Volume 48 July 2019

7 ROE REPORTER | DKAM Aspen Technology (AZPN) – Aspen was created out of a project between Massachusetts Institute of Technology (MIT) and the US Department of Energy (ASPEN = Advanced System for Process Engineering). This project has evolved to Aspen becoming the world’s leading supplier of asset optimization software solutions for a variety of industries. They combine data management with analytics solutions to provide predictive and actionable insights. They have bolstered their machine learning and artificial intelligence capabilities with recent acquisitions. Just last week, Aspen acquired Mnubo, a Montreal-based provider of purpose-built artificial intelligence and analytics infrastructure for the Internet of Things. Much like Verisk, Aspen has the same dynamic of improving their customers’ profitability and is therefore seen as a partner to their clients and not a cost. Aspen allows businesses to do more with less and this has led to some of the highest net margins we have ever seen. Source: Bloomberg