Aspen Technology, Inc. is a provider of software and services for the process industries. Headquartered in Burlington, Massachusetts, USA, Aspentech has 34 offices in 27 countries, spanning 6 continents. Founded in 1981, Aspentech was born out a joint research project between the Massachusetts Institute of Technology and US Department of Energy—an Advanced System for Process Engineering Project. On July 15, 2004, AspenTech was required by the Federal Trade Commission to make divestitures in regard to an anti-trust ruling against its acquisition of HyproTech. This included divestment... of batch and continuous simulation systems and integrated engineering software business . Aspen Technology was delisted from the NASDAQ on February 19, 2008 for failing to meet financial transparency guidelines of the NASDAQ exchange. It has since been relisted. Over the past few years, under the leadership of Mark Fusco, AspenTech has attempted a corporate turnaround strategy.
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