Aspire Systems Acquires SRA Systems

Chennai-based technology services firm Aspire Systems Pvt Ltd acquires services division of SRA Systems

Acquires

Seller

SRA Systems

Buyer

Aspire Systems

Focus Sector

Product Engineering

Chennai-based technology services firm Aspire Systems Pvt Ltd is acquiring the services division of SRA Systems for an undisclosed amount, according to a press release. The acquisition is part of Aspire’s efforts to strengthen its product engineering capabilities and acquire marquee customers such as iPhone maker Apple, among others.

The deal will involve transfer of over 120 employees in the services unit and will strengthen Aspire’s presence in the automotive, manufacturing and medical device sectors. With the acquisition, the revenue of Aspire will be increased by 20 per cent, along with 15 new customers that it will add to its portfolio

“This transaction is an extremely strategic step for us as it complements our existing capabilities in product engineering and reinforces our position as a leader in outsourced product development (OPD). The top management of SRA Systems will become a key part of Aspire and play critical roles within the organisation; 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,” Gowri Shankar Subramanian; chairman and CEO, Aspire Systems; said.

“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,” V Kannan, joint managing director and CEO, SRA Systems, said.

Founded by Gowri Shankar Subramanian in 1996; Aspire Systems provides product engineering; enterprise transformation, independent testing services and IT infrastructure support services. It has offices in the US, the UK, Germany and UAE besides India. The firm has over 1 , 150 employees and serves 60 clients globally

About Buyer

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.
www.aspiresys.com

About Seller

SRA 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.
www.srasys.com

Our Transactions and Clients

Acquired By

Emids, a leader in digital engineering and transformation solutions announced the acquisition of Quovantis Technologies.

Acquired By

JLL Acquires ValuD Consulting to Give its Clients Access to Cutting-edge Technologies

Acquired By

L&T Technology Services Ltd, a leading global pure-play engineering services company, has completed the acquisition of Bengaluru-based Graphene, a provider of end to end semiconductor services.

Acquired By

AuthBridge Research Services which offers employee background screening solutions Monday said it has acquired Bengaluru-based Footprints Collateral Services.

Acquired By

Staffing services firm TeamLease Services will acquire 30 per cent stake in job portal Freshersworld.com at an enterprise valuation of Rs 18 crore, a move that will accelerate its hiring strategy.

Raised Series A

Singapore-based startup KaHa has raised US$4.5 million in funding from investors

Acquired By

Saksoft Limited signed an agreement to acquire majority stake in Bengaluru based DreamOrbit Softech Private Limited

Raised Series A

FabAlley raises $2 million in Series A funding round from India Quotient and others

Raised Series A

Two top venture capital firms, SAIF Partners and IDG Ventures India have led a Rs 27 crore round of funding in Bengaluru-based mobile social gaming startup PlaySimple Games.

Acquired By

Staffing firm TeamLease Services Limited today announced signing of a definitive agreement to acquire NichePro Technologies (NichePro) for an enterprise value of about Rs 29.5 crore.

Raised Series A

Reverie Technologies, a Bengaluru-based startup that devises local language solutions for the internet, has raised $4 million in Series A funding from Aspada Investment Company and Qualcomm Ventures.

Raised Series A

YourStory, India’s largest media tech company for entrepreneurs, big and small, today announced its Series A funding led by Kalaari Capital, with participation from Qualcomm Ventures

Acquires

Bengaluru-based ed-tech startup Simplilearn, today announced a $10 million deal to acquire Market Motive.

Raised Series C

Ed-tech startup Simplilearn secures $15M in Series C funding led by Mayfield

Raised Series B

Robosoft Technologies, a leading mobile solutions provider has secured its second round of funding from Ascent Capital

Raised Series A

Aurus Network raised $3 Million from venture capital firms Kalaari Capital and IDG Ventures India for scaling up its product offerings to other competitive exams and speed expansion into newer markets across India.

Acquisition Of Majority

Saksoft Ltd has acquired a 51 per cent stake in ThreeSixty Logica Testing Services, a privately held independent software testing service company, for an undisclosed sum to strengthen testing and quality assurance (QA) service offerings.

Acquired By

Aspire Systems acquired Hyderbad-based software services firm Versant Technology that specialises in Oracle retail solutions for an "undisclosed amount".

Raised Series B

Online education and training startup Simplilearn raises $10M from Helion Venture Partners and existing investor Kalaari Capital

Acquired By

Kellton Tech Solutions Ltd completed the 100% acquisition of Skan Dbydx Software Pvt Ltd

Acquired By

Wirkle, a Gurgaon-based mobile applications development company, has been acquired by San Francisco-based Location Labs, a leading mobile and location-based services firm.

Raised Series A

Khetal Advisors, the sole advisors who helped Simplilearn.com raise capital from Kalaari Capitalto fund its expansion plans in offering world class professional certification training.

Acquired By

Kellton Tech acquired information technology company Tekriti Software Pvt.

Acquired By

Symphony Service Corp, global software product engineering services firm, entered into an agreement to acquire Proteans Software Solutions.

Acquired By

Idhasoft acquired software company Grey Matter India Technologies Pvt.

Acquired By

TechUnified acquired by ORG in for USD 12.5 million.

Acquired By

Communications network major Havas Group has picked up the majority stake in Think Design, a leading independent user experience consultancy and design studio, for an undisclosed sum as part of its inorganic expansion plans for India.

Acquired By

Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company for an enterprise value of Rs 38 crore.

Raised Growth Capital

Marketing automation and customer-relationship platform LeadSquared has raised $3 million (Rs 21 crore at current exchange rate) in a Series A funding round led by Stakeboat Capital.

Raised Series C

B2B foodtech startup Hungerbox raises funds from Paytm as a part of ongoing Series C round.

Acquires

India-based staffing firm TeamLease Services announced that it has purchased a majority stake in India-based IMSI Staffing.

Acquired By

India-based IT and outsourcing company Kellton Tech announced that it has completed the acquisition of Tivix, a US-based firm that develops cloud-connected web and mobile applications.

Raised Series A

A full stack platform to manage Diabetes has raised Series A from Parkview, Leo Capital and Blume Ventures.