St. Louis-based World Wide Technology has acquired local software company Asynchrony.
WWT is a systems integrator that has 3,500 employees and had nearly $7 billion in revenue last year. Asynchrony, which is based in downtown St. Louis, has about 250 employees and will do about $40 million in revenue this year.
WWT Chief Financial Officer Tom Strunk says over the last five years his company has been investing to help simplify customers’ technology infrastructure.
"And as we were going through this, one piece to the puzzle that we were missing was really that end user, customer-facing, software development and really custom application piece of it," he said.
Strunk says Asynchrony will now allow them to offer solutions to customers, from the underlying infrastructure to the user-facing software.
WWT bought Asynchrony for an undisclosed amount from Virginia-based Schafer Corporation. That company had acquired Asynchrony in 2010.
Strunk said Asynchrony will now be called WWT Asynchrony Labs and will remain in its current downtown office space.
He said both World Wide Technology headquarters and Asynchrony will need room to expand.
"We think the market we’re in from a technology perspective is a great place to be in," Strunk said. "It’s changing quickly, but we expect to continue to grow over the long term."
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