AspenTech Acquires Rights to Operator Training Simulator (OTS) Framework Software from Inprocess Technology and Consulting Gr...
April 24 2017 - 8:30AM
Business Wire
Will Enable AspenTech to Offer a Complete Set
of OTS Software to Train Plant Operators in Best Practices for
Improving Safety and Operational Performance
Aspen Technology, Inc. (NASDAQ:AZPN), the asset optimization
software company, announced it has acquired rights to Operator
Training Simulator (OTS) framework software from Inprocess
Technology and Consulting Group of Barcelona, Spain. Inprocess,
developer of the OTS software, is a consulting service company
supplying technological services to owner-operators in the oil
& gas, refining and chemical process industries.
Today’s announcement extends AspenTech’s focus on asset
optimization by enhancing its ability to meet the increased demand
for Operator Training technology. AspenTech will now be able to
offer a complete set of OTS software – adding technology that
provides the end-user environment for plant operators and training
instructors and helps to connect to the various process control
systems that may be used in the real plant. This will complement
and leverage our Aspen HYSYS® and Aspen Plus® solutions, which have
long been used as virtual plant simulators at the core of OTS
system deployments across the world.
Production and safety are paramount to owner-operators. Errors
made by plant operators represent one of the leading causes of
production losses and safety incidents. Therefore, many
owner-operators mandate that operators be trained using Operator
Training systems. This has been shown to lower operational risk and
accelerate learning within a hands-on, safe and controlled
environment. For example, oil & gas, refining, and chemical
companies use OTS systems to help establish expertise and best
practices among operators, reduce start-up time, and verify control
and safety systems. Increasingly, Engineering Procurement &
Construction (EPC) companies are also required to provide OTS
systems for new plant construction projects as a part of the final
deliverable.
Terms of the transaction were not disclosed.
Supporting Quote
Antonio Pietri, President & CEO, AspenTech
“As the de facto standards for process simulation, Aspen HYSYS
and Aspen Plus already deliver tremendous value to owner-operators
who increasingly are mandating OTS training to support safety and
production goals. Adding Inprocess Technology and Consulting
Group’s leading OTS framework can drive significant new value for
our customers. It represents another important piece in a holistic
approach to asset optimization, helping to improve operational
reliability and performance throughout the asset lifecycle.”
Supporting Resources
- aspenONE solutions
- AspenTech YouTube channel
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 www.aspentech.com to find
out more.
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.
© 2017 Aspen Technology, Inc. AspenTech, aspenONE and the Aspen
leaf logo are trademarks of Aspen Technology, Inc. All rights
reserved. All other trademarks are property of their respective
owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170424005383/en/
AspenTechDavid Grip,
781-221-5273david.grip@aspentech.comorICRBrian Denyeau,
646-277-1251brian.denyeau@icrinc.com
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