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In May 2022, Aspen Technology was merged with the industrial software businesses of Emerson Electric, OSI Inc. and Geological Simulation Software, to form a new corporate entity, still called Aspen Technology. Emerson paid US$6 billion and received a controlling interest (55%) of the common stock of the new entity.
(Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion, boosting its industrial automation business that caters to ...
The combined industrial software company will comprise Emerson's grid modernization technology and geological simulation software, and AspenTech's software offerings to mining, manufacturing, and ...
Automatic Systems International, Inc. (ASI), or Open Systems International (OSI) is an automation software company headquartered in Medina, Minnesota, with international offices in Canada, Colombia, Spain, India, Dubai, Australia, Singapore, and China. Founded in 1992, OSI is privately held and employee-owned. [1]
HYSYS was first conceived and created by the Canadian company Hyprotech, founded by researchers from the University of Calgary. [5] [6] The HYSYS Version 1.1 Reference Volume was published in 1996. [7] In May 2002, AspenTech acquired Hyprotech, including HYSYS. [8]
Aspen Technology and Atlassian are part of Zacks Bull and Bear of the Day article.
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