Micromine a ‘business that is accelerating’: Pietri

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AspenTech CEO Antonio Pietri
AspenTech boss says he is looking forward to locking horns with new mining competitors

Aspen Technology CEO Antonio Pietri has declined to provide more clarity on the rationale for the company’s US$623 million acquisition of Australian mining software company Micromine, due to close later this year, but reiterated on a call with analysts the impact of the new business would “certainly be material”.

“We’ve always said that anything that we acquire needs to support or be accretive to our double-digit growth ambitions, and best-in-class profitability,” Pietri said after AspenTech posted its FY22 and fourth-quarter financial results.

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