AspenTech Acquires Industrial Internet of Things Cloud-based…

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, announced it has acquired the Cipher Industrial Internet of Things (IIoT) cloud-native software and edge connectivity assets of RtTech Software Inc. of New Brunswick, Canada.

The acquisition strengthens AspenTech’s asset optimization strategy by providing sophisticated cloud and edge processing technology that captures and aggregates critical data from assets throughout the plant and across the enterprise. This holistic view of every plant’s connected assets will extend the modeling and machine learning abilities of aspenONE® software to continually deliver accurate and actionable insights that optimize asset, plant and enterprise performance throughout the entire lifecycle.

RtTech’s Cipher software delivers on the IIoT promise of affordable, high performance connectivity for old, new, local and remote assets, without having to rip out and replace existing IT/OT (information technology/operational technology) infrastructures or business systems.