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Archive for February, 2009

AspenTech Announces Availability of 7.1 Release of aspenONE® V7 Engineering Software

AspenTech Customers Adopt aspenONE V7 and Increase Efficiency in Response to Challenging Economy

BURLINGTON, Mass. February 26, 2009 Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software and services to the process industries, today announced the 7.1 release of aspenONE V7 Engineering software. The updated release enhances aspenONE V7 Engineering’s ability to help companies increase efficiency and productivity in the face of today’s challenging economy. aspenONE V7 Engineering supports the 7 Best Practices of Engineering Excellence. These best practices are based on proven engineering work processes used by leading AspenTech customers such as BP, BASF, Dow, Fluor Corporation, KL Energy, SNC Lavalin and URS Corporation.

Supporting Quotes:

“The Aspen Properties Enterprise Database in aspenONE  V7 provides valuable new capabilities to Fluor. It ensures that our process engineers will obtain validated and consistent physical-property calculations for process design and simulation, and that our proprietary information is protected.”

“The cost estimation capability in aspenONE V7 streamlines the flow of project information and shortens the cycle for developing accurate cost estimates. This enables us to do projects faster and more cost-effectively, resulting in increased productivity.”

“The improvements made to the Aspen Exchanger Design and Rating in aspenONE V7 are very useful for specialty heat exchanger designs, which are common in Biofuels processing. With these improvements, we can turn around designs in less than a week, compared to waiting up to six weeks and countless iterations for vendor-supplied designs.”

“We recently installed and configured the Aspen Licensing  Center Auto Upload Tool and found the process to be quick and easy. The ‘hands free’ feature gives us peace of mind knowing that our usage log files are processed and transmitted without burdening our IT resources. This allows us to seamlessly monitor and track our use of AspenTech solutions, further optimizing our software investment.”

Enhancements in Release 7.1

General Availability Date

The general availability date of the 7.1 release of aspenONE V7 Engineering is February 27, 2009.

Supporting Resources:

To learn more:

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – including oil and gas, petroleum, chemicals, pharmaceuticals and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

AspenTech Announces Availability of 7.1 Release of aspenONE® V7 Engineering Software
Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software and services to the process industries, today announced the 7.1 release of aspenONE V7 Engineering software. The updated release enhances aspenONE V7 Engineering's ability to help companies increase efficiency and productivity in the face of today's challenging economy. »

February 2009 Newsletter

MCRC announces investment in NWN Corporation

NWN CORPORATION
Boston, Mass. – February 2009 – MCRC is pleased to announce a new investment in NWN Corporation.  NWN is one of the fastest growing IT systems solution and integration companies in America, taking first place in CRN magazine’s 2008 Fast Growth 100 list.  The company provides clients with a complete range of end-to-end IT services and solutions. It partners with leading technology innovators and suppliers to bring their best technologies to the middle market.  NWN has earned the highest certifications possible with Cisco, HP and Microsoft and is nationally managed by these companies.  Clients include private and public sector organizations including banks, universities, manufacturers, hospitals, and state and local government agencies.  Headquartered in Waltham, the company has approximately 300 employees with professionals based in seven locations on the East Coast and in Houston.  Comments President and CEO Mont Phelps, “We have grown through strategic acquisitions and organic growth and have built a solid operating company that gives clients what they need: end-to-end business and technology solutions, industry-leading products and an outstanding professional staff.”  For more information, please visit the company’s website (www.nwnit.com).

ABOUT MCRC
Massachusetts Capital Resource Company, a private investment company located in Boston, is a source of mezzanine financing for emerging growth and middle market companies.  The company was formed in 1977 by the Massachusetts-based life insurance industry to provide risk capital and long term debt to small and medium sized businesses based in Massachusetts.  For more information, please visit our website (www.masscapital.com) or contact us at 617-536-3900.

February 2009 Newsletter
MCRC is pleased to announce a new investment in NWN Corporation. NWN is one of the fastest growing IT systems solution and integration companies in America, taking first place in CRN magazine's 2008 Fast Growth 100 list. »

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