Stocks, Software, Optimization

AspenTech Delisted from NASDAQ

Rebecca Zacks 2/15/08

Burlington, MA’s Aspen Technology (NASDAQ AZPN) will be delisted from the NASDAQ effective February 19, the optimization software firm announced today. “The delisting comes after a series of accounting mishaps dating back several years, resulting in the firing of CEO David McQuillin in 2004,” according to the Boston Business Journal. Current CEO Mark Fusco said in a statement that AspenTech remains financially strong, and is committed to getting back in compliance with filing requirements and applying to once again list its stock on a national exchange.