Aspen Technology, Inc. engages in the provision of asset optimization solutions. It develops its applications to design, and optimize processes across the engineering, manufacturing and supply chain, and asset performance management areas. The firm operates through the Subscription and Software, and Services segments. The Subscription and Software segment offers licensing of asset optimization software solutions, and associated support services. The Services segment includes professional services, and training. The company was founded in 1981 and is headquartered in Bedford, MA.
If we fail to increase usage and product adoption of our aspenONE engineering and manufacturing and supply chain offerings and grow our aspenONE APM business, or fail to continue to provide innovative, market-leading solutions, we may be unable to implement our growth strategy successfully, and our business could be seriously harmed.
Our business could suffer if we do not grow our aspenONE APM business or if the demand for, or usage of, our other aspenONE software declines for any reason, including declines due to adverse changes in the process and other capital-intensive industries.
Unfavorable economic and market conditions or a lessening demand in the market for asset optimization software could adversely affect our operating results.
The majority of our revenue is attributable to operations outside the United States, and our operating results therefore may be materially affected by the economic, political, military, regulatory and other risks of foreign operations or of transacting business with customers outside the United States.
Fluctuations in foreign currency exchange rates could result in declines in our reported revenue and operating results.
Competition from software offered by current competitors and new market entrants, as well as from internally developed solutions by our customers, could adversely affect our ability to sell our software products and related services and could result in pressure to price our products in a manner that reduces our margins.
Defects or errors in our software products could harm our reputation, impair our ability to sell our products and result in significant costs to us.
We may be subject to significant expenses and damages because of product-related claims.
Claims that we infringe the intellectual property rights of others may be costly to defend or settle and could damage our business.
We may not be able to protect our intellectual property rights, which could make us less competitive and cause us to lose market share.
Our software research and development initiatives and our customer relationships could be compromised if the security of our information technology is breached as a result of a cyber-attack. This could have a material adverse effect on our business, operating results and financial condition, and could harm our competitive position.
Our common stock may experience substantial price and volume fluctuations.
Our corporate documents and provisions of Delaware law may prevent a change in control or management that stockholders may consider desirable.