May 30, 2001

AppsTech Acquires Apprio

 By Alex Daniels, Washington Techway Staff Writer 

Looking to establish a beachhead in Asia and Latin America, Application Technologies Inc. (AppsTech), a Bethesda information technology consulting company, said today it will acquire Vienna systems integrator Apprio Inc. 

Terms of the deal were not disclosed, but AppsTech CEO Rebecca Enonchong said the purchase price included cash and future royalties. 

Enonchong, who will keep her position in the combined company, said the merger will not result in job losses. "There will be no layoffs at all," she said. "There is no duplication of responsibilities," between the two companies, which will have a combined workforce of 60 employees. 

Currently, there are no plans to shut down Apprio's Vienna office, which has just five employees. 

Enonchong, who is also the founder of the Africa Technology Forum, a networking group of African technology executives, said Apprio CEO Darryl Britt would remain with the company, but his exact function was undetermined. "We have not yet completely decided what his title will be," said Enonchong. 

Apprio is listed on the General Service Administration schedule of government contractors. In addition to Apprio's coveted government work, Enonchong said the acquisition made sense because of Apprio's presence in Asia and Latin America. "We don't have any experience or exposure in those markets," she said. The company is looking at opening a Latin America office, but Enonchong didn't provide out a specific timeline for expansion. 

In addition to its Bethesda headquarters, AppsTech has offices in the United Kingdom, Paris, Cameroon and Canada.