AspenTech Augments it AI-Driven Solutions with the Acquisition of Mnubo and Sabisu
The emergence of effective AI-driven solutions has enabled organizations to improve asset design, operation, and maintenance.
FREMONT, CA: The adoption of automation technology is steadily increasing in the industrial sector, boosted by the contributions of organizations such as Aspen Technology (AspenTech). The provider of asset optimization software, recently acquired Mnubo and Sabisu to enhance its offerings and equip smart enterprises with robust and scalable artificial intelligence (AI)-driven solutions. AspenTech’s software products are designed for sophisticated industrial environments to optimize asset design, operation, and maintenance lifecycle.
AspenTech integrates its decades of expertise in process modeling with machine learning (ML) technology to develop robust solutions and purpose-built software platforms designed to automate knowledge work and create a sustainable competitive edge in the market. It delivers high returns over the asset lifecycle, enabling capital-intensive industries to maximize uptime and performance.
Antonio Pietri, President, and CEO of AspenTech, said, "With the current pressures on margins, our customers need to yield higher outputs and drive higher efficiencies with existing assets. When expertly applied, AI offers a significant competitive advantage in managing operations to the limits of performance without compromising safety. By bringing the deep domain expertise of AspenTech together with Mnubo AI-driven IoT expertise and Sabisu visualization, we can deliver innovation that helps our customers drive greater value from their existing data at scale. The actionable insights from AI-powered applications will help AspenTech customers to achieve a truly smart enterprise. I am delighted to welcome the highly talented teams from both Mnubo and Sabisu to AspenTech.”
Based in Montreal, Mnubo provides robust AI and analytics infrastructure for the internet of things (IoT). It empowers organizations to develop and deploy AI-driven IoT applications on an enterprise scale. The acquisition of the company will enable AspenTech to accelerate its vision for the development of next-generation asset optimization solutions.
Frédéric Bastien, Co-Founder and CEO of Mnubo, said, "The global adoption of AI and IoT technologies is powering the next wave of industrial-digital enterprises. The Mnubo AI and analytics infrastructure were purpose-built to accelerate the digital transformation of traditional industries by democratizing the power of artificial intelligence and machine learning. Our location in Montreal’s world-class AI ecosystem enables AspenTech to establish a Centre of Excellence for these cutting-edge technologies and to attract some of the best talents in this space. We are very excited to continue to develop innovative AI solutions that target the industrial internet of things at enterprise scale, under the AspenTech umbrella.”
The acquisition of Sabisu, a UK based company specializing in versatile enterprise visualization and workflow solution for real-time decision support, will equip AspenTech with the ability to visualize vast quantities of information and analyze the data.
Tim Sharpe, Co-Founder and Managing Director of Sabisu, said, “Sabisu can aggregate performance data from multiple sources, from historians to spreadsheets, from across the plant, country or world. When made available to engineering, operations, planning, and maintenance teams, the comprehensive analysis can be used to enhance uptime and efficiency significantly. We are excited to join AspenTech and develop our technology to achieve actionable data insights that have been previously unobtainable.”
Considering its contributions to the industrial sector, CIOReview Magazine named AspenTech as one of the “20 Most Promising Chemical Tech Solution Providers-2017.”