Final Judgment and Permanent Injunction Entered Against M3 Technology in Favor of Aspen Technology
Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software to the process industries, announced that a final judgment and permanent injunction was entered today in favor of AspenTech in its trade secret misappropriation, copyright infringement and tortious interference action against M3 Technology, Inc. in the United States District Court for the Southern District of Texas.
The permanent injunction prohibits M3 Technology from using, marketing, selling, distributing, licensing, modifying, servicing, copying, or offering for sale or license the following products:
SIMTO Scheduling/M-Blend/Global(versions 6.0, 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.7, 7.0, 7.1, 7.2, 8.0)
SIMTO Scheduling/M-Blend(versions 3.6, 4.0, 4.5, 4.6, 4.8, 4.9, 5.0)
SIMTO Scheduling(versions 1.0, 2.0, 2.3, 3.0)
In addition, M3 Technology was ordered to pay Aspen Technology the sum of $11,346,329 in damages.
AspenTech is a leading supplier of software that optimizes process manufacturing - for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world's leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit http://www.aspentech.com.
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