R Systems International Ltd completes takeover of the UK’s Computaris International Limited

R Systems International Limited announced it has completed its takeover of 100 per cent shares of the UK’s Computaris International Ltd. R Systems International Limited is one of the leading providers of outsourced product development, technical and customer support services in India. Computaris International Limited is a U.K. based Software Company engaged in the telecom sector.

R Systems will pay £9 million, inclusive of an initial payment of £4.25 million and the balance amount over two years, with reference to Computaris’ performance. R Systems said the acquisition was funded largely from its internal accruals.

Computaris International Limited has operations in U.K., Romania, Poland, Moldova, Malaysia and U.S.A. Computaris provides solutions and services to Telecom Industry and specializes in real-time rating and billing solutions.

Rekhi Singh, Chairman and Founder of R Systems, noted his delight over the firm’s ability to make a significant expansion of its European operations through a strong new presence simultaneously addressing the strategic important geographical Europe market and Telecom vertical through its operations in UK, Poland and Romania in the EU and Republic of Moldova in CIS.

Singh added that the excellent management team and professional staff of Computaris will allow R Systems to grow significantly in the telecom sector, the firm’s strategic focus. With the acquisition of Computaris, the R Systems’ business in the telecom vertical would be in excess of 25% of its total revenues, said Singh.

For Singh, the acquisition matches global trends, where the telecom vertical has amongst the largest Global IT spends.

Executive Manager Sartaj Rekhi commented that the acquisition of Computaris is a further step to organize R Systems business along industry verticals and customer focus around Key accounts and Geographies.

Commenting on the investment, Ian Tidder, CEO of Computaris International Limited, said the investment gives Computaris a chance to continue the growth path that it has been following to date at an accelerated pace following the strategic investment of R Systems. In addition to the expansion of Computaris’ European operations, the firm intends to continue to grow its Asian and USA operations and widen the range of services and the value that it can offer to its customers, said Tidder.

Computaris International Limited is a System Integrator providing software products and solutions as well as being a services company, it is focused on the provision of convergent and real- time rating, charging and billing solutions as well as messaging solutions to network operators, especially mobile, worldwide.

29 Jan 2011.