SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1 TO
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): May 31, 2002
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ASPEN TECHNOLOGY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-24786 04-2739697
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
Ten Canal Park, Cambridge, Massachusetts 02141
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(Address of principal executive office and zip code)
Registrant's telephone number, including area code: (617) 949-1000
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The registrant hereby amends the following item of its Current Report
on Form 8-K filed with the Securities and Exchange Commission on May 31, 2002,
as set forth below:
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
RECENT DEVELOPMENT
We have received notice that the Federal Trade Commission is conducting
an informal investigation of our recent acquisition of Hyprotech (as described
below), including whether the acquisition is a reportable transaction under the
Hart-Scott-Rodino Antitrust Improvements Act and what affect the acquisition may
have on competition. We are in the process of providing the FTC with the
information it has requested and are cooperating fully with the FTC in its
investigation.
HYPROTECH ACQUISITION
On May 31, 2002, we acquired the capital stock of Hyprotech Ltd. and
related subsidiaries of AEA Technology plc, an English private limited company,
for a purchase price of 67.5 million pounds sterling. The terms of the
acquisition, including the consideration paid by us, were determined pursuant to
arm's-length negotiations.
Hyprotech, which is based in Calgary, develops and markets software and
service solutions designed to improve profitability and operating performance
for process industry clients by simulating plant design and operations.
Hyprotech serves more than 17,000 users, with approximately 600 major customers
in more than 80 countries. Hyprotech's customers include bp, Conoco, Shell,
Exxon-Mobil, UOP and Praxair.
We funded the Hyprotech acquisition with proceeds that we received from
private placements of capital stock and warrants completed in 2002. The private
placement investors consisted of a small number of institutional investors as
well as Wayne Sim, the Chief Executive Officer of Hyprotech, and another
Hyprotech officer, both of whom will be given leading roles in our new
engineering organization. Other than these investments by the two Hyprotech
officers, we do know of any material relationship that Hyprotech, its
affiliates, officers or directors, or any associates of any such officers or
directors had with our company before the completion of the acquisition.
THE PRECEDING DESCRIPTION OF THE HYPROTECH ACQUISITION DOES NOT PURPORT
TO BE COMPLETE AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE FULL TEXT OF
THE RELATED SHARE PURCHASE AGREEMENT, WHICH IS INCLUDED AS EXHIBIT 10.1 TO THIS
CURRENT REPORT.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
ASPEN TECHNOLOGY, INC.
Date: July 2, 2002
By: /s/ Lisa W. Zappala
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Lisa W. Zappala
Senior Vice President and
Chief Financial Officer