Aspire Systems announces the acquisition of Applied Development
Chennai, India, April 21, 2014: Aspire Systems, a global technology services firm with a strong focus on Independent Software Vendors, today announced the acquisition of Applied Development, a Belgium-based IT offshoring company that develops software for European customers in India. This acquisition will help Aspire expand into the European market, particularly in the Benelux region (includes Belgium, Netherlands & Luxemburg), with a recognized client base created by Applied Development.
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.
Chairman and CEO of Aspire Systems Gowri Shankar Subramanian 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.”
Managing Director of Applied Development Bipin Nambiar 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.
