R Systems completes acquisition of WebConverse

1135 Investors following R Systems Intl. Share this News with them.

0

Like this story, share it with millions of investors on M3

R Systems completes acquisition of WebConverse

R Systems completes the acquisition of WebConverse. A US based technical support company for 10.7 million USD

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See latest News about R Systems Intl See previous management interviews See what other Experts & Brokerages are saying about R Systems Intl R Systems Intl BSE | NSE 25/05/12 Are Mutual Funds betting on R Systems Intl?

R Systems International Ltd. (NSE: RSystems) one of the leading providers of outsourced product development and customer support services today announced that it completed the acquisition of WebConverse. As previously announced WebConverse is a technical support company with operations in Salt Lake City, US serving the high technology sector with special focus on the growing mobile applications market. WebConverse achieved revenues of US$ 5.1 million in calendar year 2005. The estimated value of the transaction will be a maximum of $10.7 million inclusive of earn out payments.

"We are pleased to announce the completion of this acquisition and we are very delighted to welcome the employees and clients of WebConverse into the R Systems' family," said Rekhi Singh, CEO of R Systems. He added, "The combination strengthens our capability in providing multi-shore technical support services and provides a solid foundation to provide end-to-end solutions and services to the high technology sector."

Sourced From: Concept Public Relations India Pvt. Ltd