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R Systems subsidiary, Infinite Solutions Inc. bags order worth $1.3 million

24 Jun 2011 Evaluate

R Systems International wholly owned subsidiary - R System Inc. in consortium with Infinite Solutions Inc. has been awarded a $1.3 million contract via the State of California’s Master Services Agreement (MSA) process to perform maintenance and operations (M&O) of the existing Children’s Medical Services Network (CMS Net) system.

The California Department of Health Services (DHS) contract includes maintenance and support of CMS Net. Some of the critical services being delivered include Architecture Modernization, Performance Monitoring, Application Maintenance, Training and Helpdesk Services.

Earlier in January this year, R Systems International had completed the acquisition of 100% shares of Computaris International, a UK based Software Company engaged in telecom sector. The company would pay an amount of GBP 9 million consisting of an initial payment of GBP 4.25 million and the balance amount over two years linked to performance. The acquisition was funded largely from internal accruals.

R Systems International is a software product development and BPO services company. It helps companies bring products and services to market quicker by using its proprietary suite execution framework.

R Systems Intl. Share Price

277.60 -0.80 (-0.29%)
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