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Hyperion Announces New Direction in the Russian Federation and CIS
21/01/2010 @ 12:17
Nicosia, Cyprus - Moscow, Russia. 21st January 2010. Hyperion Systems Engineering Ltd., the leading independent solutions provider to the global process industry, announced the successful conclusion of its negotiations with Aspen Technology Inc. for an immediate termination of its agreement for resale of AspenTech software in Russia and the CIS.
“For the last 2 years we have been discussing with AspenTech, the business philosophy and market approach for Russia and the CIS. Our Russian subsidiary has successfully brought AspenTech software products to many customers in the region since 2003. Today, we believe that the best way forward for Hyperion was to exit this relationship, at the same time protecting our customers’ best interests”, stated Stavros Spanos, General Director of Hyperion Russia and Executive VP of the Hyperion Group, who continued: “Entering our 8th year of successful presence in Russia/CIS, Hyperion remains committed to the Russian market and to providing world class solutions to our customers. The release from the constraints of the AspenTech relationship provides Hyperion Russia with the flexibility to introduce different best-in-class leading technologies to our customers in line with our overall Hyperion strategy”.
To ensure the service to its customers remains uninterrupted Hyperion Russia will continue to provide Software Maintenance and Support services to customers in Russia through March 31st 2010. Effective April 1st 2010 the provision of these services will be directly assumed by AspenTech.
About Hyperion
Hyperion Systems Engineering Ltd (www.hyperion.com.cy) is the world’s leading independent provider of systems engineering solutions and services to the process industries. A privately held company with 16 years’ experience in the Oil and Gas, Petrochemical, Chemical, Pharmaceutical, Food and Beverage, Power, Water and Metals industries, Hyperion has a well-established reputation for groundbreaking innovation, helping clients to drive down costs and dramatically increase operational efficiencies.
Hyperion provides Process Modeling and Simulation, Basic and Advanced Process Control, Manufacturing Execution Systems, Supply Chain Management, and Project Management Consulting, with specialized expertise including Operator Training Simulators, Predictive Emissions Monitoring Systems, Environmental Compliance and Reporting, Laboratory Information Management Systems and Advanced Planning and Scheduling.
Headquartered in Cyprus, Hyperion operates around the world with regional offices in Athens (Greece), Moscow (Russia), Al-Khobar (Saudi Arabia), Pune (India), Shanghai (China), and Singapore. In addition, Hyperion’s wholly owned UK-based subsidiary, Broner Metals Solutions Ltd, is a leading provider of supply-chain management solutions to the international steel and aluminium manufacturing industry.
Hyperion Systems Engineering Ltd. is a company incorporated under the laws of the Republic of Cyprus and is the holding company of the Hyperion Systems Engineering group with registered subsidiaries in:
- Greece
- Russian Federation
- Kingdom of Saudi Arabia
- India
- China
- Singapore
- United Kingdom
Hyperion is certified to the ISO 9001:2000 standard, by EuroCert
For more information, visit www.hyperion.com.cy or www.hyperionsystems.ru or contact:
Hyperion Systems Engineering Russia
Maria Vasilieva
Legal and Commercial Officer
17/1 Skakovaya Street, Office 1212-1217
Moscow 125040
Russian Federation
Phone +7 495 5040477
Fax +7 495 5040478
maria.vasilieva@hyperionsystems.ru
Hyperion Systems Engineering Ltd.
Maria Sivakka
Chief Financial Officer
38, Strovolou Avenue
Nicosia, CY2018
Cyprus
Phone +357 22840700
Fax +357 22590009
m.sivakka@hyperion.com.cy
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