All A's

Accenture, Aspen Technology Ally

New York and Cambridge, MA  July 27, 2001   Accenture and Aspen Technology recently announced a marketing and implementation services agreement aimed at delivering enterprise solutions for companies in the process industries. The alliance will focus on helping customers deploy integrated solutions to increase revenues, reduce costs and reduce working capital as part of their long-term supply chain planning, manufacturing, and e-commerce strategies.

By combining Accenture's business and capability development with AspenTech's integrated Aspen ProfitAdvantage solution, the two companies plan to enable effective collaboration across the entire value chain to help process manufacturers make more profitable decisions. Accenture will work closely with AspenTech's global services team to implement end-to-end solutions in the petroleum and chemicals industry. These solutions will span the value chain from optimizing the sourcing of raw materials, to improving the manufacture of products in the plant, to delivering final products to customers more efficiently.

NOVA Chemicals Corporation, a focused-commodity chemical company that produces olefins/polyolefins and styrenics at 18 locations in the United States, Canada, France, the Netherlands and the United Kingdom, has worked with both organizations for several years and is supportive of the relationship. "Since we work closely with both companies, we believe this joint effort between the two companies is a natural progression," said Peter Masterman, vice president, Logistics for NOVA Chemical Company. "AspenTech's integrated software capabilities combined with Accenture's consulting services will bring top-notch technology service solutions in supply chain planning, manufacturing, and e-commerce."

"Joining forces with AspenTech enables us to offer our clients a compelling value proposition, helping them save time and money, through an integrated solution set of value change capabilities," said Donald Richards, managing partner in the North America chemicals practice at Accenture. "Both companies bring a shared global knowledge of today's e-business demands and our collective knowledge will deliver joint solutions in technology and services to the industries we serve."

"Our alliance with Accenture will help us to deliver a strategic advantage to our key customers, with impressive financial returns and a comprehensive implementation service," said Larry Evans, chairman and CEO of AspenTech. "As supply chain and e-business solutions demand tighter and tighter integration, our two companies can provide a full set of broad, integrated solutions for process industry companies."