Aspen Technology (NASDAQ:AZPN) is a process optimization and engineering software provider that operates under the new SaaS (Software as a Service) revenue model that has many analysts and investors going crazy over. Under the product suite AspenOne, Aspen Technology sells software to the Oil & Gas, Chemicals, Manufacturing, Industrial and Construction industries to help them manage Engineering, Optimization, Design, Production, and Supply Chain activities. The AspenOne platform is a large technological leap for many of these organizations that are traditionally slow to adopt new technology. They offer several different applications all through the AspenOne platform, each for an additional cost through either a token system or a per seat (desktop computer) subscription payment system, each with the ability...
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