Aspen Technology to Acquire Chesapeake Decision Sciences.CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 29, 1998-- Merger with Supply Chain Pioneer to Improve Manufacturers' Productivity by More Tightly Linking Plant and Business Operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets Aspen Technology Aspen Technology (NASDAQ: AZPN) provides software and professional services to the manufacturing and process industries which allows companies to model, manage, and control their operations. AspenTech was founded in 1981 by MIT professor Dr. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AZPN), the leading provider of Smart Manufacturing software The following list of software modules are the manufacturing components of Baan's ERP (BaanERP) system, acquired by SSA Global in 2003 and subsequently by Infor at the end of 2006. It is listed here because it provides a comprehensive overview of the required software. See MES. and services for the process industries, today announced that it has entered into a definitive agreement to acquire Chesapeake Decision Sciences, Inc., a pioneer in and leading supplier of highly configurable software solutions for the rapidly growing manufacturing supply chain market. This acquisition unites Chesapeake's extensive supply chain expertise and technology with the deep process knowledge embodied in AspenTech's Plantelligence(tm) solutions, enabling manufacturers to more quickly and effectively respond to real-time changes in supply and demand. The combination of these technologies enhances the strategic value to customers of the Plantelligence suite, for the first time offering the process industries the opportunity to increase efficiency across a broader range of business activities, from manufacturing to distribution and enterprise-wide supply chain management. AspenTech will leverage Chesapeake's process industry focus and exceptional technology base to offer its customers a far more valuable and truly differentiated solution. At the same time, AspenTech will invest additional resources to market more aggressively Chesapeake's supply chain solutions in the semiconductor, consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one , and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. industries, where Chesapeake's integrated forecasting, planning and scheduling solutions have enjoyed great success. AspenTech intends to integrate MIMI Mimi her love for Rodolfo ended by her early death. [Ital. Opera: Puccini, La Bohème, Westerman, 348–350] See : Love, Tragic (R) (Manager for Interactive Modeling Interfaces) with the Plantelligence suite, as well as to enhance, market and support MIMI as a stand-alone product for applications where Plantelligence functionality is not required. Based in New Providence, New Jersey New Providence is a borough on the northwestern edge of Union County, New Jersey, United States. It is located on the Passaic River, which forms the county boundary with Morris County. As of the United States 2000 Census, the population was 11,907. , Chesapeake develops and markets MIMI, an adaptable, integrated decision support platform designed to optimize production planning Production planning The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. and scheduling. MIMI simplifies for producers the otherwise highly complex supply chain decisions that maximize asse control inventories and improve customer satisfaction, using advanced expert system technology and optimization algorithms. MIMI applications support a broad range of shnology manufacturing. Chesapeake has 120 commercial customers around the world, including 3Com, Amoco, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , BP Oil, Bridgestone/Firestone, Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). , Du Ponesund Paperboard, Josiah Wedgwood and Sons, LSIement, AspenTech will issue approximately 2.95 alendar 1997 revenues of approximately $17 millis historical financial results will be restated subsequent to closing to reflect the combination. Excluding one-time charges in connection with this transaction of approto our vision of complete manufacturing lifecycle integration," observed Larry Evans, AspenTech Chairman and Chief Executive Officer. "Our family of Smart Manufacturing cal business operations, by integrating Chesapeased productivity by integrating highly accuraten the strength of their global sales and marketing organization, and our mutual commitment to rigorous, model-based solutions," commented Thomas Baker, Chief Executive Obe well-served by AspenTech's reputation for tedemand forecasting functionality. In other vertical manufacturing segments, MIMI augments AspenTech's Smart tions planning and advanced available-to-promise capabilities. MIMI also features 24 easy-to-use templates ustransition period, Tom Baker will remain in a gg provider of software and consulting for supply chain planning and optimization. Founded in 1982, the company has pioneered many of today's leading supply chain managem approach and intelligent available-to-promise acturers have reported substantial cost savings and customer service improvements through their use of MIMI sAspen Technology, Inc. (www.aspentech.com) is a pulp and paper, and metals. Process manufacture environmental and safety regulations, improve pes worldwide. AspenTech's software and services comprise the Plantelligence suite, the process industry's only complete solution for the Smart Manufacturing System market. Plantelligence brings intelligence to bear on the design, operation and management of manufacturing processss release contains forward-looking statements tsks set forth under the caption "Risk Factors" nd the Aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass. Chesapeake Decision Sciencve owners. CONTACTness Wire's full file on the Internet with Hyperlinks to your home page. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion