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Blackstone Portfolio Company R Systems Acquires Velotio, A Leading Product Engineering And Digital Solutions Company

PRIVATEJun 07, 2023

Acquiring Company

R Systems

Acquired Company

Velotio

United KingdomInformation TechnologySoftwareArtificial IntelligenceAnalyticsInformation TechnologySoftwareConsulting

Description

R Systems (NSE: RSYSTEMS) (BSE: 532735), a leading digital product engineering company, today announced that it has signed definitive agreements to acquire Velotio, an India-based product engineering and digital solutions provider.

Quick answer

R Systems is acquiring Velotio, announced June 7, 2023. R Systems is based in United Kingdom.

How much did R Systems pay for Velotio?
The deal value was not disclosed.
What does R Systems do?
R Systems is a leading digital product engineering company that designs and builds next-gen products, platforms, and digital experiences, empowering clients across various industries to overcome digital barriers, put..
Where are R Systems and Velotio based?
R Systems is based in United Kingdom.

Source: Fundz verified event record.

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Company Information

Company

R Systems

Location

United Kingdom

About

R Systems is a leading digital product engineering company that designs and builds next-gen products, platforms, and digital experiences, empowering clients across various industries to overcome digital barriers, put their customers first, and achieve higher revenues and operational efficiency. We constantly innovate and bring fresh perspectives to harness the power of the latest technologies like cloud, automation, AI, ML, analytics, Mixed Reality, etc. Our 4,400+ technology expeditioners across 26 offices are driven to explore new digital paths, leaving no stone unturned in our quest to deliver business solutions that drive meaningful impact. Our product mindset and engineering capabilities allow us to partner with the key players in the Tech industry, including ISVs (independent software vendors), SaaS companies, and product companies in Telecom, Media, FinTech, InsureTech, and HealthTech verticals. Photo: https://mma.prnewswire.com/media/2095296/R_Systems_Velotio.jpg SOURCE Velotio Technologies

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Frequently asked

Who acquired Velotio?

Velotio was acquired by R Systems, based in United Kingdom. The deal was reported on June 7, 2023. R Systems is privately held and operates in Information Technology.

When did R Systems acquire Velotio?

R Systems's acquisition of Velotio was reported on June 7, 2023. R Systems (NSE: RSYSTEMS) (BSE: 532735), a leading digital product engineering company, today announced that it has signed definitive agreements to acquire Velotio, an India-based product engineering and digital solutions provider. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Velotio do?

Velotio is a product engineering and digital solutions provider working with high growth enterprises across the globe. It is privately held, operating in Information Technology.

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