is a provider of software and services for the process industries . headquartered in bedford massachusetts usa aspentech has 30 offices around the world spanning 6 continents . contents 1 history 2 corporate turnaround 3 references 4 external links history edit founded in 1981 aspentech was born out a joint research project between the massachusetts institute of technology mit and us department of energy an advanced system for process engineering aspen project . 1 2 on july 15 2004 aspentech was required by the federal trade commission to make divestitures in regard to an anti trust ruling against its acquisition of hyprotech . this included divestment of batch and continuous simulation systems and integrated engineering software business axsys . 3 in the same year a class action lawsuit was filed against aspen technology and its certain officers over issuance of misleading statements and improper revenue recognition . 4 on november 24 2004 the company restated results for the fiscal years ended june 2000 through june 2004 after its audit committee discovered the company improperly accounted for certain software licenses . 5 on march 15 2005 the company announced that the audit committee of the company s board of directors had completed its previously announced financial review and the company had restated its financials for each of the fiscal years ended june 30 2000 through june 30 2004 . 6 aspen technology was delisted from the nasdaq on february 19 2008 for failing to meet financial transparency guidelines of the nasdaq exchange . 7 in february 2010 the company was relisted on the nasdaq exchange . 8 corporate turnaround edit under the leadership of former ceo mark fusco aspentech executed a corporate turnaround strategy . examples of steps taken during this period included 9 consolidating facilities with regional head offices in the america s emea and asia pacific . reducing the r & d facilities from 19 to 3 globally process modeling based in burlington massachusetts ; manufacturing and supply chain center of excellence in houston texas ; quality assurance center in shanghai china reorganizing the professional services business unit new organization structure and management and streamlining operations . on april 30 2013 aspentech announced that mark fusco would retire as president & ceo effective september 30 2013 . on october 1 2013 antonio pietri became aspentech president & ceo . 10 references edit aspentech corporate overview http www.aspentech.com corporate press media kit.aspx facts at a glance http www.aspentech.com corporate press media kit.cfm ftc ruling on hyprotech acquisition antitrust case http www.ftc.gov opa 2004 07 aspen.shtm the law firm of lasky & rifkind ltd. announces class action lawsuit against aspen technology inc. . november 15 2004 . retrieved jul 25 2013 . aspen to restate four years results . aspen technology announces completion of audit committee investigation and filing of restated annual report with s.e.c. . aspen technology notice of delisting http sec.gov archives edgar data 929940 000110465908026947 a08 12371 18k.htm jackie noblett 2010 02 10 . aspen technology to re list on nasdaq . boston business journal . amr research 2008 01 04 . aspentech s revamp and the petroleum and chemical industries pdf . retrieved 2008 04 14 . boston business journal http www.bizjournals.com boston blog techflash 2013 05 aspentech beats estimates in q3 fusco.html page all external links edit official website http www.forbes.com companies aspen technology http www.glassdoor.com reviews aspentech reviews e3701.htm http www.bostonglobe.com business 2012 10 01 nashua expansion marks long comeback for aspen technology yrkcfeqxdmhnrtdvsmixjk story.html 2012 http www.jimpinto.com commentary aspentech.html 2004 this united states manufacturing company related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title aspen technology & oldid 703186694 categories industrial softwaremes softwaresoftware companies based in massachusettscompanies based in middlesex county massachusettssoftware companies established in 19811981 establishments in massachusettsunited states manufacturing company stubshidden categories all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 4 february 2016 at 00 57 . text is available under the creative commons attribution sharealike license ; 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