Vog app developers to spend up to $20 million investing or acquiring tech companies
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Vog App Developers is aiming to spend between $10 million and $20 million over the next 18 months, says CEO Vince O’Gorman. The aggressive growth phase will include a combination of investments, strategic partnerships and acquisitions.
“Our plan is to become the largest custom software development company in Canada,” says O’Gorman. “With the explosive growth of our business over the past few years, the rapid acceleration of digitalization driven by the COVID-19 pandemic, and a booming tech scene in Canada, we believe now is the time to expand our business and deepen our impact.
This ambitious next step comes after a decade of extraordinary growth for the company, which has grown from a team of two employees to 90 today. It also acquired a development company in Mexico, and revenues have grown 200% every year for the past five years.
“The most effective way for us to achieve our growth ambitions is to acquire additional companies. This will be our goal over the next 18 months.
Target innovative technology companies ready to scale
O’Gorman and other members of the Vog App Developers team will meet with both investors and startups/scaleups at the Collision conference in Toronto, taking place June 20-23, 2022.
Collision is Canada’s largest technology conference with over 33,000 people expected to attend this year’s event. Attendees run the gamut from thought leaders to expert speakers and celebrities, to tech enthusiasts.
For Vog app developers, one of the main goals of the conference is to connect with innovative early-stage and growth-stage technology companies, as well as financial partners and established technology players who can accelerate their development. growth through strategic partnerships.
“We are excited to build new relationships with investors, technology providers and meet some of the companies in attendance working at the cutting edge of technology,” says O’Gorman.
He says the company intends to invest not only in developer stores, but also in other technology companies that will expand Vog App Developers’ offerings.
Vog app developers focus on crypto, AI and networks
Vog App Developers is currently targeting companies that work in the payments space – specifically in cryptocurrency, machine learning, artificial intelligence, blockchain, and those that develop “marketplaces on marketplaces “.
“We look for companies that have solved problems. That means they’re in the exploitation stage or, at a minimum, they have a proof of concept,” says O’Gorman.
“We are also looking for companies that want to accelerate their growth like we did at Vog App Developers. This means increased opportunities and revenue for businesses, of course, but it also means increased opportunities for their employees to learn and grow personally. It is important that our employees have dynamic and extensive career paths at Vog and this is something we want to offer also to people in the companies we acquire.
This new phase of growth builds on some recent work by Vog App Developers partnering with clients on original projects.
O’Gorman gives an example: “One of our clients had an idea for the clean energy sector. It was just an idea, and it was outside the scope of the work we usually do with this client. But we decided to pilot the idea with the client and create this little side project.
“Fast forward 18 months and our client now has $7 million invested in this idea that we helped develop with him. This is the kind of exciting thing we can do with our clients, and soon, our investment partners and acquired companies.
This article originally appeared on Vog App Developers as part of its Digital Product Development series. To discuss custom apps and mobile apps, contact Vog App Developers.