Aspen Technology Evolves Into Digital Marketplace Provider
Steve McVey - November 27, 2000

Vendor Summary

Founded in 1981, Aspen has evolved over the years into a vendor of a broad array of applications for supply chain management, process design and control, and e-business. Aspen Technology takes its name from ASPEN (Advanced System for Process Engineering), a synthetic fuels research project begun by the Department of Energy in the mid 1970s. CEO Lawrence Evans, then a chemical engineering professor at MIT, was made the principal investigator for the project and later enlisted chemical engineers Joseph Boston and Herbert Britt. In 1981, the trio formed Aspen Technology to develop and market computer-aided chemical engineering software to process manufacturers...