Aspire to become the majority shareholder in RapidValue Solutions
Category: #business  By Pranali Mehta  Date: 2020-07-02
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Aspire to become the majority shareholder in RapidValue Solutions

Global IT services provider Aspire Systems has reportedly announced that it has bought a majority stake in RapidValue Solutions, a leading provider of digital product engineering solutions. This deal involves the purchase of Helion Ventures’ entire shares by Aspire Systems, making it the majority stakeholder in RapidValue Solutions.

According to Gowri Shankar Subramanian, the Chairman and CEO of Aspire Systems, RapidValue is a fundamentally strong and differentiated organization, and the company has taken the right step with this acquisition as it intends to switch gears for the next phase of growth. She has further added that both the companies are highly people-centric and are currently operating at the leading edge of technology. This collaboration will be beneficial for both the companies and will enable them to deliver a compelling value proposition to its customers, added Subramanian.

Dr. Ashish Gupta, the Senior Managing Director at Helion Venture Partners, has stated that the company believes that Aspire Systems is the right strategic partner to scale RapidValue Solutions to the next level of growth as it has been a rapidly growing player in the digital space.

Sources claim that this acquisition will enable Aspire Systems to strengthen its capacities in the digital engineering arena which has emerged as the prime focus for ISVs and enterprises for enhancing their digital transformation programs in these uncertain times.

The CEO of RapidValue Solutions, Rajesh Padinjaremadam, has stated that the deal with Aspire Systems is a significant milestone for the company and will help to expand its services to a global footprint and ensure the provision of transformative digital engineering solutions. He has further stated that this partnership will help the company to grow faster via leveraging Aspire System’s IT capabilities.

As per sources, Aspire and RapidValue have planned to operate as independent entities and expect the opportunity to integrate their functioning in the coming years. The transaction is expected to fuel Aspire’s growth journey and its vision of rising to a $200 million valuation in 3 years, added Subramanian.

 

Source Credits:

https://economictimes.indiatimes.com/markets/stocks/news/aspire-systems-acquires-a-majority-stake-in-rapidvalue-solutions/articleshow/76722716.cms

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Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

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