Smart Cloud

Aspen Technology & LTI Partner to Boost Cloud Services Adoption

Aspen Technology

Partnership Delivers Performance Engineering and Manufacturing Supply Chain Solutions Through the Cloud to Enable Remote Access, Enterprise Scale and Operational Agility

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today 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. Supported offerings are detailed here.

“Our partnership with AspenTech, as both a Managed Hosting and Implementation Services Provider, will unlock tremendous value for our joint customers looking to enhance operational agility and thrive in the face of changing conditions,” said Sanjay Jalona, CEO and Managing Director, LTI. “We are excited to combine our expertise in cloud infrastructure and managed hosting services with AspenTech’s world-class asset optimization solutions to enable enterprises to embrace disruption.”

Antonio Pietri, President & CEO, Aspen Technology, said, “The process manufacturing industry is undergoing a significant change in how it conducts business, and the cloud is one of the enabling factors for that shift. Our partnership with LTI provides our customers with solutions that will accelerate their digitalization journey and significantly scale-up the overall capabilities. We’re very excited for this partnership, not only for what it means for LTI and AspenTech, but also for how we will work together to benefit customers.”

  • Download the AspenTech Whitepaper: Optimize Asset Design and Operations with Performance Engineering, and visit L&T Infotech, AspenTech Performance Engineering, and AspenTech Petroleum Supply Chain websites to learn more.

For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybsercurity, go to AI-Techpark.com.

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