Degussa and AspenTech Sign Global Engineering Software Agreement

12-Sep-2002

Cambridge, MA, eptember 10, 2002 - Aspen Technology, Inc., today announced it has signed a multi-million dollar software license agreement with Degussa AG, Dusseldorf, Germany, the leading global specialty chemical manufacturer. The five-year agreement demonstrates Degussa's commitment to fully implement Aspen Engineering SuiteTM (AES) technology as a standard for collaborative engineering and design. The optimized workflow capabilities of AES give open access not only to advanced users, but also to non-experts, such as financial and operational decision-makers, leveraging best practice knowledge and boosting performance efficiency and productivity on an enterprise level.

"AspenTech is enabling Degussa to leverage its long-term investment in process knowledge capture by facilitating an achievable corporate standard for modeling and optimization," stated Ralf Janowsky, Director Computer Aided Process Engineering. "This accumulative expert knowledge will be fully utilized throughout the organization, driving the bottom-line value of Degussa's process asset to the business boundary."

Added Dorothea Schwarz, Chairman of Degussa Aspen Expert Committee: "We have a need to deliver the full functionality of the AES suite directly to the desktop of our engineers within a highly distributed organization. This initiative will build upon the collaborative engineering backbone already established by the successful deployment of AspenTech's technology over the years."

For more than a decade, Degussa has stored a substantial amount of internal process knowledge within its Aspen Plus® simulation models, an integral part of AES technology. Degussa's latest initiative builds upon the successful regional deployment of the Aspen WebModelsÒ technology, by which the company has already achieved global access to critical simulation models.

"This agreement reflects a significant commitment by both AspenTech and Degussa to mandate work process innovation for competitive advantage on an enterprise-wide scale," said David McQuillin, co-Chief Operating Officer of AspenTech. "The alignment of our mutual objectives strengthens the existing framework for a long-term relationship built on measurable results and sustainable achievement."

https://www.chemeurope.com/en/news/13965/degussa-and-aspentech-sign-global-engineering-software-agreement.html