Applications Software Technology

Naperville, United States Founded: 1995 • Age: 31 yrs Acquired By Recognize
Cloud-based enterprise integration and digital transformation services are provided.

About Applications Software Technology

Applications Software Technology is a Technology company based in Naperville (United States) founded in 1995 by Pravin Kumar, and was acquired by Recognize in January 2022. It operates as a cloud-based enterprise integration and digital transformation services are provided. The company has 447 employees. Applications Software Technology has completed 4 acquisitions, including 9EDGE, CTR World and Serene Corp. Its Indian entity Application Software Technologies Private Limited reported revenue of β‚Ή130 Cr. Its focus areas include Business Services, ERP Services and Horizontal.

Company details

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.

Key Metrics
  • Annual Revenue
    ₹130 Cr

    FY 2025 · +3% YoY

  • Net Profit
    ₹11.03 Cr

    FY 2025 · 8% margin

  • EBITDA
    ₹15.59 Cr

    FY 2025 · 12% margin

  • Investors
  • Employee Count
    447
  • Investments & Acquisitions
    9EDGE

    & 3 more

  • Acquired by
    Recognize

    (Jan 2022)

Funding Insights of Applications Software Technology

  • Total Rounds 1
  • Investors Count 1

All 1 funding rounds of Applications Software Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2017–Private Equity Round–Tailwind Capital
–
Valuation history

2 investors in total: 2 institutional.

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.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
PE firm investing in the US
2003tailwind.comNew York, United States
Technology companies are funded by Recognize through venture capital investments.
–recognize.comNew York, United States
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Investor details for Applications Software Technology

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Board of directors of Application Software Technologies Private Limited (Applications Software Technology)

Application Software Technologies Private Limited is the primary company behind Applications Software Technology. The board of Application Software Technologies Private Limited currently have 2 directors; the longest-serving is Akila Vasudevan, appointed in 2025. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Akila Vasudevan
DIN 09494720
Director18 Sep 20251 yrApplication Software Technologies Private Limited
Vaibhav Sharad Gomkale
DIN 10927488
Director18 Sep 20251 yrApplication Software Technologies Private Limited

People of Applications Software Technology

97 people are tracked at Applications Software Technology (31 in leadership, 66 in team); the tracked headcount is 447.

NameRoleGroup
FounderLeadership
Prasad Nettem
Senior Vice President, Cloud ApplicationsLeadership
Elliott Robbins
Senior Director, Pre-sales SalesforceLeadership
Sharlena Coles
Global Director, HCM Center Of ExcellenceLeadership
Paul Sharpe
Vice President; Commercial PresalesLeadership
Sanford Kaufman
Regional Sales DirectorLeadership
Venkat Rangachari
Director Service Delivery - Oracle Cloud ERPLeadership
Justine Sloyer
Global Director, Talent ManagementLeadership
Sreenivasa Etla
Senior Director - Global Cloud Applications, AST LLCLeadership
Arihant Dutt
CRM DirectorLeadership
Frank J Smith
Vice PresidentLeadership
Jagadeesh Parvathaneni
DirectorLeadership
Ajit Sathaye
VP, Pre SalesLeadership
Suneel S.
Sr Global Talent PartnerLeadership
Melissa Sider
VP, Marketing & CommunicationsLeadership
Bernard Doyle
Vice President, OperationsLeadership
Teresa Stanula
VP, Human ResourcesLeadership
Jill Lahanis
Human Resources DirectorLeadership
Sapana Suresh
Senior Director Human ResourcesLeadership
Sarthy Vadnerkar
Director, Marketing & PresalesLeadership

77 more people are available in the full profile.

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Financials of Applications Software Technology

Figures of Application Software Technologies Private Limited, the primary company behind Applications Software Technology, for FY 2025. Revenue was ₹130 Cr (+3% year on year). Net profit was ₹11.03 Cr (8% margin). EBITDA was ₹15.59 Cr (12% margin). Revenue has grown at a compounded annual rate of +1% over three years and +13% over five years.

  • ₹130 CrRevenue · FY 2025 · +3% YoY
  • ₹11.03 CrNet profit · 8% margin
  • ₹15.59 CrEBITDA · 12% margin
  • ₹1 LakhPaid-up capital
  • 447Employees (provident fund records)
  • +1%Revenue CAGR, 3 years
  • +13%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Application Software Technologies Private Limited are on its company page.

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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.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
ERP consulting services are provided for business optimization needs.
symatrix.comManchester, United Kingdom2000May 2024β€’β€’β€’β€’
Provider of ERP cloud and digital supply chain services
9edge.coIrvine, United States2014May 2023β€’β€’β€’β€’
ERP cloud services are provided to enterprises from Irvine.
ctrworld.comIrvine, United States1998Jan 2023β€’β€’β€’β€’
Provider of cloud services
serenecorp.comLisle, United States2003Sep 2015β€’β€’β€’β€’
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Timeline of Applications Software Technology

7 dated milestones of Applications Software Technology across 29 years, from founding to its latest funding, stage changes and deals.

  1. Founded Applications Software Technology is founded.
  2. Acquisition Acquires Serene Corp.
  3. Funding First funding round.
  4. Exit Acquired by Recognize.
  5. Acquisition Acquires CTR World.
  6. Acquisition Acquires 9EDGE.
  7. Acquisition Acquires Symatrix.

Web traffic of Applications Software Technology

The website of Applications Software Technology (astcorporation.com) receives about 3.4K visits a month.

  • Monthly visits
    3.4K

    ▼ 4.5% vs previous month

Similar websites

Websites whose visitors overlap most with Applications Software Technology. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
coresys.com
coresys.com
100%
–#2,792,324–
ast-science.com
96%
147.8K#282,842View details
glassdoor.com
66%
30.5M#1,976View details
ast-corp.net
63%
–#10,734,332View details
sswaro.wordpress.com
sswaro.wordpress.com
59%
–––
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in ERP & Enterprise Software Services

10 companies that operate in the same segment as Applications Software Technology (ERP & Enterprise Software Services), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Provider of essential services for merchants including business management, customer analysis, and payment services
2016Seoul, Seoul, South KoreaUSD 131.97 M–172
Offers IT consulting, cloud technologies, data automation, AI, and engineering services worldwide.
2004Hyderabad, Telangana, India––895
Offers SEO and digital marketing services for business growth online.
2006Delhi, Delhi, India–USD 4.36 M144
End-to-end solutions for software businesses are provided.
1989Austin, Texas, United States–––
ERP services are provided by sa.global since 1990.
1990Marietta, Georgia, United States–––
Cloud-based enterprise business management software provider
2004Vaihingen An Der Enz, Baden-wurttemberg, Germany–USD 8.37 M77
Governance and compliance services are provided to franchise operations.
1997Virginia Beach, Virginia, United States–USD 4.4 B6,535
Provider of ERP consulting services
2009Plano, Texas, United States––264
SAP and managed services are provided by Lemongrass.
2008Ewing Township, New Jersey, United States–USD 2.17 M172
Provider of ERP consulting services
2007Castle Donington, United Kingdom––38
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Related news about Applications Software Technology

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Frequently Asked Questions about Applications Software Technology

Applications Software Technology was founded in 1995 and raised its 1st funding round 22 years after it was founded.

Applications Software Technology is headquartered in Naperville, United States. It is registered at Naperville, Illinois, United States.

Applications Software Technology has 447 employees.

The primary company behind Applications Software Technology, Application Software Technologies Private Limited, reported revenue of β‚Ή130 Cr for FY 2025, up 3% year on year.

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.

Applications Software Technology has made 4 acquisitions, including 9EDGE, CTR World, and Serene Corp.

Applications Software Technology has 2 investors. Key investors include Tailwind Capital, and Recognize.

Applications Software Technology operates through Application Software Technologies Private Limited.

Yes. Applications Software Technology was acquired by Recognize in January 2022.

The legal entities of Applications Software Technology currently have 2 directors, including Akila Vasudevan, Vaibhav Sharad Gomkale.

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