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Aspen Technology history
Aspen Technology company history timeline
In 1982, the company released its first product, Aspen Plus, commercial process simulation software that was the first of dozens of innovations and industry firsts delivered by the company.
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.
The company's former CEO, David McQuillin, was sentenced in 2007 to 6 months' house arrest and 3 years' probation after pleading guilty to falsifying revenue figures.
Aspen Technology was delisted from the NASDAQ on February 19, 2008 for failing to meet financial transparency guidelines of the NASDAQ exchange.
In February 2010 the company was relisted on the NASDAQ exchange.
The company grew from a 10-person startup to a public company with a capitalization value of $3.9B as of the end of 2013.
In July 2019, Aspen Technology signed an agreement to acquire Montreal-based Mnubo Inc.
© 2022 Aspen Technology Inc
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Aspen Technology competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cadence Design Systems | 1988 | $4.6B | 8,900 | 328 |
| Workday | 2005 | $8.4B | 12,500 | 233 |
| Digimarc | 1995 | $38.4M | 295 | 4 |
| Infoblox | 1999 | $358.3M | 1,001 | 59 |
| MicroStrategy | 1989 | $496.3M | 2,528 | 54 |
| Ansys | 1970 | - | 5,000 | - |
| HubSpot | 2006 | $2.6B | 5,895 | 36 |
| Plex Systems | 1995 | $40.0M | 750 | - |
| Kronos Incorporated | 1977 | $1.4B | 6,000 | 3 |
| Splunk | 2004 | $3.7B | 7,000 | - |
Aspen Technology history FAQs
Zippia gives an in-depth look into the details of Aspen Technology, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Aspen Technology. The employee data is based on information from people who have self-reported their past or current employments at Aspen Technology. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Aspen Technology. The data presented on this page does not represent the view of Aspen Technology and its employees or that of Zippia.
Aspen Technology may also be known as or be related to ASPEN TECHNOLOGY INC DE, Aspen Technology, Aspen Technology Inc and Aspen Technology, Inc.