Mnubo Inc. acquired by Aspen Technology for $102 million

August 15, 2019

On July 12, 2019, Aspen Technology, Inc. (NASDAQ: AZPN) (“AspenTech”), a leader in asset optimization software completed its acquisition of Mnubo Inc. (“Mnubo”), a technology provider of artificial intelligence (“AI”) and analytics infrastructure for the internet of things (“IoT”).

Mnubo Inc. is a Montreal-based technology provider that enables organizations to deploy enterprise-scale AI-driven IoT applications.

Miller Thomson advised Mnubo in the acquisition with a team led by Bernard Blouin and Stéphanie Normandin (Corporate/M&A), and comprising Michael Caruso, Alexandre Hébert, Jamie Eichenbaum and Jean-Bernard Ricard (Corporate/M&A), Nathalie Marchand, Andrew Etcovitch et Stéphanie Pépin (Tax), Tai Nahm (IP) and Gary Rosen (Labour & Employment).