R Systems International Ltd.

R Systems International’s subsidiary -- Velotio Technologies (Velotio) has received approval from board of directors for acquisition of additional 60% equity shares of Scaleworx Technologies, a company incorporated under the Companies Act, 2013, and having a business of information technology relating to DevOps consulting, infrastructure management, outsourced product development and digital product engineering services (Scaleworx).

Velotio as on date, already holds 40% equity shares of Scaleworx and hence is an associate company of Velotio. Post the acquisition of the remaining 60% equity shares, Scaleworx will become a wholly-owned subsidiary of Velotio.

With this acquisition, the Company will be able to deepen its product engineering capabilities in, DevOps and digital product engineering services.

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