Aspen Technology settles with FTC

Divestment concludes monopoly investigation initiated by Hyprotech acquisition.

Last month saw the end of Aspen Technology’s protracted tussle with the US Federal Trade Commission (FTC) over its acquisition of Hyprotech (Oil ITJ passim).


AspenTech interim CEO Charles Kane said, ‘This is a win-win solution for all parties. The FTC resolves its complaint; AspenTech is able to continue marketing, selling and developing all of its existing and planned engineering software products, with the exception of those used exclusively in the operator training business. Customers will receive the high level of products, services, support and innovation they have come to expect from AspenTech.

350 developers

By putting the FTC complaint behind us and with more than 350 software developers worldwide committed to driving new innovation, customers can invest confidently in AspenTech’s solutions for the enterprise operations management market.

See also the Folks, Facts and Orgs section of this issue of Oil IT Journal for more on AspenTech.

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