Dec 07, 2022 / 01:00PM GMT
Meta A. Marshall - Morgan Stanley, Research Division - VP
All right. Welcome back from lunch, everybody. We're delighted to have Aspen Technology here with us. We have Antonio Pietri, CEO; and then Chantelle Breithaupt, CFO. I am Meta Marshall. For those who don't know, I cover networking equipment and communication software at Morgan Stanley.
Questions and Answers:
Meta A. Marshall - Morgan Stanley, Research Division - VPSo Antonio, let's just start with an overview of AspenTech. It's been a very eventful year with the closing of the Emerson transaction. So could we start just talking about the new AspenTech business and the key strategic reasons for the combination?
Antonio J. Pietri - Aspen Technology, Inc. - President, CEO & Director
Yes. No, thank you for having us here. So let's start with the sort of strategic reasons. I mean, look, I always felt that in AspenTech, we lacked scale as a software company. And that really became very obvious in the 2020 period, as multiples were expanding in the