AspenTech named in Forbes list of the most innovative growth companies

Aspen Technology has announced that it has been named in Forbes Magazine’s 2014 list of the World’s Most Innovative Growth Companies. AspenTech was ranked number 11 among the top 100 companies that investors expect to be innovative today and in the future.

AspenTech develops software that optimises the design and operation of process manufacturing plants and the management of their supply chains. AspenTech was founded in 1981 as a result of an MIT energy project and today the company’s products are used by over 150,000 process and plant professionals in the world’s biggest energy and chemical companies.

“This recognition is the result of our core focus on innovation and commitment to being the premier innovation company in our market. We are proud of this accomplishment - it truly captures the spirit of who we have been as a company for over 30 years,” said Antonio Pietri, president and CEO of AspenTech.

AspenTech’s aspenONE solutions are designed to help process manufacturers implement best practices for optimising their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.

The Forbes Most Innovative Growth Companies list for 2014 appears on Forbes.com.