Acquires SRA Systems and its US Subsidiary, 3S
Aspire Systems, a global technology services firm with a strong DNA in Product Engineering, has signed a transfer agreement with SRA Systems and its US Subsidiary, 3S.
As a result of this agreement, the services business of SRA will move to Aspire and over 120 people from SRA will now become a key part of Aspire’s team. This transaction will strengthen Aspire’s existing Product Engineering Services portfolio with the capability to design and optimize hardware products announced the press release. Aspire will add 15 new customers to its portfolio and increase its revenue by 20%.
Aspire Systems will now be able to offer new Engineering Services capabilities in New Product Development (NPD), Engineering R&D and Computer Aided Engineering (CAE). This transaction will also help Aspire gain a strong foothold in the Automotive, Manufacturing and Medical Device sectors.
Commenting on the transaction, Gowri Shankar Subramanian, Chairman and CEO, Aspire Systems, said, “The top management of SRA Systems will become a key part of Aspire and play critical roles within the organization, helping integrate the teams and driving further growth. Along with many other synergies due to this transaction, we can now count Apple, Forest Labs and Gymboree as our customers!”
Speaking on the occasion, V. Kannan, Joint MD and CEO, SRA Systems, said, “Aspire has strong Product Engineering capabilities with proven solutions for global enterprises. We truly believe that this association will add great value to our existing customers. We will now have a broader portfolio of services for our customers and also open up new career opportunities for our employees.”
