ASPEN TECHNOLOGY,INC. (NASDAQ:AZPN) Files An 8-K Other EventsItem 8.01 Other Events.
On February 5, 2018, we completed our acquisition of the group companies of Apex Optimisation that develop and offer dynamic optimization and advanced process control software and services, including Generic Dynamic Optimisation Technology software or GDOT. The purchase price for the acquisition was $23.0million in cash. GDOT software aligns Advanced Process Control (APC) with Planning & Scheduling, enabling unified production optimization for refineries and petrochemical companies in complex industrial environments. We did not acquire Apex Optimisation’s Australian services operations, which will be conducted by an independent entity under the new name of Greenfern Dynamics Pty.
On February 5, 2018, we issued a press release announcing the acquisition. The full text of the press release issued in connection with the acquisition is attached as Exhibit 99.1 to this Current Report on Form 8-K. Neither Exhibit 99.1 nor any information contained therein shall be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall either Exhibit99.1 or any information therein be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
The following exhibit relating to Item 8.01 shall be deemed to be furnished, and not filed as part of this Current Report on Form 8-K:
ASPEN TECHNOLOGY INC /DE/ ExhibitEX-99.1 2 a020520188-kxexhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Contacts: Media Contact Investor Contact David Grip Brian Denyeau AspenTech ICR +1 781-221-5273 +1 646-277-1251 [email protected] bria[email protected] Acquires Apex Optimisation,…To view the full exhibit click
About ASPEN TECHNOLOGY,INC. (NASDAQ:AZPN)
Aspen Technology, Inc. is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. It operates through two segments, including subscription and software, which provides licensing of process optimization software solutions and associated support services, and services, which includes professional services and training. It has developed applications to design and optimize processes across the business areas, including engineering, manufacturing and supply chain. Its products include Aspen HYSYS, Aspen Economic Evaluation, Aspen Info Plus.21, Aspen PIMS Advanced Optimization, Aspen Collaborative Demand Manager and Aspen Supply Planner.