R Systems International’s subsidiary -- Velotio Technologies (Velotio) has received approval from board of directors for acquisition of additional 60% equity shares of Scaleworx Technologies, a company incorporated under the Companies Act, 2013, and having a business of information technology relating to DevOps consulting, infrastructure management, outsourced product development and digital product engineering services (Scaleworx).
Velotio as on date, already holds 40% equity shares of Scaleworx and hence is an associate company of Velotio. Post the acquisition of the remaining 60% equity shares, Scaleworx will become a wholly-owned subsidiary of Velotio.
With this acquisition, the Company will be able to deepen its product engineering capabilities in, DevOps and digital product engineering services.
R Systems International is a software product development and BPO services company.
Company Name | CMP |
---|---|
TCS | 3895.85 |
Infosys | 1425.15 |
HCL Tech. | 1316.25 |
Wipro | 451.35 |
Tech Mahindra | 1262.40 |
View more.. |