Burlington, MA’s Aspen Technology (NASDAQ [[ticker: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.
Author: Rebecca Zacks
Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.
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