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R Systems acquires WebConverse
By agencies
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Wednesday, 26 July 2006, 19:30 IST
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.