BWI: Aspire Systems Announces the Acquisition of Versant Technologies

Press release from Business Wire India
Source: Aspire Systems
Monday, December 16, 2013 11:40 AM IST (06:10 AM GMT)
Editors: General: People; Business: Business services, Information technology, Retailers; Technology
--------------------------------------------------
Aspire Systems Announces the Acquisition of Versant Technologies
enhances its existing solution capabilities for the Retail, Distribution and Consumer Goods vertical

Chennai, Tamil Nadu, India, Monday, December 16, 2013 -- (Business Wire India) -- Aspire Systems, a global technology services firm with a strong focus on Independent Software Vendors and the Retail, Distribution & Consumer Goods vertical, today announced the completion of its acquisition of Versant Technologies, a Hyderabad-based technology company with an in-depth experience and specialization in Oracle Retail and Electronic Data Interchange [EDI] Implementation. This acquisition will enhance Aspire's existing capabilities for the Retail, Distribution and Consumer Goods vertical, and position Aspire as a leading solutions provider for this vertical.

Versant Technologies' service offerings complement Aspire's services, strengthening the ability to offer deep domain expertise and end-to-end solutions for the Retail, Distribution and Consumer Goods vertical. Aspire's global presence in the US, UK and India combined with Versant's strong presence in Saudi Arabia will cater to the needs of Retailers across the world.

Commenting on the acquisition, Mr. Gowri Shankar Subramanian, Chairman and CEO, Aspire Systems said, "This acquisition is extremely strategic and important to us. Retail is one of the fastest growing industries across the globe and is heavily impacted by the increasing influence of Social Media, Mobility and Analytics. Our comprehensive service offerings for the retail sector combined with Oracle's leadership position among the world's top 20 retailers positions us well to capitalize on the USD 6 billion IT services export market in Retail."

Speaking on the occasion, Mr. Naidu Darapaneni, Founder, Versant Technologies, said, "We are thrilled and excited to be a part of Aspire. One of the first aspects that caught my attention during the early discussions with Aspire is that we share a similar philosophy and culture. With our combined scale and bandwidth, we have all the capabilities required to win and execute larger implementation projects across the globe. I am certain this relationship will add more value to our customers as well as our employees."

Oracle Retail provides a unified view of the business. From in-store operations to supply chain management to human resources, its advanced analytic capabilities transform a company's ability to carry the right items, at the right price, in the right locations. By bringing together people, processes, and technology, Oracle Retail solutions help retail businesses to be more efficient and profitable.

About Aspire Systems

Headquartered in Chennai, Aspire Systems is a global technology services firm with a strong focus on Independent Software Vendors and the Retail, Distribution & Consumer Goods vertical. The company works with some of the world's most innovative enterprises and independent software vendors, helping them leverage technology and outsourcing in Aspire's specific areas of expertise. Aspire's offerings include Product Engineering, Enterprise Solutions, Independent Testing Services and Infrastructure & Application Support Services. The company currently has over 1150 employees and 60 customers globally. The company has a growing presence in the US, UK, India and Middle East. For further information, please visit: http://www.aspiresys.com/

About Versant Technologies

Versant Technologies is a Hyderabad based global software services company established in the year 2000 in US. With an offshore development center in Hyderabad, India, Versant is a Gold partner of Oracle and specializes in the implementation, customization, maintenance and 24x7 support services for the Oracle Retail Suite of solutions. Versant's robust Oracle Retail Practice provides end-to-end services to the Retail industry including Store Operations, Merchandising Operations, SCM and Planning Suite. Versant also has a long and strong history of Electronic Data Interchange (EDI)/Enterprise Application Integration (EAI) development and deployment. For further information, please visit: http://www.versantinc.com/index.asp


CONTACT DETAILS
Kanchana Rajagopalan, Aspire Systems, +91 (44) 67404000, kanchana.rajagopalan@aspiresys.com
Dinesh Kumaran, Aspire Systems, +91 (44) 67404000, dinesh.kumaran@aspiresys.com
Nikhila Kesavan, 20:20 MSL, +91 9840124036, nikhila.kesavan@2020msl.com
Divya Singh, 20:20 MSL, +91 8552944004, divya.singh@2020msl.com

KEYWORDS
PEOPLE, BUSINESS SERVICES, IT, RETAIL, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com