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  6. Aspen Tech Acquires Chesapeake Decision Sciences

M&A Deal Summary

Aspen Tech Acquires Chesapeake Decision Sciences

On April 29, 1998, Aspen Tech acquired software company Chesapeake Decision Sciences for 135M USD

Acquisition Highlights
  • This is Aspen Tech’s 2nd transaction in the Software sector.
  • This is Aspen Tech’s largest (disclosed) transaction.
  • This is Aspen Tech’s 2nd transaction in the United States.
  • This is Aspen Tech’s 1st transaction in New Jersey.

M&A Deal Summary
Date 1998-04-29
Target Chesapeake Decision Sciences
Sector Software
Buyer(s) Aspen Tech
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

Chesapeake Decision Sciences

New Providence, New Jersey, United States
Chesapeake Decision Sciences is a provider of software and consulting for supply chain planning and optimization. Founded in 1982, the company has pioneered many of today’s leading supply chain management concepts, as the originator of both the applications environment approach and intelligent available-to-promise functions, among other key innovations. The MIMI decision support applications environment enables planning, scheduling and optimization solutions to be implemented quickly and easily.

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Buyer(S) 1

Buyer

Aspen Tech

Bedford, Massachusetts, United States
Category Company
Founded 1981
Sector Software
Employees3,574
Revenue 709M USD (2021)
DESCRIPTION

Aspen Tech is a supplier of software that optimizes process manufacturing. Aspen Tech was founded in 1981 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 2 of 19
Sector: Software M&A 2 of 13
Type: Add-on Acquisition M&A Deals 1 of 13
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 10
Year: 1998 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-08 Bechtel PIMS

Houston, Texas, United States

Bechtel PIMS provides software products for planning and scheduling in the process industries, which are based on linear programming technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-02 Petrolsoft

Cambridge, Massachusetts, United States

Petrolsoft Corporation is a provider of distribution software for the petroleum industry.

Buy $60M
Mergr

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