scorecardresearch
R Systems acquires UK-based firm

R Systems acquires UK-based firm

R Systems will pay an amount of GBP nine million, consisting of an initial payment of GBP 4.25 million and the balance amount over two years linked to performance.

R Systems International, aprovider of outsourced product development, technical and customer supportservices, on Thursday said it has acquired UK-based Computaris Internationalfor GBP nine million (about Rs 65.25 crore).

 

R Systems will pay an amount ofGBP nine million, consisting of an initial payment of GBP 4.25 million and thebalance amount over two years linked to performance, R Systems said in a filingto the Bombay Stock Exchange (BSE).

The acquisition is fundedlargely from internal accruals, it added. Computaris International is asoftware company engaged in the telecom sector and provides billing andreal-time rating solutions.

"The acquisition ofComputaris is a further step to organise our business along industry verticalsand customer focus around key accounts and geographies," R Systems ChairmanRekhi Singh said.

It has operations in the UK, US, Romania,Poland, Moldova, and Malaysia.