R Systems Acquires Innovizant LLC, USA

Deepthi | Myequity news | Date : 05-02-2019 12:25:00 IST

R Systems International Limited has completed the acquisition of I00% 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 US based technical resource pool. CoE 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 R Systems' family and we will work with Innovizant management team to integrate Innovizant with R Systems to optimize several synergies."

Raj Gupta, Principal Partner, Innovizant who will continue to serve the organization as President, R Systems, Digital Business Unit, 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."

About R Systems International Limited:

R Systems International Limited founded in 1993, is one of the leading providers of software product engineering, digital and knowledge services and solutions. R Systems maintains fifteen development and service centres to serve customers in USA, Europe and the Far East.

About Innovizant LLC:

Innovizant LLC (headquartered in Chicago, USA) is a leading-edge, global IT Services organization. Innovizant is a Full-service IT provider, focused on delivering Innovative and value driven business analytical solutions leveraging data science, data engineering and decision science to provide winning actionable insights assisting our financial services clients banking, Insurance and credit union business in achieve their business goals.

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