Aspen Technology to Accelerate Adoption of Cloud Services in Oil & Gas and Chemicals Industries

By Ralph Rio

Acquisition or Partnership

Aspen Technology, Inc announced that it has partnered with Larsen & Toubro Infotech (LTI) to deliver AspenTech solutions through LTI managed cloud services, which will accelerate the digitalization journey for capital-intensive industries.  

The partnership enables LTI to deliver AspenTech’s performance engineering desktop solutions, such as Aspen HYSYS and Aspen Plus, as well as AspenTech’s manufacturing supply chain solutions, including Aspen Unified, Aspen PIMS-AO and Aspen Petroleum Scheduler, through the cloud. This alliance allows industrial organizations to “bring their own license” to gain high-fidelity remote access to their mission-critical applications, increase compute flexibility and performance gains for more accurate, faster decision-making and accelerate time-to-value from new product innovations. 

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