M&A Deal Summary

Aspen Tech Acquires Petrolsoft

On June 2, 2000, Aspen Tech acquired software company Petrolsoft for 60M USD

Acquisition Highlights
  • This is Aspen Tech’s 3rd transaction in the Software sector.
  • This is Aspen Tech’s 4th largest (disclosed) transaction.
  • This is Aspen Tech’s 3rd transaction in the United States.
  • This is Aspen Tech’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2000-06-02
Target Petrolsoft
Sector Software
Buyer(s) Aspen Tech
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Petrolsoft

Cambridge, Massachusetts, United States
Petrolsoft Corporation is a provider of distribution software for the petroleum industry.

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Buyer(S) 1

Buyer

Aspen Tech

Bedford, Massachusetts, United States
Category Company
Founded 2021
Sector Software
Employees3,574
Revenue 1.0B USD (2022)
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 3 of 23
Sector (Software) 3 of 15
Type (Add-on Acquisition) 2 of 16
State (Massachusetts) 1 of 1
Country (United States) 3 of 11
Year (2000) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-29 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.

Buy $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-10 Hyprotech

Calgary, Alberta, Canada

Hyprotech Ltd. is a supplier of simulation and engineering software and service solutions to the process industries, including exploration & production, air separation, gas processing, refining, petrochemical, bulk chemical, specialty chemical, pharmaceutical, pulp & paper and food & beverage.

Buy -
Mergr

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