R Systems acquires WebConverse

R Systems acquires WebConverse

By agencies   |   Wednesday, 26 July 2006, 07:00 Hrs
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MUMBAI: Software products development company, R Systems International Ltd, said on Wednesday that it would acquire WebConverse Inc for over $10.7 million.

The acquisition will be completed within the next three weeks, the company informed the Bombay Stock Exchange.

The company signed a definitive agreement today to acquire WebConverse, a technical support company with U.S. operations and serving the technology sector with focus on growing mobile applications market, it added.

"This acquisition places us in a select group of service providers having onshore & offshore support capabilities," R Systems CEO Rekhi Singh said.

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