BNET Industries
Aspen Technology Inc. (AZPN) is in the Technology Industry
- Revenue
- Jun 30 2007
- $341.0M
- Profit
- Jun 30 2007
- $45.5M
- Market Cap
- Jul 17 2008
- $1.1B
Latest News and Analysis
Aspen Technology F4Q07 (Quarter End 06/30/2007) Earnings Call Transcript
Aspen Technology F4Q07 (Quarter End 06/30/2007) Earnings Call Transcript
AspenTech F2Q08 Preliminary Earnings Results Call Transcript
AspenTech F2Q08 Preliminary Earnings Results Call Transcript
Managing Future Fuels Complexity
With targets suggested by the European Commission calling for as much as 20% of gasoline and diesel sales to be replaced by other fuels in 2020, it is clear that the average forecourt will see considerable change over the next couple of decades. A shift in consumption of this magnitude...
AspenTech's Polymer Business Goes from Strength to Strength
This article is about significant growth in polymer production control business after a period of sustained investment in this emerging market. The aspenONE for Advanced Process Control module is tailored to the special needs of the polymers industry through the application of the Aspen Apollo non-linear controller. These models provide...
What You Believe Really Can Hurt You: How Self-Delusion Torpedoes Strategic Thinking
The legal profession is beset by misconceptions and self-delusions. These pertain to the strategies and the moves adopted by the law firms. Such misconceptions are hampering the progress of the modern-day law firm and preventing it from achieving the status of a ‘great’ organization. A plethora of myths exists among...
Developing Countries and General Agreement on Tariffs and Trade/World Trade Organization Dispute Settlement
It has long been observed that developing countries made scant use of dispute settlement under the General Agreement on Tariffs and Trade GATT. The underlying presumption, of course, is that developing countries were especially ill-served by GATT's diplomacy, and are better poised to benefit from the WTO's more legalistic architecture....
But It's a Joke! Balancing the Interests of Parodists Against Copyright and Trademark Owners Without Clear Guidelines
The essence of a parody is that it imitates the characteristic style of an author or a work for comic effect or ridicule. Its effectiveness depends on its ability to make the object of its criticism recognizable to the audience. A parody is generally considered a fair use, provided it...
Corporate Compliance: The Whistleblower Provisions Of The Sarbanes-Oxley Act Of 2002
The Sarbanes-Oxley Act requires the public companies to follow a code of business ethics and keep a check on the fraudulent workings of the organizations. The provisions are laid down in the enforcement scheme of the Act that includes administrative, civil, and criminal enforcement mechanisms and provide both corporate and...
Power Generation Industry Integrated Solution
Overall optimization of a power generation company requires that the various business processes associated with the purchase of fuels, management of contracts and the planning and operation of the physical assets be addressed within an integrated business focused solution. AspenTech, in recognizing the business and functional requirements associated with the...
Understanding Process and Design Interactions
Ethylene plants are now considered to be a mature technology. However, energy reduction and capacity revamp studies can show opportunities for significant cost effective energy and capacity improvements. The integrated design of the process and its utility systems results in significant interactions. Often small design or operating changes can result...
Corrective Earnings Adjustment For Defined Contribution Plans: An Alternative Approach For Determining The Appropriate Interest Rate
From the executive summary: ‘The provisions contained in the Internal Revenue Service IRS provide participants with the opportunity to self-direct the investments in the accounts among multiple funds. In case the provisions are not helpful, plan sponsors should keep in mind that Revenue Procedure 2001-17 provides fair amount of flexibility...
Restoration Payments: Two New Private Letter Rulings Provide Guidance, But Continue To Leave Important Questions Unanswered
The Internal Revenue Service IRS addresses issue of restoration payments made for restoring the losses incurred by the fiduciary breaches. Restoration payments, which restore losses caused by fiduciary breaches, are a form of voluntary correction for the retirement plans. In order to boost up the system of restoration payments, the...
Does ERISA Require An Investment Policy Statement?
From the executive summary: ‘Experts indicate that the legal responsibility for the investments in 401k plan rests with the corporate officers who oversee the management of the plan’s assets even if the duties are delegated to investment managers. The paper addresses the question of whether the Employment Retirement Income Security...
Who Are The Investment Fiduciaries For A 401(k) Plan – Part IV
From the executive summary: ‘In today’s 401k world, it is quite difficult to distinguish between fiduciaries and non-fiduciaries. Investment packages for 401k plans have become increasingly more sophisticated and complex. In response, plan sponsors are asking the investment professionals for more assistance in selecting the best investment packages and in...
Antitrust Guidelines Impact CPA Firm Alliances
The paper discusses the antitrust guidelines released by the Federal Trade Commission and the US Department of Justice for collaborations among competitors. The guidelines apply to virtually every form of collaboration, including joint ventures, strategic alliances, and licensing arrangements. They also anticipate cooperation in virtually all business activities, including information...
Who Are The Investment Fiduciaries For A 401(k) Plan? (Part 1)
A fiduciary function is one when an organization controls the investment choices given to the participants under the 401k plan. The officers and the directors that exercise control are known as investment fiduciaries under the Employee Retirement Income Security Act ERISA. The main responsibility of a fiduciary is to plan...
Why Use The Voluntary Fiduciary Correction Program?
From the executive summary: ‘Voluntary Fiduciary Correction VFC Program permits plan sponsors, fiduciaries, parties-in-interest, and others involved with the plan to voluntarily correct specific violations of the Employee Retirement Income Security Act ERISA. The VFC will be used to effectively correct fiduciary breaches or other violations of ERISA and, at...
Additional Resources
AspenTech 2008 User Conferences in Houston and Berlin Highlight Best Practices in Operational Excellence from Global Process Manufacturers Using aspenONE
Evonik Degussa, BP, Fluor and Eli Lilly Among the Presenters of 100 Customer Case Studies Across Engineering, Manufacturing and Supply Chain Management BURLINGTON, Mass. -- The world's leading process manufacturers in energy, chemicals, engineering & construction, pharmaceuticals and other industries shared their process optimization success stories using aspenONE[TM]...
AspenTech Simplifies Enterprise Rollout and Management of aspenONE Using Latest Microsoft Technologies
Integration with Windows Vista, Microsoft Excel, and Microsoft Application Virtualization Supports IT Standards, Speeds Time to Deployment and Extends Reach of aspenONE Within Operations BURLINGTON, Mass. -- Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software and services to the process industries, today announced that...
Aspen Technology Announces Financial Results for the Fourth Quarter and Full Fiscal Year 2007 and First Quarter Fiscal 2008; Announces Selected Preliminary Financial Results for Third Quarter Fiscal 2008
* Files Fiscal 2007 10-K and First Quarter Fiscal 2008 10-Q with SEC * Completes Previously Announced Restatement of Prior Period Results * Announces license bookings of $63 million for the quarter ending March 31, 2008, an increase of 31% on a year-over-year basis ...
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- Finance (9 results)
- Human Resources (5 results)
- Regulations (5 results)
- Government (5 results)
- ERISA (4 results)
- Benefits (4 results)
- 401(k) (3 results)
- Fiduciary (3 results)
- 401(k) Plan (3 results)
- Retirement Plans (3 results)
- Investment (3 results)
- Earnings (3 results)
- Financial Accounting (3 results)
- Incorporated: 1981
- CEO: Mr. Mark E. Fusco
- Employees: 1,291
Aspen Technology is a supplier of software and services to the process industries, such as oil and gas, petroleum, chemicals, pharmaceuticals and other industries that manufacture and produce products from a chemical process. Co. provides software applications that utilize proprietary empirical models of chemical manufacturing processes to improve plant and process design, economic evaluation, production, production planning and scheduling, and operational performance. Co.'s applications are focused on three primary business areas: engineering, plant operations, and supply chain management, and are delivered both as stand-alone applications and as part of the aspenONE product suite.
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Aspen Technology Inc. Company Info
Board of Directors
Mr. Stephen M. Jennings
Chairman
Ms. Joan C. McArdle
Mr. Donald P. Casey
Mr. Gary E. Haroian
Mr. Michael Pehl
Mr. Mark E. Fusco
Mr. David M. McKenna
Contact Information
200 Wheeler Road
Burlington, MA
781 221-6400
NAICS Code
Custom Computer Programming Services: 541511Brought to you by IBMSponsored Resources
