CEO, AspenTech

“aspenONE Engineering is the most comprehensive, integrated and easy to use environment for process engineering. The addition of SolidSim will give our customers the ability to model solids, enhancing our aspenONE solutions. With SolidSim and aspenONE software from AspenTech, customers will be able to model the entire facility as one single model consisting of both solids and non-solids. This will not only expand the opportunities for process optimization but will also result in improved engineering work processes and higher productivity of engineering teams.”

Claus Reimers, Co-CEO, SolidSim

“SolidSim software provides leading capabilities for our customers to model solids. Today, many of our customers use both SolidSim and AspenTech software to model their processes. Becoming part of AspenTech will enable us to provide SolidSim functionality in addition to the aspenONE software portfolio, which will provide our customers with a seamless end-to-end solution capable of modeling their entire process.”

Matthias Pogodda, Co-CEO, SolidSim

“Enhancing collaboration between process engineers and particle technology engineers is essential for process companies today. We are excited to join AspenTech and to offer a solution that will allow our customers to drive new levels of optimization across solids and liquids/gas modeling.”