May 30, 2001

AppsTech to buy Vienna systems integrator

Sean Madigan Staff Reporter

Application Technologies, a Bethesda, Md.-based corporate and government IT consulting firm, is acquiring Apprio, a systems integrator in Vienna, Va.

The private companies did not disclose financial terms, but an AppsTech spokesman says it is not an all-cash deal. AppsTech will acquire Apprio's assets and assume all "obligations" to its current employees and clients.

Company officials say the acquisition will help AppsTech expand its international presence, especially because of Apprio's "strong" ties to Asia and Latin America.

An Oracle-based systems integrator, Apprio focuses on the telecommunications, financial services and education markets. Its clients include Global One, Net2000, Global Telesystems, the Centers for Disease Control and the U.S. Census Bureau.

The companies did not say when they expect the deal to close.