Aspen Technology and Larsen &Toubro to accelerate cloud services in oil and gas

AspenTechAspen Technology, one of the leading providers in asset optimisation software, has partnered with Larsen & Toubro Infotech (LTI) to deliver AspenTech solutions through LTI managed cloud services, which will accelerate the digitalisation journey for capital-intensive industries

The partnership enables LTI to deliver AspenTech’s performance engineering desktop solutions, such as Aspen HYSYS and Aspen Plus, as well as AspenTech’s manufacturing supply chain solutions, including Aspen Unified, Aspen PIMS-AO and Aspen Petroleum Scheduler, through the cloud. This alliance allows industrial organisations to “bring their own license” to gain high-fidelity remote access to their mission-critical applications, increase compute flexibility and performance gains for more accurate, faster decision-making and accelerate time-to-value from new product innovations.

“Our partnership with AspenTech, as both a Managed Hosting and Implementation Services Provider, will unlock tremendous value for our joint customers looking to enhance operational agility and thrive in the face of changing conditions,” said Sanjay Jalona, CEO and managing director, LTI.

Antonio Pietri, president and CEO, Aspen Technology, said, “The process manufacturing industry is undergoing a significant change in how it conducts business, and the cloud is one of the enabling factors for that shift. Our partnership with LTI provides our customers with solutions that will accelerate their digitalisation journey and significantly scale-up the overall capabilities. We’re very excited for this partnership, not only for what it means for LTI and AspenTech, but also for how we will work together to benefit customers.”

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