May 30, 2001

AppsTech Acquires Apprio
Roy Mark

Multi-national IT consultant AppsTech. (AppsTech), is acquiring Apprio Inc., a full service, Oracle-based application service provider and systems integrator based in Vienna, Va. Under the terms of the agreement, the Bethesda, Md.-based AppsTech will acquire all of Apprio's assets and assume all of its obligations to current employees and existing clients. 

Additional financial terms of the acquisition agreement between the two privately held companies were not disclosed. 

Apprio specializes in the deployment of e-business solutions powered by Oracle's E-Business Suite 11i and focuses on the telecommunications, financial services and education markets. Its clients include Global One, Global Telesystems, Net2000, XML Solutions, the Centers for Disease Control and Prevention, and the U.S. Census Department. 

AppsTech hopes the deal will help drive its global expansion by allowing the company to benefit from Apprio's strong customer relationships and experience in Asia and Latin America. The company also plans to expand its presence in world government markets. 

AppsTech selects, builds, implements and supports e-business solutions for multinational corporations and governments worldwide. The company utilizes industry-leading brands such as Oracle, SAP and PeopleSoft, offering clients a one-stop shop for their IT and other operational needs. With offices in North America, Europe and Africa, AppsTech is staffed with multilingual, multicultural professionals who have expertise in finance, business analysis and information technology.