BNET Industries

Market Cap:$896.6M
Last Fiscal Year Sales:$341.0M
  • Public
  • US
Dow Jones Description

Aspen glides down the slopes of software operation. Aspen Technology, Inc. (NASDAQ: AZPN) provides software and professional services that enable process companies to model, manage, and control their operations. Its products provide manufacturers the capability to optimize operational performance, make real-time decisions, and synchronize the plant and supply chain. Founded in 1981 and headquartered in Cambridge, MA, it employs about 1,320 people and has revenue of about $270 million. In May 2006 the company opened a 1200 square meter office facility in Shanghai, China, housing 70 employees, including both Sales and R&D staff.

Chief Product Officer
Cecil Shewchuk
Number of Employees 1,291
Contact Information

10 Canal Park

Cambridge, Massachusetts 02141-2201

www.aspentec.co...

(617) 949-1000

NAICS Code Custom Computer Programming Services: 541511

Recent Events

  • Aspen Technology FY09 Profit Rises - Update

    11/09/09 - Financial Announcement - View Story

  • Product Scan, October 2009

    10/13/09 - Product Announcement - View Story

  • AspenTech Opens Middle East Office in Bahrain

    10/06/09 - Mgmt. Change Entering - General Manager - View Story

  • AspenTech opens strategic office in Bahrain

    10/07/09 - Site Opening - View Story

  • Aspen Technology, Inc.: AspenTech Continues aspenONE V7 Rollout with Introduction of Manufacturing & Supply Chain...

    7/08/09 - Product Announcement - View Story

  • Aspen Technology Reports Closure of FTC Investigation

    7/08/09 - Legal Settlement - View Story

  • Aspen Technology appoints new CFO

    7/01/09 - Mgmt. Change Entering - Vice President - View Story

  • CFOs on the Move: Week Ending July 3

    7/02/09 - Mgmt. Change Entering - CFO - View Story

  • Aspen Technology Names Sullivan Chief Financial Officer

    7/01/09 - Mgmt. Change Entering - CFO - View Story

  • Aspen Technology Announces Selected Preliminary Financial Results for the Fourth Quarter and Fiscal Year 2009

    7/09/09 - Financial Announcement - View Story

News & Analysis

aspen technology inc. and sec - All News and Analysis

Decision Makers

Name (plus bio) Position
Cecil Shewchuk Chief Product Officer
Blair Wheeler Senior Vice President, Marketing
C. Steven Pringle Senior Vice President, Manufacturing & Supply Chain
David Woodruff Senior Vice President
Frederic G. Hammond General Counsel & Senior Vice President
Hedwig Veith Whitney Senior Vice President, HR
Helen Moye Senior Vice President, HR
Manolis Kotzabasakis Senior Vice President, Sales & Business Development
Michele Triponey Senior Vice President, Global Customer Support & Training
Richard Packwood Senior Vice President, Strategy
Steve Curl Senior Vice President, Europe
Steven Pringle Senior Vice President Products and Customer Support
Antonio Pietri Vice President, Operations
John Lewis Vice President, Consulting Services
Lee Riley Vice President, Global Customer Support & Trng
Willie K. Chan Vice President, Res & Development
Jeremy McCann Director of Financial Planning and Analysis
Joshua Young Director, Investor Relations & Corp Communications
Peter Watt Manager, Public Relations, Global
Chuck Johnston
Gary E. Haroian Consultant
John Bell
Joseph F. Boston Senior Corp Advisor
Michael S. Strathman Head, Go-To-Market Efforts, E&P Industry
Stephen M. Jennings Monitor

Board of Directors

Name (plus bio) Position
Christopher Pike Board of Directors
David M. McKenna Board of Directors
Donald P. Casey Board of Directors
Mark E. Fusco Board of Directors
Michael Pehl Board of Directors

Organization Position Status
Aspen Technology, Inc. Chief Product Officer Current
Canweb Internet Services Ltd. Business Consultant Current
Honeywell International Inc. Current
Ddytech Ltd Director Current
Ddytech Ltd President of the Company Former
Advanced Technology Incorporated Head of The Sacda Centre Former
Sacda Former
Cambridge University Ph.D. In Chemical Engineering Former
University of Saskatchewan Bachelor of Engineering Science Degree In Chemical Engineering Former

Organization Position Status
The Aspentech Executive Forum Senior Vice President, Marketing Current
Aspen Technology, Inc. Senior Vice President, Marketing Current
Aspentech, Ltd. Senior Vice President, Marketing Current
Relicore, Inc. Vice President, Marketing Former
Amoco Corporation Former
Cisco Systems, Inc. Former
Avid Technology, Inc. Former
The Boston Consulting Group, Inc. Former
Harvard Business School MBA degree Former
Yale College BS degree in Geology and Geophysics Former

Organization Position Status
Aspen Technology, Inc. Senior Vice President, Manufacturing & Supply Chain Current

David “Woody” Woodruff joined AspenTech in 2003 and currently serves as Senior Vice President, Regional Sales and Services, Americas. Woodruff brings more than 20 years of senior executive and management experience in high tech companies to this role, having most recently served as Vice President, North America Operations for Invensys. In this and previous roles at Invensys, he managed over $350 million in customer engagements and grew the Western Operations business by 20% per year. Prior to joining Invensys, Woodruff held several senior-level positions in sales, operations, and marketing at companies such as Honeywell, ABB, and Fisher Controls. He holds a BS degree in Industrial Engineering from Texas A&M University.

Organization Position Status
Aspen Technology, Inc. Senior Vice President Current

Organization Position Status
The Aspentech Executive Forum Senior Vice President and General Counsel Current
Aspentech, Ltd. Senior Vice President and General Counsel Current
Aspen Technology, Inc. General Counsel & Senior Vice President Current
The Aspentech Executive Forum General Counsel Current
Aspentech, Ltd. General Counsel Current
Gomez, Inc. General Counsel & Vice President, Business Affairs Former
Boston, Massachusetts Partner Former
Hinckley Allen & Snyder Partner Former
Gomez, Inc. General Counsel Former
Ropes & Gray Llp Attorney Former
Boston College J.D. Former
Boston College Law School J.D. Former
Yale College B.A. Former

Organization Position Status
Aspen Technology, Inc. Senior Vice President, HR Current
Aspentech, Ltd. Senior Vice President, Human Resources Former
The Boston Club member Former
Suffolk University Law School JD degree Former

Organization Position Status
Aspen Technology, Inc. Senior Vice President, HR Current

Manolis Kotzabasakis joined AspenTech in 1997, and is responsible for AspenTech’s worldwide sales operations and business development. Previously, he served as Senior Vice President, Corporate Strategy and Marketing, directing the company’s activities related to business planning, corporate and product marketing, alliances, and mergers and acquisitions. Kotzabasakis served as Chief Executive Officer at Linnhoff March, a process software and design firm, prior to his association with AspenTech. He was an associate professor in Chemical Engineering at the University of Manchester Institute of Science and Technology (UMIST) in the United Kingdom from 1987 to 1992. Kotzabasakis holds PhD and MSc degrees in Chemical Engineering from UMIST, and a BSc degree in Chemical Engineering from the National Technical University of Athens, Greece.

Organization Position Status
Aspen Technology, Inc. Senior Vice President, Sales & Business Development Current
Aspentech, Ltd. Senior Vice President, Sales and Strategy Current
University of Manchester Institute of Science and Technology associate professor in Chemical Engineering Former
University of Manchester PH.D. In Chemical Engineering Former
National Technical University of Athens PhD Former
National Technical University of Athens BSc degree in Chemical Engineering Former

Organization Position Status
The Aspentech Executive Forum Senior Vice President, Global Customer Support Current
Aspentech, Ltd. Senior Vice President, Global Customer Support and Training Current
Aspen Technology, Inc. Senior Vice President, Global Customer Support & Training Current
Ajilon Consulting Vice President for Information Technology Services Former
Ajilon LLC Former
Bloomsburg University of Pennsylvania Mba Former
Clarion University Former

Organization Position Status
The Aspentech Executive Forum Senior Vice President, Business Development Current
Aspentech, Ltd. Senior Vice President, Corporate Strategy Current
Aspen Technology, Inc. Senior Vice President, Strategy Current
Provision Technologies, Inc. Vice President Former
The Parthenon Group Inc. management consultant Former
Ajilon Former
Massachusetts, Inc. MBA Former
Massachusetts Institute of Technology MBA Former
Durham University Former

Organization Position Status
Aspen Technology, Inc. Senior Vice President, Europe Current

Steve Pringle joined AspenTech in 1996 and serves as Senior Vice President, Global Consulting Services. He was most recently Senior Vice President, Products, after serving in previous roles at AspenTech as Vice President, Manufacturing/Supply Chain; Senior Vice President, Enterprise Solutions Software Development; and Vice President, Consulting Services. During his earlier career, Pringle acquired extensive experience in the process industry software business, initially with Duke Energy (formerly Texas Eastern Corp.), and subsequently with Bethany International, and Scientific Software-Intercomp (SSI). In 1990, he founded and led as President Kinesix Corp., a division of SSI, until he joined AspenTech. Pringle holds both MSc and BS degrees from Louisiana Tech.

Organization Position Status
Global Consulting Services, Inc. Senior Vice President Current
Aspen Technology, Inc. Senior Vice President Products and Customer Support Current
Aspentech, Ltd. Vice President, Manufacturing Current
Kinesix Corporation President Former
Duke Energy Corporation Former
Louisiana Tech University Msc and Bs Degrees Former

Organization Position Status
The Aspentech Executive Forum Executive Vice President, Field Operations Current
Aspentech, Ltd. Executive Vice President, Field Operations Current
Aspen Technology, Inc. Vice President, Operations Current
Aspentech, Ltd. Senior Vice President Former
Aspentech, Ltd. Managing Director, Regional Operations, Asia Pacific Former
Aspentech, Ltd. Program Director Former
Aspentech, Ltd. Sales Manager Former
Aspentech, Ltd. Applications Engineer Former
Com Marketing, Inc. Former
Setpoint Systems Inc Former
The University of Houston Mba Degree Former
The University of Tulsa Bs Degree In Chemical Engineering Former

Organization Position Status
Aspen Technology, Inc. Vice President, Consulting Services Current

Organization Position Status
Aspen Technology, Inc. Vice President, Global Customer Support & Trng Current

Organization Position Status
Aspentech, Ltd. Senior Vice President, Research & Development Current
Aspen Technology, Inc. Vice President, Res & Development Current
Aspentech, Ltd. Vice President, Research & Development Former
Massachusetts, Inc. Master of Science Former
Massachusetts Institute of Technology Master of Science Former
Massachusetts, Inc. Bachelor of Science Degrees In Chemical Engineering Former
Aspentech, Ltd. member Former

Jeremy is a Director of Financial planning and analysis at Aspen Technology, a global software provider. Jeremy has ten years of Operational and financial analysis and financial management experience in the financial, consulting and software industries, including financial process design and operational control positions in the US and abroad. Jeremy earned his MBA with a finance concentration in 2005 at Boston College Carroll School of Management, and a BA in Economics from Colgate University in 1997.

Organization Position Status
Aspen Technology, Inc. Director of Financial Planning and Analysis Current
Ma-1 Medical Response Team, Inc. Board of Directors Current
Colgate University MBA Former
Colgate University BA In Economics Former

Organization Position Status
Aspen Technology, Inc. Director, Investor Relations & Corp Communications Current
Aspen Technology, Inc. Director, Investor Relations & Corp Communications Former

Organization Position Status
Aspen Technology, Inc. Manager, Public Relations, Global Current

Chuck Johnston is a Senior Consultant at Control Consulting, Inc., bringing over 25 years of experience in the process control industry. Chuck has held positions at Shell Oil, Dynamic Matrix Control Corporation (DMCC), Aspen Technology Incorporated, and Cutler Johnston Corporation. Chuck has extensive experience in product development of advanced multivariable control and identification technology, having been the product manager for the [DMC] software product at DMCC for twelve years. The [DMC] Software is currently marketed by Aspen Technology under the name DMCplus. Chuck also has extensive experience in applying multivariable control technology, having lead projects on delayed cokers, hydrocrackers, hydrogen plants, olefins plants, crude units, FCCUs, NGL plants, BTX plants, and polyethylene units. Chuck has participated in all aspects of the process control business, including product development, APC applications, benefits studies, APC training, sales support and services group management.

Organization Position Status
Control Consulting Corporation Senior Consultant Current
Aspen Technology, Inc. Current
Shell Oil Company Former

Gary Haroian has served on the Network Engines board of directors since June 2003. He also works as a consultant and advisor to technology companies. Most recently, Gary served as chief financial officer, chief operating officer and interim chief executive officer at Bowstreet Software. Previously, he served as senior vice president of finance and administration and chief financial officer at Concord Communications Inc. and held executive positions at Stratus Technologies Inc. Gary also serves as director for Aspen Technology, Inc. and Silverback Technologies, Inc.

Organization Position Status
NEI Private Investor and Industry Consultant Current
Aspen Technology, Inc. Consultant Current
Authorize.Net Corporation Chairman of the Audit Committee, Member of the Compensation Committee Current
Aspentech, Ltd. Chair Current
The Aspentech Executive Forum Chair Current
Aspen Technology, Inc. Board of Directors Current
Embarcadero Technologies, Inc. Board of Directors Current
Recherche Clinique Director Current
NEI Director Current
A123SYSTEMS Board of Directors Current
Unica Corporation Director Current
Silverback Technologies, Inc. Outside Board Member Current
Lightbridge, Inc. Board of Directors Current
Bio-IT World, Inc. Director Current
Phase Forward Incorporated Board of Directors Current
Cambridge Bio Collabrative Inc. Director Current
Whitman Consulting Group, Inc. Director Current
Aspentech, Ltd. Board of Directors Current
Clarix Ivrs and Edc Director Current
Chen Pr, Inc. Director Current
Stratus Computer, Inc. CEO Former
Bowstreet, Inc. CEO Former
Stratus Computer, Inc. President Former
Concord Communications, Inc. Chief Financial Officer Former
Stratus Computer, Inc. Cfo Former
Concord Communications, Inc. Senior Vice President of Finance and Administration Former
NEI Audit Committee Chairman Former
Stratus Technologies, Inc. Director Former
Aspen Technology, Inc. member Former

John Bell joined AspenTech in 2005 as Senior Vice President, Sales, for the Europe/Middle East/Africa region. Prior to joining AspenTech, Bell served as EMEA Regional Director for MatrixOne Inc., a recognized leader in developing and marketing collaborative product lifecycle management solutions, where he drove a strong sales-oriented culture that saw a 300% business growth in fiscal 2003/2004. Bell previously was Vice President, EMEA, for SAP Portals UK Ltd., where he created a new business sales and support team that captured first place in the UK portal market. He has also held several senior-level management positions, including Vice President, Europe at Infinium Software, where he quadrupled license sales; and Middle East Regional Director for Oracle Dubai UAE, where he was awarded the top growth award within his division. Bell holds a degree in Economics from Brookes University, Oxford.

Organization Position Status
Aspentech, Ltd. Senior Vice President, Sales Current
Aspen Technology, Inc. Current
Infinium Software Vice President Former
Matrixone, Inc Regional Director Former
Enovia MatrixOne, Inc. Director Former

Organization Position Status
Aspen Technology, Inc. Senior Corp Advisor Current

Organization Position Status
Aspen Technology, Inc. Head, Go-To-Market Efforts, E&P Industry Current
Energistics Board of Directors Current
Kellogg School of Management at Northwestern University Master's Degree, Finance Former
Miami University B.S., Systems Analysis Former

Stephen M. Jennings is a partner and director of the Monitor Group where he has managed domestic and international projects and relationships in a wide variety of industries, ranging from pharmaceuticals and financial services to consumer goods manufacturing and primary metals. He has also done considerable work in the area of corporate strategy and the enhancement of shareholder value. Steve is a member of Monitor's Office of the Chairman and of the Consulting Group's Global Operating Executive with specific responsibilities for North American operations. Steve is an investor in New Profit, Inc. and has been actively involved in New Profit activities over the years. In addition to advising the Institute on its next phase, Steve is partnering closely with the Institute on the development and application of approaches to address the role that corporations play in creating social benefit.

Organization Position Status
Monitor Institute Partner and Director Current
Aspen Technology, Inc. Monitor Current
Aspen Technology, Inc. Chairman of The Board Current
The Aspentech Executive Forum Chairman Current
Aspentech, Ltd. Chairman Current
Monitor Institute Board of Directors Current
Aspen Technology, Inc. Board of Directors Current
Monitor Group Director Current
Ltx-Credence Corporation Board of Directors Current
LTX Corporation Board of Directors Current
Aspentech, Ltd. Board of Directors Current
Ltx-Credence Corporation Elected A Director Former
The Monitor Director Former
New Profit, Inc. Investor Former
University of Oxford M.A. Oxon Former
Dartmouth College Undergraduate, Economics Former
LTX Corporation member Former
Monitor Group member Former

Organization Position Status
Advent International Corporation Partner Current
Aspentech, Ltd. Current
Aspen Technology, Inc. Board of Directors Current
BondDesk Group LLC Board of Directors Current
Coopers & Lybrand, L.L.P. Former
Long Term Care Group Inc. Former
PricewaterhouseCoopers Former
Contact East Inc. Former
RedPrairie Inc. Former
Island Ecn Former
Americus Dental Labs, Inc. Former
GFI Group Inc. Board of Directors Former
Amherst College BA in economics and Spanish Former

David McKenna is a partner at Advent International, a global private equity firm. His work at Advent includes retail and distribution sector transactions and for two years McKenna headed the Hong Kong office, where he focused on buyouts in Greater China and Southeast Asia. In addition, McKenna has co-led or participated in a number of Advent investments, including Boart Longyear, Keystone Automotive Operations Inc., Li & Fung (Distribution) Ltd., Inframetrics Inc., Tweeter Home Entertainment Group Inc., Moulin International Holdings Ltd. and Creative Multimedia Corp. David McKenna's private equity experience also includes three years as a senior dealmaker with Bain Capital, working on large buyouts in the industrial, retail and consumer sectors. McKenna began his career as a consultant with The Monitor Group, a leading strategy consulting firm. He graduated cum laude with an AB from Dartmouth College.

Organization Position Status
Aspen Technology, Inc. Board of Directors Current

Organization Position Status
The Aspentech Executive Forum Chair Current
Aspentech, Ltd. Chair Current
Aspentech, Ltd. Board of Directors Current
Aspen Technology, Inc. Board of Directors Current
Ounce Labs, Inc. Board of Directors Current
Peerapp Inc Board of Directors Current
Mazu Networks, Inc. CEO Former
Wang Global President Former
Exodus Communications President Former
Exodus Communications Chief Operating Officer Former
Wang Global Chief Technology Officer Former
International Business Machines Corporation Vice President of Communication Hardware and Software Former
Apple Inc. Vice President of Networking and Multimedia Former
Lotus Development Corporation Vice President Former
Wang Laboratories Former
Mazu Networks, Inc. Chairman Former
St. Francis College BS Degree Former

Organization Position Status
Aspentech, Ltd. Chief Executive Officer Current
Aspentech, Ltd. President, Chief Executive, Officer, and Director Current
Aspen Technology, Inc. Board of Directors Current
Aspentech, Ltd. Board of Directors Current
Harvard Business School Member Current
Harvard College Member Current
Aspen Technology, Inc. President & CEO Former
Software Quality Partners President Former
Ajilon Consulting President Former
Analysis, Inc. President Former
Computer Systems Company, Inc. President Former
Ajilon Consulting Chief Operating Officer Former
Ajilon Consulting Executive Vice President Former
Software Quality Partners Co-Founder Former
Harvard College B.A. In Economics Former
Aspentech, Ltd. member Former

Organization Position Status
Procuri, Inc. Partner, Advent International Current
Openservice, Inc. Partner, Advent International Current
Ultimus Emea Partners Partner, Advent International Current
Advent International Corporation Partner, Boston Current
Advent Inc. Current
First Hop Ltd Board of Directors Current
Aspentech, Ltd. Board of Directors Current
Procuri, Inc. Board of Directors Current
The Aspentech Executive Forum Board of Directors Current
Airwide Solutions, Inc Board of Directors Current
MTI Technology Corporation Board of Directors Current
Openservice, Inc. Board Member Current
Ultimus Emea Partners Board of Directors Current
Demantra, Inc. Board Member Current
Ultimus, Inc. Board of Directors Current
RedPrairie Inc. Board Member Current
Aspen Technology, Inc. Board of Directors Current
Razorfish President Former
Razorfish Coo Former
SAP Americas Team Member Former
Ernst & Young Former
Deloitte & Touche Consulting Group Former
Razorfish Board Member Former
Documentum, Inc. Board Member Former
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     AZPN $9.95 +0.13 (1.32% )
Average Volume 144,000
Shares Outstanding 88.09M
Market Cap 876.5M
Year High 10.75
Year Low 5.1
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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