Artificial Intelligence
Blackstone Portfolio Company R Systems Acquires Novigo Solutions, Strengthening Its Product Engineering And Full-Stack Agentic-AI Capabilities
.png?ext=.png "Business Wire"){kind=small}
Share
GREATER NOIDA, India & EL DORADO HILLS, Calif.--(BUSINESS WIRE)--#AI--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.
Novigo has been growing strongly and delivered 44% revenue CAGR over the last three years with 25% EBITDA margin and healthy free cash flow.
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.
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).
Novigo’s management team will continue to be a part of the combined platform and drive growth.
Nitesh Bansal, CEO & Managing Director, R Systems:
"This is a pivotal moment for R Systems, our clients, and our investors," said Nitesh Bansal, CEO of R Systems. "As enterprises move from pilots to production-grade AI agents which are governed by robust orchestration and compliance frameworks, the acquisition of Novigo Solutions acts as an accelerator in our journey to lead the Agentic AI revolution. By integrating Novigo’s automation depth into our OptimaAI portfolio, we can now take customers from model engineering to autonomous execution under one roof. It's not just about adding scale; it is about adding synergistic, high-margin capabilities that translate into stronger outcomes for our clients. We are thrilled to welcome the highly talented Novigo team to the R Systems family."
Praveen Kalbhavi and Mohammed Hanif, CEO and CTO, Novigo Solutions:
“We have built a world-class practice in making businesses faster and smarter through low-code platforms and intelligent automation. Joining R Systems accelerates our mission to deploy agentic AI and automation tools at scale. Now, supercharged by R Systems’ OptimaAI Suite, our UiPath and Microsoft agentic workforce can be deployed to solve our clients' most complex problems. Our high-quality talent across Mangalore, emerging as India’s Silicon Beach, and all our locations will complement the global engineering strengths of R Systems. We look forward to growing the business further with R Systems.”
This capability-led acquisition reinforces R Systems’ strategy of building a differentiated, high-growth digital product engineering firm. It provides a clear path to leadership in the Agentic AI market, offering a compelling value proposition for clients and partners focused on innovation.
Barclays acted as Novigo’s exclusive financial advisor. The acquisition is expected to close in the coming weeks, subject to customary closing conditions.
About R Systems
R Systems is a global product engineering and digital solutions provider. We combine complex engineering, Data & AI, cloud-native capabilities with deep domain understanding to design and build innovative products for Tech, SaaS platforms and enterprises across industry verticals. We leverage the power of Automation and Agentic AI to transform value chains to boost productivity and deliver differentiated customer experiences. With a culture of co-creation and an extensive partner ecosystem, we help customers navigate market shifts and drive sustained strategic growth.
About Novigo
Novigo is a digital-native company with expertise in end-to-end IT solutions such as product engineering, low-code/no-code (LCNC) development and intelligent automation services. We enable enterprises across BFSI, Hi-Tech, Manufacturing, and Energy sectors to accelerate their digital transformation. Our solutions are powered by advanced engineering capabilities and a strong ecosystem of partners, including Microsoft, Snowflake, Databricks, UiPath and OutSystems. We are headquartered in Mangalore, increasingly recognized as India’s Silicon Beach, and have high-quality talent across all our locations.
https://www.novigosolutions.com/
Contacts
Media Contact Details
Mansha Gagneja, R Systems International Ltd,
mansha@rsystems.com
Frequently Asked Questions
What is the significance of R Systems' acquisition of Novigo Solutions?
This acquisition creates a global leader in digital product engineering, combining R Systems' expertise with Novigo's low-code/no-code and intelligent automation capabilities to offer comprehensive AI-driven solutions.
How will this acquisition impact R Systems' offerings?
It significantly expands R Systems' AI and automation services, allowing them to provide end-to-end solutions from model engineering to autonomous execution, strengthening their position in the Agentic AI market.
What are the key benefits for clients?
Clients will benefit from a broader range of AI-powered solutions, improved efficiency, and a streamlined approach to deploying and managing AI agents, ultimately leading to stronger business outcomes.
First published on Fri, Aug 22, 2025
Liked what you read? That’s only the tip of the tech iceberg!
Explore our vast collection of tech articles including introductory guides, product reviews, trends and more, stay up to date with the latest news, relish thought-provoking interviews and the hottest AI blogs, and tickle your funny bone with hilarious tech memes!
Plus, get access to branded insights from industry-leading global brands through informative white papers, engaging case studies, in-depth reports, enlightening videos and exciting events and webinars.
Dive into TechDogs' treasure trove today and Know Your World of technology like never before!
Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.
Loading comments...