AspenTech is a global software company that provides asset optimization solutions for asset-intensive industries like energy, chemicals, and pharmaceuticals. Founded in 1981 from a MIT and U.S. Department of Energy project, it offers integrated software platforms to help customers design, operate, and maintain their assets more safely, efficiently, and sustainably. AspenTech's solutions include industrial AI, process simulation, and performance management, enabling companies to meet increasing resource demands while reducing their environmental impact. AspenTech is a subsidiary of Emerson Electric Co..