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R Systems International’s arm acquires additional 60% stake in Scaleworx

02 Dec 2023 Evaluate

R Systems International’s subsidiary -- Velotio Technologies (Velotio) has acquired additional 60% equity shares of Scaleworx Technologies (Scaleworx) on December 01, 2023. With this acquisition, the Company will be able to deepen its product engineering capabilities in, DevOps and digital product engineering services. Scaleworx became a wholly-owned subsidiary of Velotio. 

R Systems International is a software product development and BPO services company.

Peers
Company Name CMP
TCS 2498.05
Infosys 1180.65
HCL Technologies 1438.60
Wipro 197.70
Tech Mahindra 1830.00
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