Business
Blackstone Portfolio Company R Systems Acquires Novigo Solutions, Strengthening Its Product Engineering and Full-Stack Agentic-AI Capabilities
GREATER NOIDA, India & EL DORADO HILLS, Calif., August 21, 2025--The acquisition enables engineering, deployment & management of AI agent fleets on one governed platform accelerating compliant, autonomous workflows.
About this update from R Systems International Limited
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":293,"url":"https://media.zenfs.com/en/business-wire.com/9f45cf6f93b21f86e24fb53c5f4941b5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IDQH5D7EAbDnJAcnNfE1uA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/9f45cf6f93b21f86e24fb53c5f4941b5","width":480,"height":293}},"lazy":false},{"type":"text","content":"GREATER NOIDA, India & EL DORADO HILLS, Calif., August 21, 2025--(BUSINESS WIRE)--R Systems International Limited, a global leader in digital product engineering, today announced that it has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent-automation services. The strategic acquisition creates a global digital product engineering services powerhouse with INR 20,600M (~$240M) revenue and INR 3,800M (~$45M) EBITDA, offering engineering, deployment, and management of enterprise-scale fleets of AI agents under a single, governed platform.","length":628,"tagName":"p"},{"type":"text","content":"Novigo has been growing strongly and delivered 44% revenue CAGR over the last three years with 25% EBITDA margin and healthy free cash flow.","length":140,"tagName":"p"},{"type":"text","content":"The upfront cash consideration for the transaction is INR 400 cr, with an additional stock consideration linked to future EBITDA achievement. The acquisition will be EPS accretive for R Systems since year 1.","length":207,"tagName":"p"},{"type":"text","content":"This strategic move positions R Systems well to address the evolving market landscape, as enterprises reallocate IT budgets towards autonomous, compliance-ready AI workflows. The acquisition integrates R Systems’ OptimaAI Suite with Novigo’s UiPath Diamond-tier automation practice and Microsoft Copilot Centre of Excellence, positioning the combined entity as a leader uniquely equipped to design, orchestrate, and operate the intelligent enterprises of the future. The acquisition helps R Systems expand its offerings in the fast-growing Middle East region and gain delivery presence in Bangalore and Tier 2 cities (e.g. Mangalore).","length":634,"tagName":"p"},{"type":"text","content":"Novigo’s management team will c...