May 30, 2001

AppsTech to acquire ASP
Combined entity to target overseas markets.

By Mark Mehler, Sm@rt Partner

Consolidation in the consulting and application service provider markets continues to pick up steam.

On Wednesday, AppsTech. (AppsTech), a Bethesda, Md.-based consultancy, said it has agreed to buy Apprio Inc., an ASP and systems integrator, for an undisclosed consideration.

AppsTech said the acquisition will drive its global expansion, via Apprio's existing customer relationships in Asia and Latin America, and will add applications hosting to AppsTech's services portfolio.

Apprio, whose hosted solutions are based on Oracle's E-Business Suite 11i, focuses on the telecommunications, financial services and education markets. Its customers include Global One, The Centers for Disease Control and Prevention, and the U.S. Census Bureau.