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Subject: OASIS MEMBER NEWS: Aspen Technology Partners With Extricity To Deliver E-Commerce Solutions For Process Manufacturing Industries
From: Carolynn Sherby <csherby@msx.extricity.com> Subject: "Aspen Technology Partners With Extricity To Deliver E-Commer ce Solutions For Process Manufacturing Industries" Date: Tue, 26 Oct 1999 15:24:59 -0700 FOR IMMEDIATE RELEASE Aspen Technology Launches E-Business Initiative AspenTech to offer process-centric manufacturers supply chain automation and business-to-business e-commerce solutions via Extricity Software partnership ----------------------------------------------------------------------- ----- ---- CAMBRIDGE, Mass.--October 26, 1999--Aspen Technology, Inc. (NASDAQ: AZPN), the leading supplier of manufacturing enterprise optimization solutions for the process industries, today launched an e-business initiative and announced Aspen e-Business, the first in a series of business-to-business e-commerce applications. As part of this initiative, AspenTech has partnered with business-to-business application leader Extricity Software, Inc. to deliver e-commerce solutions that will enhance integration and automate the flow of information between disparate supply chain and enterprise resource planning (ERP) systems and customers, suppliers and trading partners. Privately held Extricity Software creates software that enables companies to aggressively improve efficiencies, competitiveness and profitability by leveraging the Internet to automate business interactions throughout entire value chains of customers and partners. AspenTech's e-commerce solutions will expand the company's existing Internet-enabled capabilities into the business-to-business arena and create new products based on Aspen MIMI and Aspen PIMS supply chain management software. Through its partnership with Extricity, AspenTech will extend the power of supply chain planning, scheduling and demand management beyond the enterprise by integrating customers' business processes with those of its trading partners. This extension expands AspenTech's industry-leading supply chain capabilities beyond supply chain management and optimization to now include the automation of all supply chain decisions. AspenTech currently has more than 2,000 supply chain applications installed in the process industries-more than any other supply chain vendor. AspenTech will integrate Extricity's strong business processes modeling, e-commerce and process execution technologies with its own process plant modeling, automation and optimization systems. This integration will help AspenTech's customers forge tighter relationships with partners by allowing complex e-business transactions, regardless of the ERP, customer relationship management, supply chain or other software in use at each node in the trading network. AspenTech's unique solution is the only product that permits integration among all of the ERP and supply chain applications currently used in the manufacturing industries. This capability allows the company to create integrated e-commerce solutions independent of any previous application decisions made by the customer. The AspenTech solution will not only support simple buy/sell transactions, but will also help automate higher-level processes such as collaborative forecasting, planning and replenishment, production scheduling and inventory management. "We selected Extricity to be part of our e-business initiative due to the wide-spread recognition of its leadership in facilitating business-to-business e-commerce among multiple trading partners," said Larry Evans, Chairman and CEO of AspenTech. "We recognize the tremendous market opportunity that exists for helping manufacturers to maximize their efficiency, profitability and customer satisfaction through supply chain automation and business process integration. These solutions will enable manufacturers to be more responsive to customers and more rapidly identify new areas of market demand." "Extricity is pleased to have entered into a partnership with AspenTech to provide the business-to-business e-commerce capabilities behind its e-business initiative in the process manufacturing industries, " said Ken Ross, CEO of Extricity Software. "AspenTech's solution suite and detailed knowledge of plant operations, combined with Extricity's business-to-business software, will create powerful e-business and supply chain solutions that will help AspenTech further build upon its leadership and success." About Extricity Software Extricity Software, Inc. is the premier provider of comprehensive, packaged business-to-business software solutions. The Extricity AllianceSeries family of XML-based e-commerce solutions allows Global 2000 companies to dramatically improve both their efficiencies and competitiveness by leveraging the Internet to automate critical business processes and the flow of information between partners, customers and suppliers. Founded in 1996, Extricity is a privately held company headquartered in Redwood Shores, Calif., with offices nationwide. About AspenTech Aspen Technology, Inc. is the leading supplier of integrated software and services for manufacturing enterprise optimization. AspenTech's solutions include Plantelligence, which integrates plant processes to improve business performance, and supply chain management products that unite the enterprise and enable business-to-business supply chain optimization. The company's deep process knowledge, best-in-class solutions, optimization expertise and integrated technologies enable customers to align people, resources and business processes to drive their enterprise to its True PotentialO . AspenTech employs more than 1,400 people in 22 offices worldwide and is headquartered at Ten Canal Park, Cambridge, Mass. 02141. Additional company and product information is available at www.aspentech.com or by calling 1-888-996-7070. This news release contains forward-looking statements regarding future events or financial performance of the Company that involve risks and uncertainties, particularly paragraphs 3, 4, 5 and 6. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate and there can be no assurance that actual results will be the same as those indicated or implied by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Risk Factors section of our Form 10K for the year ended June 30, 1999, which factors are incorporated herein by reference. Copies of this document are available on request from the Investor Relations Department of AspenTech. # # # AspenTech, Plantelligence, True Potential, Aspen MIMI, Aspen PIMS, Aspen e-Business and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass. The AllianceSeries is a registered trademark of Extricity. Carolynn Sherby Director, PR and Analyst Relations Extricity Software 555 Twin Dolphin Drive, Suite 600 Redwood Shores, CA 94065 Direct 650-596-4531 Fax 650-596-1310 email: csherby@extricity.com www.extricity.com
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