M&A Deal Summary

Aspire Systems Acquires Applied Development NV

On April 18, 2014, Aspire Systems acquired information technology company Applied Development NV

Acquisition Highlights
  • This is Aspire Systems’ 2nd transaction in the Information Technology sector.
  • This is Aspire Systems’ 1st transaction in Belgium.

M&A Deal Summary

Date 2014-04-18
Target Applied Development NV
Sector Information Technology
Buyer(s) Aspire Systems
Deal Type Add-on Acquisition

Target

Applied Development NV

Gent, Belgium
Applied Development is an IT offshoring company that develops software for European companies in India.

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Buyer(S) 1

Buyer

Aspire Systems

San Jose, California, United States

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

Aspire Systems, Inc., a technology services company, provides product engineering, enterprise transformation, independent testing, and IT infrastructure support services for VC funded start ups and Fortune 500 enterprises.


DEAL STATS #
Overall 2 of 4
Sector: Information Technology M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Belgium M&A 1 of 1
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Versant Technologies Pvt.

Hyderabad, India

Versant Technologies Pvt. Ltd., a software technology company, specializes in Oracle retail implementation, enterprise application integration, electronic data interchange, and software development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-11 SRA Systems

Chennai, India

Systems offers integrated solutions for Enterprise Content Management and Business Process Management. It specializes in Document Management and Real Time Computing for Factory Automation. SRA also provides quality software services for business process outsourcing, custom software development, enterprise application integration, IT consulting, re-engineering and maintenance.

Buy -