Aspen Mtell^® Prescriptive Maintenance Software Now Available, Delivering Accurate Advance Warning of Asset Failures to Customers

BEDFORD, Mass.

Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, today announced that it has joined the SAP^® PartnerEdge^® program as a partner that designs, develops and builds software using the SAP HANA^® platform. Through its participation in the program, it is now announcing the availability of the Aspen Mtell prescriptive maintenance software, which runs on SAP HANA. The solution provides customers with a rapidly deployed, low-touch machine learning solution that accurately predicts impending equipment failures. The Aspen Mtell solution is now listed on SAP App Center, the digital marketplace for SAP partner offerings.

“Aspen Mtell on SAP HANA is a software solution that leverages digitalization while meeting the requirements of the real-time enterprise at scale, supporting better business and operational decisions,” commented John Hague, senior vice president and general manager of AspenTech APM. “Aspen Mtell is part of the aspenONE^® Asset Performance Management (APM) software suite offering the critical combination of real-time data, advanced analytics enabled by machine learning and rich process knowledge.”

Without dependence on first-principle models and armies of consultant engineers and data scientists, Aspen Mtell software on the SAP HANA platform is quickly deployed and can produce results in as little as two weeks. The solution predicts future asset failures with fewer false alarms, and with enough lead time to optimize operations and maintenance decisions and avoid unplanned asset downtime. It provides predictive and prescriptive analytics to avoid or resolve problems quickly, consistently and safely.

As an SAP partner in SAP PartnerEdge, AspenTech is empowered to build, market and sell software applications on top of market-leading technology platforms from SAP. The end-to-end program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to relevant SAP software in one simplified framework under a single, global contract, including the ability to bundle licenses of SAP Cloud Platform with partner applications.

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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