R Systems Acquires Novigo Solutions, Expands Product Engineering and Automation Capabilities!

R Systems International Limited, a global leader in digital product engineering services, has announced the acquisition of Novigo Solutions, a rapidly growing company specializing in low-code/no-code (LCNC) platforms and intelligent automation solutions. This strategic move significantly enhances R Systems’ portfolio, creating a stronger platform for delivering enterprise-scale automation and AI-driven services. The combined entity is projected to generate annual revenues of approximately ₹2,060 crore (\$45 million).

Novigo Solutions has demonstrated impressive growth in recent years, reporting a 44% compound annual revenue growth rate (CAGR) over the past three years, a 25% EBITDA margin, and strong cash flows. Under the terms of the acquisition, R Systems will pay ₹400 crore in cash upfront, along with a future stock component tied to Novigo’s EBITDA performance. The deal is expected to be earnings-accretive for R Systems beginning in its first year, further strengthening its financial performance and market competitiveness.

The acquisition comes at a time when businesses worldwide are shifting IT investments towards autonomous workflows, AI governance, and large-scale automation. By bringing together R Systems’ proprietary OptimaAI platform with Novigo’s UiPath Diamond-tier automation practice and Microsoft Copilot Center of Excellence, the combined company is uniquely positioned to design, implement, and manage next-generation enterprise automation solutions at scale. This integration ensures customers will benefit from end-to-end services ranging from AI model development to operational deployment.

Geographically, the acquisition also broadens R Systems’ delivery capacity and market reach. Novigo brings an established presence in Bangalore and Tier 2 cities like Mangalore, as well as strong relationships in the Middle East. These capabilities complement R Systems’ global delivery network and reinforce its ability to provide localized, scalable solutions to customers across industries.

Nitesh Bansal, CEO and Managing Director of R Systems, emphasized the importance of the acquisition for the company’s long-term growth. “This acquisition marks a major milestone for R Systems, our clients, and our stakeholders. As the industry moves from experimental AI to production-scale autonomous systems, Novigo brings in complementary capabilities that enhance our offerings across automation, compliance, and orchestration. By integrating Novigo’s expertise into our OptimaAI suite, we can support customers across the full spectrum—from AI model development to operational deployment. We are excited to welcome Novigo’s skilled team into the R Systems group.”

Novigo’s leadership team, including CEO Praveen Kalbhavi and CTO Mohammed Hanif, will remain with the merged organization to ensure a seamless integration and continued growth. Commenting on the partnership, they said, “Our journey has always been about helping businesses work smarter through automation and low-code platforms. Partnering with R Systems gives us the scale and tools to take that mission even further. Together, we can deliver advanced automation and agentic AI solutions that solve real-world challenges. Our teams across Mangalore and beyond are proud to contribute to this next phase of growth.”

This acquisition is closely aligned with R Systems’ broader strategy to build a high-performance digital engineering company with distinct strengths in automation, AI, and product development. By combining complementary capabilities, the company is positioned to deliver deeper technical expertise, access a larger talent pool, and provide advanced solutions for rapidly evolving business needs.

Barclays acted as the exclusive financial advisor to Novigo Solutions in the transaction. The deal is expected to close in the coming weeks, subject to regulatory and customary approvals.

With this acquisition, R Systems reinforces its role as a trusted partner for technology firms, SaaS platforms, and enterprises worldwide. By expanding its automation and AI-driven capabilities, the company is taking a decisive step towards shaping the future of digital product engineering.