Aspen Technology, Inc. (NASDAQ: AZPN), a Bedford, Mass.-based asset optimization software company, is to acquire two companies.
These include:
– Mnubo Inc., a Montreal-based provider of purpose-built artificial intelligence (AI) and analytics infrastructure for the internet of things (IoT), and
– Sabisu Ltd., a UK-based company that provides a flexible enterprise visualization and workflow solution to deliver real-time decision support.
These acquisitions will enable AspenTech to accelerate the distribution of embedded AI in both its existing and future solutions. By combining first principle engineering models and deep process expertise with AI capabilities, these solutions will enable the automation of knowledge and data-driven decision-making for continuous improvement across the design, operation and maintenance lifecycle of industrial assets.
The purchase price of the Mnubo transaction is agreed at CAD102m.
Financial details for the Sabisu acquisition, which includes Argent & Waugh Ltd., are not disclosed.
FinSMEs
17/07/2019