Aspen Technology acquires Mnubo and Sabisu to deliver scalable AI-driven solutions

15 July 2019

Aspen Technology has signed an agreement to acquire Mnubo Inc., a Montreal-based provider of purpose-built artificial intelligence (AI) and analytics infrastructure for the Internet of Things (IoT). In addition it has acquired Sabisu Ltd, a UK-based company that provides a flexible enterprise visualisation and workflow solution to deliver real-time decision support.

Mnubo enables industrial companies to assemble and deploy AI-driven IoT applications quickly, at enterprise scale. Its technology will accelerate the realisation of AspenTech’s vision for the next generation of asset optimization solutions that combine deep process expertise with AI and machine learning. 
 
In addition to deploying AI-powered applications, the ability to visualise vast quantities of information and analysed data is critical to the evolution of the smart enterprise. To further enhance these capabilities AspenTech has acquired Sabisu Ltd, a UK-based company that provides a flexible enterprise visualisation and workflow solution to deliver real-time decision support. 

These acquisitions will enable AspenTech to accelerate the distribution of embedded AI in both its existing and future solutions. By combining first principle engineering models and deep process expertise with AI capabilities, these solutions will enable the automation of knowledge and data-driven decision-making for continuous improvement across the design, operation and maintenance lifecycle of industrial assets, says the company. 

“When expertly applied, AI offers a significant competitive advantage in managing operations to the limits of performance without compromising safety. The actionable insights from AI powered applications will help AspenTech customers to achieve a truly smart enterprise,” said Antonio Pietri, president and CEO of Aspen Technology. 


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