BOSTON, Nov. 30, 2017 /PRNewswire/ — BV Investment Partners (“BV”), a middle-market private equity firm focused on the business services and IT services sectors, today announced a majority investment in Apps Associates, a global IT services organization focused on supporting mission-critical business applications and on helping facilitate enterprise customers’ digital and cloud transformation initiatives. The existing management team will maintain a considerable ownership in Apps Associates.
Founded in 2002 and headquartered in Acton, MA, Apps Associates is a rapidly growing, IT services business that specializes in implementing, optimizing and maintaining complex ERP, business intelligence, and cloud applications. The Company has long-standing partnerships with several leading technology companies, such as Oracle, Amazon Web Services (AWS) and Salesforce. By leveraging its global delivery platform with over 800 employees spanning the U.S., Europe and India, Apps Associates delivers on its commitment to provide “extreme expertise” around business-critical applications. Apps Associates has nearly 200 active enterprise customers serving life sciences, manufacturing and distribution, technology and business services industries among others.
Sridhar Bogelli, CEO and Founder of Apps Associates, said, “We have positioned Apps Associates as a trusted partner that can support our enterprise customers’ journey to the cloud as it relates to their most mission-critical business applications. We were careful in selecting a partner with the right experience in our sector, who can bring new ideas to the table and help us build upon the strong foundation already in place. BV distinguished itself early on. We are very aligned in our vision and objectives, including first and foremost continuing to deliver exceptional value to our customers and enabling our associates to grow their careers.”
Matt Kinsey, Managing Director of BV, said, “Apps Associates has established a strong market reputation due in part to its differentiated suite of forward-leaning, application services. The team has migrated complex ERP systems and associated applications from on-premise environments to the public cloud. They are also a leading partner helping customers deploy and leverage the Oracle ERP Cloud. We and management have ambitious plans for the future, including organic growth initiatives and strategic M&A.”
Sean Wilder, Principal of BV, said, “We are excited to align ourselves with another great management team and business that participates in attractive and growing segments of the broader IT services industry. We have worked collaboratively with the Apps Associates team to formalize a long-term strategic growth plan, and we’re looking forward to working with