RS Software eyeing two e-payment firms in US: Report

17 Apr 2013

RS Software (India), the electronic payments solutions provider, reported that it has shortlisted two companies for an acquisition to expand its client base and increase operations in the US. The company is looking for an acquisition in US as it is the largest market for it. The company will be funding this acquisition through Rs 100 crore cash it holds and may also look to raise funds via debt or equity.

RS Software (India) is the leading electronic payments solutions provider. The company has developed business solutions in Gift & Loyalty, Risk Prediction, Residual Management, Payment Gateway and Merchant Boarding Design to reduce customers cycle time for application development/integration.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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