M&A Deal Summary

Aspen Tech Acquires RtTech Software - Software and Edge Connectivity Assets

On December 5, 2017, Aspen Tech acquired software company RtTech Software - Software and Edge Connectivity Assets from RtTech Software

Acquisition Highlights
  • This is Aspen Tech’s 12th transaction in the Software sector.
  • This is Aspen Tech’s 2nd transaction in Canada.
  • This is Aspen Tech’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2017-12-05
Target RtTech Software - Software and Edge Connectivity Assets
Sector Software
Buyer(s) Aspen Tech
Sellers(s) RtTech Software
Deal Type Divestiture

Target

RtTech Software - Software and Edge Connectivity Assets

Moncton, New Brunswick, Canada
RtTech Software, Inc. - Software and Edge Connectivity Assets is a provider of sophisticated cloud and edge processing technology that captures and aggregates critical data from assets throughout the plant and across the enterprise.

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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 14 of 23
Sector (Software) 12 of 15
Type (Divestiture) 6 of 7
State (New Brunswick) 1 of 1
Country (Canada) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-27 Mtelligence

San Diego, California, United States

Mtelligence Corp. (Mtell) is a provider of maintenance intelligence software solutions that link plant and business.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Apex Optimisation

Glenelg South, Australia

Apex Optimisation is a specializing in dynamic optimization and advanced process control. Apex Optimisation is based in Glenelg South, Australia.

Buy -

Seller(S) 1

SELLER

RtTech Software

Moncton, New Brunswick, Canada
Category Company
Founded 2011
Sector Software
DESCRIPTION

RtTech Software, Inc. is an IIoT apps provider for downtime tracking, asset management, and energy management software solutions. RtTech Software was founded in 2011 and is based in Moncton, New Brunswick.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (New Brunswick) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Mergr

Product

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