Micromine a ‘business that is accelerating’: Pietri

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.