R Systems to acquire WebConverse

NEW DELHI: R Systems International Ltd has signed a definitive agreement to

acquire WebConverse, Inc.






WebConverse is a technical support company with US operations in Salt Lake City
serving the technology sector with a focus on the growing mobile applications

market.






WebConverse achieved revenues of $ 5.1 million in calendar year 2005. The
estimated value of the transaction will be a maximum of $10.7 million inclusive

of earn out payments.






The acquisition is scheduled to be completed within the next three weeks.





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

He added "This coupled with the domain expertise WebConverse has in the rapidly

growing mobile applications market, strengthens our value proposition to the

high technology sector. Also, given the growth potential of the existing

WebConverse client base, we see a near term and long term strategic benefit for

all our stakeholders. We welcome WebConverse customers and employees to the R

Systems family."






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