R Systems, a leading digital product engineering company, 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…
Blackstone portfolio company R Systems announced that its Board of Directors has appointed Nitesh Bansal as the Managing Director and Chief Executive Officer of the Company, effective May 30, 2023. Nitesh joins R Systems after a 25 year career, with 23 years at Infosys where he held several leadership roles, most recently serving as a…
Blackstone announced that private equity funds managed by Blackstone (Blackstone) have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (R Systems). R Systems, founded in 1993 by Satinder Singh Rekhi, is one of the leading providers of digital Information Technology services, specializing…