About Applied Development
Applied Development is a Technology company based in Brussels (Belgium) founded in 2006, and was acquired by Aspire Systems in April 2014. Software development services are provided for European companies in India. Its focus areas include Business Services, IT Services and Suite.
Company details
Applied Development was founded in 2006 and is headquartered in Brussels, Belgium. IT offshoring services are offered to European clients, with software development conducted in a fully owned center in Chennai, India. A blend of European project management and Indian engineering is employed. Technologies including .Net, Java, Oracle, and PHP are used for small and medium-sized projects in the IT sector.
- Headquarters Brussels, Belgium
- Stage Acquired
- SectorsTechnology
- Website appdev.be/en-us
- Social LinkedIn
- Acquired by Aspire Systems (Apr 2014)
- InvestorsAspire Systems
& 1 more
- Acquired byAspire Systems
(Apr 2014)
Funding Insights of Applied Development
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Applied Development with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2007 | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Applied Development
Applied Development has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Aspire Systems and Gimv.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | 1980 | gimv.com | Antwerp, Belgium | |
Provides IT consulting, software engineering, cloud services, and digital solutions globally. | 1996 | aspiresys.com | Chennai, India |
Investor details for Applied Development
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Applied Development
3 dated milestones of Applied Development across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Applied Development is founded.
- Funding First funding round.
- Exit Acquired by Aspire Systems.
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Frequently Asked Questions about Applied Development
Applied Development was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Applied Development is headquartered in Brussels, Belgium. It is registered at Brussels, Brussels-capital Region, Belgium.
Applied Development was founded in 2006 and is headquartered in Brussels, Belgium. IT offshoring services are offered to European clients, with software development conducted in a fully owned center in Chennai, India. A blend of European project management and Indian engineering is employed. Technologies including .Net, Java, Oracle, and PHP are used for small and medium-sized projects in the IT sector.
Applied Development has 2 investors. Key investors include Aspire Systems, and Gimv.
Yes. Applied Development was acquired by Aspire Systems in April 2014.