Emerson and AspenTech Form Alliance to Deliver Digital Technologies
February 12 2018 - 9:00AM
Business Wire
Alliance brings two leading companies together
to help customers tackle complex problems, optimize operations, and
achieve Top Quartile performance
Emerson (NYSE: EMR) and AspenTech (NASDAQ: AZPN) announced today
they have teamed up to deliver asset optimization software
solutions along with global automation technologies and operational
consulting services. Together, the two industry leaders will help
customers optimize production and drive operational excellence.
AspenTech’s broad suite of asset optimization software creates
value across all phases of the asset lifecycle – design, operate
and maintain – in capital intensive and complex projects and
operations, supporting Emerson’s Project Certainty and Operational
Certainty initiatives. Emerson’s global footprint, automation
engineering services and software, extensive large-scale project
execution and consulting capabilities complement AspenTech’s
technology footprint. Collectively, these capabilities can be
deployed as solutions in both conventional and cloud-based
architectures.
“Emerson and AspenTech are both highly focused on digital
technologies and services that deliver measurable improvements and
value to our customers’ bottom line,” says David N. Farr, chairman
and CEO of Emerson. “Together, we are well positioned to help our
customers navigate the best path in this era of digital
transformation and achieve Top Quartile performance.” Top Quartile
is defined as achieving operations and capital performance in the
top 25 percent of peer companies.
The alliance will initially focus on three key areas:
engineering software, including high-fidelity simulation to help
validate project design and train operators before start-up;
manufacturing and supply chain software, including advanced process
control software designed for highly complex operations; and asset
performance management software to improve plant reliability.
“Working with Emerson, we will help more organizations drive
higher total shareholder returns with a relentless focus on
operational excellence,” says Antonio Pietri, president and CEO of
AspenTech. “We look forward to helping make the best companies even
better by optimizing the design, operation and maintenance
lifecycle with software and insight to run assets faster, safer,
longer and greener.”
Together, the two companies will provide holistic optimization
strategies that rely on real-time data, advanced analytics enabled
by machine learning, and rich process knowledge to bring measurable
business improvements in production, as well as in the areas of
reliability, safety and energy management.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA),
is a global technology and engineering company providing innovative
solutions for customers in industrial, commercial, and residential
markets. Our Emerson Automation Solutions business helps process,
hybrid, and discrete manufacturers maximize production, protect
personnel and the environment while optimizing their energy and
operating costs. Our Emerson Commercial and Residential Solutions
business helps ensure human comfort and health, protect food
quality and safety, advance energy efficiency, and create
sustainable infrastructure. For more information visit
Emerson.com.
About AspenTech
AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. AspenTech uniquely combines
decades of process modeling expertise with big data machine
learning. Our purpose-built software platform automates knowledge
work and builds sustainable competitive advantage by delivering
high returns over the entire asset lifecycle. As a result,
companies in capital-intensive industries can maximize uptime and
push the limits of performance, running their assets faster, safer,
longer and greener. Visit AspenTech.com to find out more.
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version on businesswire.com: http://www.businesswire.com/news/home/20180212005291/en/
For Emerson:Denise Clarke,
512-899-0004Denise.clarke@fleishman.comorFor AspenTech:Amanda
McCarthy, 781-221-6806Amanda.McCarthy@AspenTech.com
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