Denver Enterprise App Developer Acquires Indian Software Shop
DENVER – August 12, 2015 – AppIt Ventures, a full-service enterprise mobile application developer based in Denver, today acquired Bravemount IT Solutions in Hyderabad, India, creator of hundreds of applications and user interface/experience designs for customers around the world.
“Our acquisition of Bravemount helps achieve our goal to bring cost-effective, custom solutions to today’s new generation of small business and enterprise clients willing to adopt new technology,” said AppIt Ventures CEO Rob Carpenter. “For companies who need to gain competitive advantage and drive customer engagement, we’re now able to leverage the best developers at the most affordable rates.”
Terms of the deal, though not disclosed, resulted in the Denver company growing into a significantly larger organization with more clients and employees. Now with approximately 30 total developers and contractors, AppIt Ventures’ principals, senior developers and designers have equity stakes in the larger entity with opportunities for long-term earn-outs.
“By having significantly lower rates in a market saturated with expensive development, we can make top-notch design and programming affordable to our clients,” said Carpenter. “This is especially useful at a time when everything is becoming Internet enabled – where the Internet of Things and Predictive Analytics intersect at all points, from inventories and real-time supply chain management, to location-aware distribution, deliveries and customer service. We can profitably translate business needs by architecting custom solutions at the most effective price points.”
With strategic focus on long-term, enterprise client relationships and large, complex projects, AppIt Ventures closed its first funding round led by angel investors H. Leigh Severance and Mike Barish in late 2013.
“Our team of experienced developers brings years of expertise and hundreds of successfully completed apps,” said Vamsi Reddy, who co-founded Bravemount in 2009. “By becoming part of AppIt Ventures, we close the loop on improving the sales side of our business and create a tremendous growth opportunity as one company.”
About AppIt Ventures Based in Denver, AppIt Ventures is a full-service software developer specializing in small business and enterprise mobile applications, databases and APIs for devices including iPhone, iPad, Android and Windows. Founded and managed by entrepreneurs and business experts, AppIt Ventures translates business needs into engaging customer and employee mobile solutions. For more information please visit https://appitventures.com.
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