Aspen Technology, Inc. (AZPN, Financial) is the leading process tools provider for the engineering and construction, chemicals and energy markets. Its software improves competitiveness and profitability by increasing throughput and productivity, reducing operating costs and enhancing capital efficiency. We believe the company has substantial room to grow through new products, further customer penetration, a new product upgrade cycle and continued market share gains. The return on investment that the company’s customers realize from efficiency gains provides us with further confidence to invest with Aspen. We initiated a position in Aspen Technology in the quarter.
From the Baron Opportunity Fund third quarter 2015 letter.
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