Aspire Systems Announces the Acquisition of Applied Development
April 21, 2014 - Chennai, Tamil Nadu, India
Applied Development was founded by Bipin Nambiar and Ivan Vercruysse in Belgium. With a headcount of fifty employees in India and Belgium, Applied Development recorded a 45% increase in revenue last year. The company is known for its best practices in software development and provides services for product development companies & enterprises to build professional software cost-effectively. Applied Development’s business model is based on a combination of European project management and Indian development. The company has a strong client base in Continental Europe and has established solid long-term relationships with customers.
Commenting on the acquisition, Mr. Gowri Shankar Subramanian, Chairman and CEO, Aspire Systems said, “The acquisition of Applied Development is of strategic importance to us. Expanding our geographical presence to Continental Europe will enable us to win more customers in this important market. With this acquisition, Aspire Systems now has a truly global presence in the US, UK, Middle East, India and Europe enabling us to serve customer needs across the entire world.”
Speaking on the occasion, Mr. Bipin Nambiar, Managing Director, Applied Development said, “We are very pleased to become a part of Aspire Systems. The additional skillsets & technology capabilities of Aspire will enable us to offer more services to our existing customers & to the Benelux market. Applied Development’s deep insight & expertise into the local Benelux market will enable Aspire to grow its presence in the region. Both companies share a very similar philosophy to bring high quality technology services to the global market & create a great workplace.”
Following this full acquisition, Applied Development will be renamed Aspire Systems N.V.. Applied Development’s current teams will continue to drive the existing business and the development team will move to Aspire’s state-of-the-art campus in Siruseri, Chennai. Mr. Bipin Nambiar has been appointed as Director of Benelux & Ivan Vercruysse as Director of Technology at Aspire Systems N.V..
This is the second acquisition by Aspire Systems in the last four months. The company announced the acquisition of Hyderabad-based Versant Technologies in December 2013, enhancing the company’s solution capabilities for the Retail, Distribution and Consumer Goods vertical. In 2011, Aspire acquired Cincom System’s India Development Center at Gurgaon.
About Aspire Systems
Aspire Systems is a global technology services firm serving as a trusted technology partner for its customers. The company works with some of the world's most innovative enterprises and independent software vendors, helping them leverage technology and outsourcing in Aspire’s specific areas of expertise. Aspire System’s services include Product Engineering, Enterprise Solutions, Independent Testing Services and IT Infrastructure & Application Support Services. The company currently has over 1,400 employees and over 100 customers globally. The company has a growing presence in the US, UK, India, Middle East and Europe. For the fourth time in a row, Aspire has been selected as one of India’s ‘Best Companies to Work For’ by the Great Place to Work® Institute, in partnership with The Economic Times.
For further information, please visit: www.aspiresys.com
About Applied Development
Applied Development is a Belgium-based IT offshoring firm that develops software for European companies in India. It works with a combination of European project management and Indian software development. Applied Development approaches software development as a discipline in its own right and provides services to companies, end-users and product development companies, to build professional software cost-effectively. This involves using the right kinds of processes and procedures to achieve the best results with respect to quality and price.
For further information, please visit: www.appdev.be
Source: Business Wire India