Acquisition of Sento Europe, Europe
R Systems acquired the entire shareholdings of Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento Europe) from Sento Corporation, USA on January 23, 2008.
Sento Europe with operations in Enschede, Netherlands and Metz, France provides a wide range of integrated technical support and customer care services through multiple channels in 18 European languages and 24 countries. Sento Europe primarily focuses on the technology sector and amongst its clients are the world's leading consumer electronic companies. Sento Europe achieved revenues of approximately US$ 14.85 million during the year ended March 2007.
Acquisition of WebConverse, Inc. (“WebConverse”), USA
R Systems acquired the entire shareholdings of WebConverse, Inc. on 25th August 2006. WebConverse is a US based technical support company founded in the year 2000 & having its headquartered in San Mateo, California, USA. WebConverse delivers services out of facilities in San Mateo, Salt Lake City USA and India.
The principal activities of the company consist of providing and specialize in delivering outsourced Technical Support for mobile applications, enterprise software, hardware and hosted applications. WebConverse's turnkey solutions include inbound and outbound telephone support, email response and real-time Web-chat.
Acquisition of ECnet Limited ("ECnet"), Singapore
ECnet was acquired on January 8, 2004 by way of acquisition of 96.23% of outstanding shares. Later additional shares were acquired in the month of August 2004 and shareholding of R Systems in ECnet increased to 98.59%. ECnet is a public company limited by shares and incorporated in the Republic of Singapore.
The principal activities of the company and its subsidiary companies consist of providing an integrated suite of Internet-based supply chain solutions and information technology consultancy services The supply chain solutions are offered through a hosted service on a subscription basis. There have been no significant changes in the nature of these activities during the financial period.
Acquisition and amalgamation of Indus Software Pvt. Limited ("Indus") with our Company
In February 2002 R Systems acquired Indus Software Pvt. Limited, a leading provider of lending solutions to consumer finance industry. Indus amalgamated into our Company effective from April 1, 2002 vide the Bombay High Court order dated August 1, 2002 and the Delhi High Court order dated September 23, 2002. The high court orders for the scheme of amalgamation were issued under Sections 391 and 394 of the Companies Act, 1956. In the transaction GE received 2,983,475 shares in R Systems in return for its shares in Indus.
