St. Louis, MO — The Missouri Department of Economic Development (DED) today announced that World Wide Technology (WWT) will expand its presence in St. Louis through the acquisition of mobile app and software company, Asynchrony Labs. The company has integrated 250 personnel to operate WWT Asynchrony Labs and will create an additional 100 new high-paying jobs over the next two years to further support its operations.
“By expanding its portfolio of services, WWT is elevating its position in the tech sector and strengthening Missouri’s reputation as a top destination for high-tech jobs and innovation,” said Gov. Jay Nixon. “We are proud to partner with WWT and look forward to continuing to build on this success for many years to come.”
WWT, headquartered in St. Louis, has been providing technical services to large public and private organizations since 1990. With the acquisition, WWT will employ 1,900 workers in the St. Louis region, increasing its global employment to more than 3,500.
“In connection with the Asynchrony acquisition and in keeping with our longstanding commitment to being a premier employer in the St. Louis region, WWT is continuing its forward momentum by investing in job creation and growth within the St. Louis Metropolitan area and the State of Missouri,” said WWT’s chief executive officer and co-founder Jim Kavanaugh. “We intend to expand our efforts to attract, train and retain top talent in the area in order to meet evolving customer needs and fulfill our strategy for long-term growth.”
WWT and its affiliated companies have grown from a small product reseller into a global systems integrator, generating $6.7 billion in annual revenue in 2014. This announcement is the company’s second expansion in just the last two years, investing more than $100 million to complete the construction and equipping of its Advanced Technology Center, enhance and expand other facilities and create approximately 200 jobs new jobs in St. Louis. WWT ranked 28th on Fortune’s 2015 100 Best Companies to Work For® list, marking its fourth consecutive year on the list, and also ranked 59th on Forbes’ Largest Private Companies 2014 list.
To assist WWT with its expansion, DED offered a strategic economic incentive package that the company can receive if it meets strict job creation criteria.
World Wide Technology (WWT) is a systems integrator with over $6.7 billion in annual revenue that provides innovative technology and supply chain solutions to large public and private organizations. The company brings to market a powerful blend of knowledge, infrastructure and technology to help its customers explore, evaluate, architect and implement technology products and solutions. Based in St. Louis, WWT works closely with industry leaders including Boeing (NYSE: BA); Dell (NASDAQ: DELL); Cisco (NASDAQ: CSCO); EMC (NYSE: EMC); HP (NYSE: HPQ); AT&T Inc., (NYSE: ATT); VMware; Citrix Systems, Inc.; NetApp, Inc. (NASDAQ: NTAP); Microsoft (NASDAQ: MSFT) and the U.S. Air Force. WWT employs more than 3,500 people and operates over 2 million square feet of warehousing, distribution and integration space in more than 20 facilities throughout the world. For more information about World Wide Technology, visit www.wwt.com.
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