AspenTech's flexible license agreement will allow Cabot to control how aspenONE applications are deployed across the enterprise as their business needs evolve. Such scalability and flexibility lends itself well to strong business growth, while also allowing the company to produce significant returns internally.  

"This expanded license agreement with Cabot Corporation demonstrates the strong relationship between our two companies, and highlights the unique value that aspenONE's integrated manufacturing and supply chain solution delivers," said Antonio Pietri, executive vice president, AspenTech, in a Wednesday statement.

"The improvements in customer service, working capital and manufacturing productivity provided by the integrated aspenONE solution make it easier for process manufacturers such as Cabot to achieve their operational excellence goals."

A provider of process optimization software and services, AspenTech’s integrated aspenONE solutions are designed to enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes.

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