ICARUS Ends Solo Flight With Aspen
Steve McVey - September 14, 2000

Event Summary

Aspen Technology, Inc. has completed a transaction to acquire ICARUS Corporation, a maker of knowledge-based systems (KBS) to support decision-making in a broad range of process industries including chemical, petrochemical, specialty chemical, refining, pulp and paper, pharmaceutical, food, mining and power industries. ICARUS applications overlap many areas of AspenÆs Plantelligence suite, especially process modeling, simulation, and design analysis. However, ICARUS also offers applications for plant capital cost estimation and project economics, which constitute a big win for Aspen. Aspen will integrate the ICARUS financial decision-making tools with its manufacturing modeling, asset optimization and supply chain offerings...