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R Systems acquires Computaris Int'l for GBP 9 mn

Press Trust of India  |  Mumbai 

R Systems International, a provider of outsourced product development, technical and customer support services, today said it has acquired UK-based for £9 million (about Rs 65.25 crore).

R Systems will pay an amount of £9 million, consisting of an initial payment of £4.25 million and the balance amount over two years linked to performance, R Systems said in a filing to the Bombay Stock Exchange (BSE).

The acquisition is funded largely from internal accruals, it added.

is a software company engaged in the telecom sector and provides billing and real-time rating solutions.

"The acquisition of Computaris is a further step to organise our business along verticals and customer focus around key accounts and geographies," R Systems Chairman said.

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

First Published: Thu, January 27 2011. 12:32 IST