AspenTech Acquires Pipeline Scheduling and Dock Scheduling Software

  AspenTech Acquires Pipeline Scheduling and Dock Scheduling Software

Will Add Pipeline & Dock Scheduling Technology to aspenONE^® Petroleum Supply
                                Chain Software

Business Wire

BURLINGTON, Mass. -- February 28, 2013

Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and
services to the process industries, announced it has acquired Pipeline
Scheduling System (“PSS”) and Dock Scheduling System (“DSS”) software from
Refining Advantage, Inc.

PSS is a pipeline scheduling tool that enables pipeline companies, refineries
and terminals with pipelines to optimize their pipeline schedules and improve
profitability and safety. DSS is used by refineries and terminals to schedule
their docks, enabling them to save on demurrage costs that are incurred due to
delays in on-loading or off-loading cargo.

AspenTech’s existing Petroleum Supply Chain products include Aspen PIMS^™, the
world’s leading petroleum and petrochemical planning system and Aspen
Petroleum Scheduler, which enables fast, accurate and collaborative creation
of refinery schedules. Adding PSS & DSS, which are already used by some
leading refineries, will enable AspenTech customers to further optimize their
petroleum supply chains.

Terms of the transaction were not disclosed.

Supporting Quotes

Mark Fusco, President & CEO, AspenTech
“aspenONE Petroleum Supply Chain software maximizes profitability and drives
improvements across the entire petroleum supply chain. PSS and DSS will
provide additional capabilities to enable our customers to manage and schedule
entire facilities, including docks and pipelines. This will result in more
effective optimization of the petroleum supply chain.”

Supporting Resources

  *aspenONE Petroleum Supply Chain products

About AspenTech

AspenTech is a leading supplier of software that optimizes process
manufacturing – for energy, chemicals, pharmaceuticals, engineering and
construction, and other industries that manufacture and produce products from
a chemical process. With integrated aspenONE solutions, process manufacturers
can implement best practices for optimizing 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. To see how the world’s leading process manufacturers rely on
AspenTech to achieve their operational excellence goals, visit
www.aspentech.com.

NOTE: Aspen Technology may provide information regarding possible future
product developments including new products, product features, product
interfaces, integration, design, architecture, etc. that may be perceived to
represent “product roadmaps.” Any such information is for discussion purposes
only and does not constitute a commitment by Aspen Technology to do or deliver
anything in these product roadmaps or otherwise. Any such commitment must be
explicitly set forth in a written contract between the customer and Aspen
Technology, executed by an authorized officer of each company.

© 2013 Aspen Technology, Inc. AspenTech, aspenONE, and Aspen PIMS are
trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks
are property of their respective owners.

Contact:

Aspen Technology, Inc.
David Grip, +1 781-221-5273
david.grip@aspentech.com
or
North America
Lois Paul & Partners (for AspenTech)
Caroline Pennartz, +1 617-986-5750
aspentech@lpp.com
 
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