AppIt Ventures acquires London based software development company
AppIt Ventures, an American custom software development company that builds cutting-edge, high-quality technology, today announced the acquisition of The App Geeks, a London-based iOS and Android mobile app developer.
The App Geeks specialize in app development for start-ups, small and medium businesses and individuals with ideas aiming to launch their own app.
The acquisition of London-based start-up The App Geeks will enable AppIt Ventures to continue its growth into the U.K. Following the acquisition, AppIt Ventures will establish its first European operation and office in London.
“With some of the world’s best tech talent and a high concentration of highly skilled software developers, London is an ideal destination for US software companies such as AppIt Ventures who are looking to expand into Europe and beyond,” said London Deputy Mayor for Business Rajesh Agrawal.
“Despite the EU referendum vote, London continues to be a leading destination for technology investment and AppIt Ventures' acquisition of London-based start-up App Geeks offers further proof that London remains open for investment, talent and innovation from all over the world.”
AppIt Ventures will purchase all of The App Geeks’ customer and employee contracts and create a new company, called AppIt Ventures Limited. The new company will take over software development and be a direct subsidiary of AppIt Ventures, LLC.
“Our acquisition of The App Geeks provides us with a presence to better serve clients in Great Britain and throughout Europe,” said AppIt Ventures CEO Rob Carpenter.
“We acquired a software development company in India — Bravemount IT Solutions — in 2015 and we are excited to expand our global footprint and establish a presence in Europe with this acquisition.”
The acquisition not only expands AppIt Ventures’ international footprint with offices in three countries, but it also increases the company’s capabilities and bandwidth for development projects. With a strategic focus on software development that encourages brand engagement, drives productivity and increases revenue, AppIt Ventures delivers custom software applications for clients ranging from local startups to the largest cattle auction company in America.
“AppIt is a phenomenal example of how our technology leadership is grown from the root up here in Denver,” said Denver Mayor Michael B. Hancock. “This company has thrived since winning the Denver Office of Economic Development Jumpstart Business Plan Competition in 2012, and this latest acquisition solidifies their ability to service a global clientele from right here in Colorado.”
Rahul Joshi, CEO of The App Geeks, will remain part of the new company, AppIt Ventures Limited, as Head of European Operations. Joshi brings over a decade of experience in the IT industry, providing strategic security expertise for the Royal Bank of Scotland’s mobile apps, including UK and International implementations, across iOS, Android, Windows and Blackberry platforms, which support over 2 million users.
As a cyber security specialist with a particular focus on mobile app security, Joshi organized security testing of mobile banking apps, while advising development teams and project managers on how to securely implement new features. Prior to founding The App Geeks, Joshi was a technology consultant at Accenture. The experienced IT professional earned his master’s degree in information security from Royal Holloway, University of London.
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Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.