Aspen Tech acquires IIoT cloud-based software and edge connectivity assets of RtTech Software

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Bedford, Mass, Dec. 6, 2017: Aspen Technology, Inc., the asset optimisation software company, announced it had acquired the Cipher Industrial Internet of Things (IIoT) Cloud-native software and edge connectivity assets of RtTech Software Inc. of New Brunswick, Canada.

A press release said the acquisition strengthened AspenTech’s asset optimisation strategy by “providing sophisticated cloud and edge processing technology that captures and aggregates critical data from assets throughout the plant and across the enterprise.” This holistic view of every plant’s connected assets will extend the modeling and machine learning abilities of aspenONE software to continually deliver accurate and actionable insights that optimize asset, plant and enterprise performance throughout the entire lifecycle.

Cipher is a Cloud-native application with multi-tenant capabilities leveraging a modern architecture design, based on Microsoft’s Azure IoT platform.

With Cipher, customers can eliminate the challenge of having to build and maintain their own IIoT infrastructure to connect their assets to the enterprise, said the company. Using the latest IIoT technology, Cipher works with almost any commercially available edge device. It supports a wide range of industry-standard communication and security protocols, enabling thousands of remote and local assets and devices (wired or wireless) to be connected to Cipher’s Cloud-based data store for advanced analytics and asset optimisation across the enterprise.

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