Tech Explained: Here’s a simplified explanation of the latest technology update around Tech Explained: Eastvantage invests in Looming Tech to scale pragmatic AI solutions in Simple Termsand what it means for users..
MANILA, PHILIPPINES, and SOFIA, BULGARIA — Eastvantage, a global business process outsourcing (BPO) company, has made a strategic investment in Looming Tech, a Bulgaria-based software engineering and artificial intelligence firm, to combine global delivery scale with deep technical expertise.
The transaction integrates Looming Tech’s specialized engineering talent into Eastvantage’s operational framework, allowing the combined entity to help clients design, build, and scale digital solutions focused on measurable business outcomes rather than experimental innovation.
Kamal Asarpota, Chief Executive Officer (CEO) of Eastvantage, notes, “Our clients are looking for technology that solves real business problems, not innovation for innovation’s sake.”
Eastvantage’s expansion of technology and AI capabilities
The investment will further augment Eastvantage’s digital services by bringing the core capabilities of Looming Tech to address complex business issues through high-quality software engineering and the implementation of artificial intelligence in real-world applications.
Eastvantage, the technology-powered business services provider focused on global-scale delivery and customer proximity, will modernize their systems and adopt AI responsibly, without introducing complexity to their operations.
The companies will use this step to deliver dedicated technology teams that can bring clients to the stage of business necessity to be executed, and to work on efficiency and result-oriented delivery, rather than incremental innovation.
Asarpota highlighted that clients’ demand is for technology that addresses real business challenges. He notes, “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.”
The partnership is structured to help clients scale digital solutions faster and more efficiently by merging Eastvantage’s operational excellence with Looming Tech’s specialized engineering focus.
Leadership integration and operational continuity
Looming Tech will maintain its existing leadership and engineering culture while operating under Eastvantage’s global platform and long-term growth strategy, ensuring continuity for its current staff and clients.
As part of the agreement, Stefan Minchev, CEO of Looming Tech, has assumed the additional role of Chief Technology Officer at Eastvantage, a move intended to align engineering excellence with client outcomes under a unified technology vision.
Additionally, David Bone, the London-based Co-founder of Looming Tech, will take on a business development role for the Eastvantage group in the United Kingdom, where Eastvantage already maintains a significant client base.
For Looming Tech’s staff, the integration provides access to a wider portfolio of global clients, long-term career development opportunities, and the stability of a larger international organization.
For Eastvantage’s existing clients, the transaction expands access to specialized technology and AI capabilities designed to complement current service models and support sustainable growth.
According to Minchev, Looming Tech was established on the concept that technology should add value when teams own the problem and the result, making the company a long-term technology partner responsible for the entire lifecycle of the problem to the result.
He further stated that the requirement for larger, more complex engagements demanded a larger platform, which Eastvantage offers today through its global coverage, operational scale, and shared ability to deliver pragmatically.
“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,” Minchev said.
Eastvantage ranked #245 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies. The 2026 edition of the OA500 is expected to be released soon. (Read the OA500 2026 methodology paper here.)