Aspire Systems has acquired a majority stake in RapidValue Solutions, a leader in digital product engineering services and solutions. This acquisition will enable Aspire to strengthen its capabilities in Digital Engineering, which is a key area of focus for Enterprises and ISVs as they try to accelerate their digital transformation initiatives in these uncertain times.
Speaking on the occasion, Rajesh Padinjaremadam, CEO, RapidValue Solutions, said, “This is a significant milestone in our growth. This transaction with Aspire will help us in scaling our services to a global footprint and offering transformative digital engineering solutions in the marketplace. Both Aspire Systems and RapidValue have been certified as a Great Place to Work®, and this reiterates our shared philosophy of providing a growth-conducive workplace for our employees with an unwavering focus on customer success. We strongly believe that this partnership will help us grow faster while leveraging Aspire’s capabilities and cross-selling their services to our customers.”
As part of this agreement, Aspire Systems is buying out the entire stake of Helion Ventures to become the majority shareholder. “As a fast-growing player in the Digital space, we feel Aspire Systems is the right strategic partner to take RapidValue Solutions to the next level of growth.” said Dr. Ashish Gupta, Senior Managing Director, Helion Venture Partners.
Commenting on the acquisition, Gowri Shankar Subramanian, Chairman and CEO, Aspire Systems said, “The founders of RapidValue have built a fundamentally strong and differentiated organization, and we are coming in at the right time as the company switches gears for the next phase of growth. With this acquisition, we will be able to take further steps towards our growth objective of doubling revenues in 3 years by gaining additional engineering strength, sales, and leadership capabilities. The most interesting aspect for us is the fact that both companies have a high-degree of focus on people and are operating at the leading edge of technology. This combination will help us stay ahead and enable us to continue providing a compelling value proposition to our current and future customers.”
Aspire and RapidValue plan to continue operating as independent entities, but with deep collaboration between the organizations and expect the opportunity to integrate operations fully after a few years. The transaction is expected to provide a significant impetus to Aspire’s growth journey towards its goal of $200 million revenues in 3 years.
About Aspire Systems:
Aspire Systems is a global technology services firm, serving as a trusted technology partner for more than 150 customers across the globe. The company works with some of the world’s most innovative enterprises and software product companies, helping them leverage technology to transform their business in the current digital landscape. Aspire’s proven approach to Software Engineering & Digital Technologies help companies to run smart business models. The core philosophy of ‘Attention. Always.’ communicates Aspire’s belief in lavishing care and attention to customers and employees. The company currently has over 3,000 employees globally and is CMMI Level 3 certified. Aspire operates across North America, Europe, Middle-East and Asia-Pacific and has been recognised for the 11th time in a row as one of the Top 50 ‘Best Companies to Work For’ by the Great Place to Work® Institute.
For more information visit: https://www.aspiresys.com/
About RapidValue Solutions
RapidValue is a global leader in providing digital product engineering solutions including Mobility, Cloud, Omni-channel, IoT, and RPA to enterprises worldwide. RapidValue offers its digital services to the world’s top brands, Fortune 1000 companies, and innovative emerging start-ups. With 400 employees spread across offices in the United States and developments centers in India at Kochi and Bangalore, RapidValue delivers enterprise services and solutions across various industry verticals.
For more information, please visit https://www.rapidvaluesolutions.com/
For further details, please contact:
| Raghu Raghavan, Aspire Systems | Nikhila Kesavan, 20:20 MSL98401 24036 | nikhila.kesavan@2020msl.com Bhaswati Deb, 20:20 MSL8438148810 | bhaswati.deb@2020msl.com |
