About Applications Software Technology
Applications Software Technology is a company based in Naperville (United States) founded in 1995 by Pravin Kumar was acquired by Recognize in January 2022.. The company has 447 employees as of April 10, 2024. Applications Software Technology has completed 4 acquisitions, including 9EDGE, CTR World and Serene Corp.
- Headquarter Naperville, United States
- Employees 447 as on 10 Apr, 2024
- Founders Pravin Kumar
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Application Software Technologies Private Limited
- Date of Incorporation 13 Jul, 2011
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$15.22 M (USD)73.26as on Mar 31, 2022
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Net Profit
$1.54 M (USD)106.99as on Mar 31, 2022
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EBITDA
$2.08 M (USD)76.87as on Mar 31, 2022
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Latest Funding Round
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Investors
Tailwind Capital
& 1 more
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Employee Count
447
as on Apr 10, 2024
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Investments & Acquisitions
9EDGE
& 3 more
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Acquired by
Recognize
(Jan 24, 2022)
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Funding Insights of Applications Software Technology
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Private Equity Round - Applications Software Technology | Valuation | Tailwind Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Applications Software Technology
Applications Software Technology has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tailwind Capital and Recognize. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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PE firm investing in the US
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Founded Year | Domain | Location | |
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Technology companies are funded by Recognize through venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Applications Software Technology
Applications Software Technology has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include 9EDGE, CTR World and Serene Corp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of ERP cloud and digital supply chain services
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2014 | ||||
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Provider of cloud services
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2003 | ||||
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ERP consulting services are provided for business optimization needs.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Applications Software Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Applications Software Technology Comparisons
Competitors of Applications Software Technology
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Applications Software Technology
Frequently Asked Questions about Applications Software Technology
When was Applications Software Technology founded?
Applications Software Technology was founded in 1995 and raised its 1st funding round 22 years after it was founded.
Where is Applications Software Technology located?
Applications Software Technology is headquartered in Naperville, United States. It is registered at Naperville, Illinois, United States.
How many employees does Applications Software Technology have?
As of Apr 10, 2024, the latest employee count at Applications Software Technology is 447.
What is the annual revenue of Applications Software Technology?
Annual revenue of Applications Software Technology is $15.22M as on Mar 31, 2022.
What does Applications Software Technology do?
Founded in 1995 and based in Naperville, United States, the company operates in the information technology sector, focusing on cloud-based solutions. Enterprise system integration and digital transformation services are delivered, including cloud assessments, application implementations, and managed solutions across platforms such as Oracle, Salesforce, and NetSuite. Support is extended to various industries for cloud migrations, system modernizations, and implementations of ERP, CRM, and HCM systems, along with testing and integration.
How many acquisitions has Applications Software Technology made?
Applications Software Technology has made 4 acquisitions, including 9EDGE, CTR World, and Serene Corp.
Who are Applications Software Technology's investors?
Applications Software Technology has 2 investors. Key investors include Tailwind Capital, and Recognize.
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