Aspire Systems makes another major acquisition

Aspire Systems has announced acquisition of Applied Development, which is a Belgium-based IT offshoring company that develops software for European customers in India.

This acquisition will help Aspire to expand into the European market, particularly in the Benelux region (includes Belgium, the Netherlands and Luxemburg), with a recognized client base created by Applied Development.

Gowri Shankar Subramanian, Chairman & 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.”

Bipin Nambiar, Managing Director, Applied Development, said, “We are very pleased to become a part of Aspire Systems. The additional skill sets and technology capabilities of Aspire will enable us to offer more services to our existing customers and to the Benelux market. Applied Development’s deep insight and 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 and create a great workplace.”

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 Centre at Gurgaon.