Eastvantage Invests in Looming Tech to Accelerate Technology and Pragmatic AI Solutions for Global Clients

Eastvantage, a global provider of technology‑enabled business services, today announced its strategic investment in Looming Tech (LT), an European‑based technology company specializing in solving complex business challenges through high‑quality software engineering and the practical application of artificial intelligence.

The transaction strengthens Eastvantage’s technology and digital capabilities, combining its global delivery scale, operational excellence, and client proximity with Looming Tech’s deep engineering expertise and access to highly skilled technology talent in Eastern Europe. Together, the companies will help clients design, build, and scale digital solutions that deliver measurable business outcomes—faster and more efficiently.

As organizations face increasing pressure to modernize systems, adopt AI responsibly, and scale without adding unnecessary complexity, the combined capabilities enable clients to move seamlessly from business need to execution, supported by dedicated technology teams and outcome‑driven delivery.

“Our clients are looking for technology that solves real business problems, not innovation for innovation’s sake,” said Kamal Asarpota, CEO of Eastvantage. “By combining with Looming Tech, we significantly strengthen our ability to deliver practical, high‑impact technology solutions. Looming Tech’s strong engineering DNA and access to top‑tier tech talent allow our clients to adopt AI and modern platforms in a pragmatic, efficient way that delivers value today.”

Looming Tech will continue to operate with its existing leadership and engineering culture, now backed by Eastvantage’s global platform and long‑term growth strategy. As part of the agreement, Stefan Minchev, CEO of Looming Tech, will also take on the role of Chief Technology Officer at Eastvantage, strengthening the company’s technology vision and ensuring close alignment between engineering excellence and client outcomes. David Bone, London-based co-founder of Looming Tech, will take on the business development role for the Eastvantage group in the UK, where Eastvantage already caters for an impressive and loyal client base.

“Looming Tech was founded on a simple conviction: that technology creates value only when teams take full ownership of both the problem and the outcome,” said Stefan Minchev, CEO of Looming Tech and Chief Technology Officer of Eastvantage.

“From the beginning, we positioned ourselves not as vendors, but as long-term technology partners—accountable from concept through execution. As demand for larger, more complex, and higher-impact engagements grew, it became clear that scaling this model required a broader platform. Eastvantage provides exactly that, with global reach, operational depth, and a shared belief in pragmatic, outcome-driven delivery.

Together with Eastvantage, we are uniquely positioned to help clients turn ambition into execution at scale, combining deep engineering discipline with the momentum of a global organization.”

For Looming Tech staff, the initiative provides access to a wider portfolio of global clients, long‑term career development opportunities, and the stability of a larger international organization. For Eastvantage clients, it expands access to specialized technology and AI capabilities that complement existing service models and support sustainable growth.

About Eastvantage

Eastvantage is a global managed services provider enabling businesses to scale with precision through tailored outsourcing solutions aligned with their operations, culture, and strategic objectives. Since 2010, Eastvantage has grown to more than 1,200 professionals across seven global delivery centers, supporting organizations in optimizing costs, accelerating digital transformation, driving innovation, and enabling sustainable growth. Built on measurable outcomes and trusted cross-border partnerships, Eastvantage goes beyond traditional cost-driven outsourcing. The company designs and operates multi-location service models that enhance efficiency, increase agility, and embed accountability, delivering sustainable value, scalable performance, and technology-enabled growth for ambitious organizations worldwide.

About Looming Tech

Looming Tech is a product-driven software engineering company founded by senior engineers with expertise in building scalable, production-ready platforms and AI-enabled systems. Based in Bulgaria, Looming Tech focuses on solving real business challenges through disciplined architecture, structured data integration, and pragmatic AI implementation.