Market Overview

AspenTech Appoints Gary Weiss as New Chief Operating Officer

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Aspen
Technology, Inc.
(NASDAQ:AZPN), the asset optimization software
company, has named Gary Weiss to be Chief Operating Officer, a new
position within the company.

In this new role, Weiss will be responsible for customer-facing
operations and product leadership across AspenTech's portfolio of asset
optimization solutions in the engineering design and manufacturing and
supply chain areas. He brings to AspenTech more than 25 years of
experience in the software industry where he successfully led several
organizations to scale their go-to-market operations.

Weiss joins AspenTech from OpenText, where he held several leadership
roles in various business units of the organization. His last role was
as Senior Vice President and General Manager of the OpenText Security,
Discovery and Analytics business. His prior responsibilities included
being SVP of Cloud Services, as well as SVP and GM of its Information
Exchange business unit that led to the transformative acquisition of GXS
for the Canadian software leader.

"We have been evaluating our organizational structure to ensure that we
are best aligned to capitalize on the significant opportunity we have
developed by broadening our vision and expanding our market potential.
Gary's appointment is an important component of this process, and
AspenTech will benefit from his extensive experience in successfully
scaling companies," said Antonio Pietri, President and Chief Executive
Officer of AspenTech.

"I am thrilled to join AspenTech at this exciting time," said Weiss.
"AspenTech is ideally positioned to deliver the next generation of asset
optimization solutions for capital-intensive industries and I am looking
forward to working with our customers to push the boundaries of their
asset performance and maximize their value."

About AspenTech

AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial environments
where it is critical to optimize the asset design, operation and
maintenance lifecycle. AspenTech uniquely combines decades of process
modeling expertise with big data machine-learning. Our purpose-built
software platform automates knowledge work and builds sustainable
competitive advantage by delivering high returns over the entire asset
lifecycle. As a result, companies in capital-intensive industries can
maximize uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com
to find out more.

© 2018 Aspen Technology, Inc. AspenTech, aspenONE and the Aspen leaf
logo are registered trademarks of Aspen Technology, Inc. All rights
reserved. All other trademarks are property of their respective owners.

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