SACRAMENTO, Calif. (PRWEB) February 11, 2019
R Systems Inc, a global leader in technology and AI/analytics services, announced that it has completed an acquisition of 100% interest in Innovizant LLC.
Innovizant, a Chicago (USA) based Company engaged in Digital Transformation Services including Advanced Analytics, Data Engineering, and Digital Connected Systems, through its wholly-owned subsidiary namely R Systems, Inc., USA.
Ramneet Rekhi, Vice President, R Systems, said "Innovizant acquisition has strengthened our digital practice with niche data analytics competencies and marque customer base in financial services industry. Innovizant facilities in Chicago would be used as R System's Center of Excellence (CoE) to strengthen our on-shore/near-shore delivery capabilities, to serve our US Central and East Coast clients and our commitment to build a US-based technical resource pool. The CoE's focus shall be on to develop and support potential new business models and capabilities, offering solutions utilizing technologies like IoT, Al, Data Science, Big Data, AR/VR, Machine Learning, Robotics etc. We will be hiring talented resources in these niche technologies and would be investing further to promote this Center of excellence".
He added, "I welcome Innovizant employees into the R Systems family and we will work with Innovizant's management team to integrate Innovizant with R Systems to optimize several synergies".
Raj Gupta, Principal Partner at Innovizant, will now serve as President of R Systems' Digital Business Unit. Raj said "the whole Innovizant team is excited with this strategic acquisition which will provide Innovizant a global platform to scale its offerings and competencies and serve our customers with wider range of services".
R Systems had last made an acquisition in 2012, when its subsidiary ECnet Ltd. had acquired the ERP business of Singapore-based systems integration company Nikko Computer Systems (S) Pte Ltd. for an undisclosed amount.
In 2014, R Systems had sold its entire stake in two overseas subsidiaries to Netherlands-based Customer Contact Management Group BV.