Aspen Technology Names Sullivan Chief Financial Officer

Aspen Technology Inc., a leading provider of software and services to the process industries, has announced the appointment of Mark P. Sullivan to the position of senior vice president and chief financial officer, effective July 1, 2009. Sullivan brings more than 20 years of financial management and executive leadership to the company.

Sullivan spent 14 years in financial executive leadership roles at Fidelity Investments, a $12+ billion diversified financial services company. For seven years, Sullivan served as executive vice president, chief financial officer, for Fidelity Employer Services Co., where he led a 200+ finance team and multi-billion dollar business focused on providing employee benefits and HR outsourcing services. While at Fidelity, Sullivan also served as executive vice president for the office of the CFO, in addition to other financial leadership roles.

“We are excited to have an individual with Mark’s breadth and depth of experience joining us to lead our finance organization,” said Mark Fusco, president and CFO of AspenTech. “Mark is a proven business leader with considerable experience managing large organizations, implementing process improvements, and driving growth and profitability. We believe he is an excellent fit to lead AspenTech’s efforts to bring our financials current and help us achieve our long-term business objectives.”

Sullivan’s previous experience included serving as chief operating officer, principal finance and accounting officer for Westerbeke Corp., a manufacturer, global importer, and distributor of engine and air conditioning products for the recreational marine industry. Sullivan also served as consulting manager in the Business Investigatory Services group of Coopers & Lybrand, a public accounting and professional services firm, in addition to a number of financial leadership roles with Analog Devices, an integrated circuit manufacturer.

“AspenTech has industry leading technology, a blue chip customer base, and a strong financial position,” said Sullivan. “I look forward to using my financial and executive leadership experience to put in place the financial infrastructure and processes necessary to effectively scale the company over the long-term.”

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. For more information, visit www.aspentech.com.