Blackstone Portfolio Company R Systems Acquires Product Engineering and Digital Solutions Company Velotio for Rs. 278 crore


Biznextindia : R Systems (NSE: RSYSTEMS; BSE: 532735), a leading digital product engineering company, today announced that it has signed definitive agreements to acquire Velotio, an India-based product engineering and digital solutions provider. With a team of over 300 engineers, Velotio combines complex engineering, data expertise, cloud-native, and design capabilities to build innovative products for global customers, including NASDAQ-listed enterprises, and high-growth companies. With this acquisition, Kalpak Shah (Co-Founder and CEO, Velotio), Chirag Jog (Co-Founder and CTO, Velotio), and the rest of the Velotio team will partner with R Systems to help scale Velotio’s business, develop its engineering capabilities and accelerate its growth.

The Velotio leadership team brings decades of experience and deep-rooted knowledge of building complex engineering solutions that meet the rapidly growing needs of various industries.

“We extend a warm welcome to Kalpak, Chirag, and the entire Velotio team to the R Systems family. This partnership with Velotio and its talented management team is a significant step towards R Systems’ continued growth journey. Velotio’s deep engineering capabilities within its focus verticals neatly complement our vertical presence and deepen our delivery capabilities in areas like Cloud, DevOps, Data Engineering, and Generative AI. We are also excited to expand our India delivery presence to Pune, a hub of product engineering talent. Velotio’s attractive roster of customers and a very entrepreneurial management team are great additions to R Systems – they can help us expand our partnerships and deliver enhanced value to our customers” Nitesh Bansal, Managing Director & Chief Executive Officer of R Systems, said.

Leave A Reply

Your email address will not be published.