R Systems Acquires Novigo Solutions, Strengthening its Product Engineering and Full-Stack Agentic-Al Capabilities
R Systems International Limited, a global leader in digital product engineering, has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent-automation services. The strategic acquisition creates a global digital product engineering services powerhouse with INR 20,600M (~$240M) revenue and INR 3,800M (~$45M) EBITDA. The upfront cash consideration for the transaction is INR 400 cr, with an additional stock consideration linked to future EBITDA achievement. The acquisition will be EPS accretive for R Systems since year 1. This strategic move positions R Systems well to address the evolving market landscape, as enterprises reallocate IT budgets towards autonomous, compliance-ready Al workflows. The acquisition helps R Systems expand its offerings in the fast-growing Middle East region and gain delivery presence in Bangalore and Tier 2 cities.
Key Highlights
- R Systems to acquire Novigo Solutions, a specialist in low-code/no-code development and intelligent-automation services.
- The acquisition creates a global digital product engineering services powerhouse with INR 20,600M revenue and INR 3,800M EBITDA.
- The upfront cash consideration for the transaction is INR 400 cr, with an additional stock consideration linked to future EBITDA achievement.
- The acquisition will be EPS accretive for R Systems since year 1.
- The acquisition helps R Systems expand its offerings in the fast-growing Middle East region and gain delivery presence in Bangalore and Tier 2 cities.