The acquisition will help Aspire strengthen its capabilities in the digital engineering segment.

US and Chennai based global technology services firm Aspire Systems acquired a 70 per cent stake in Bengaluru headquartered digital transformation services company RapidValue IT Services for an undisclosed amount.

The acquisition will help Aspire strengthen its capabilities in the digital engineering segment, which it says has become a key focus area for enterprises and independent software vendors looking to accelerate their digital transformation initiatives in these uncertain times.

Gowri Shankar Subramanian, Chairman and CEO, Aspire Systems, said: “With this acquisition, we will be able to take further steps towards our growth objective of doubling revenues in three years by gaining additional engineering strength, sales, and leadership capabilities.”

Aspire and RapidValue plan to continue operating as independent entities and expect the opportunity to integrate operations fully after a few years.