R Systems International Ltd (NSE: RSYSTEMS), one of the leading
providers of outsourced product development, technical and customer support services,
today announced that R Systems, Inc. (RSI) (wholly owned subsidiary of R Systems
International Limited) has been awarded the prestigious General Services Administrations
(GSA) Supply Schedule 70 contract for Information Technology Professional Services.
The award is the largest and most widely used acquisition vehicle for information
technology services by the United States federal government. This market was estimated
at $86 Billion in 2010 and is expected to grow to $110 billion by 2015.
Rekhi Singh, CEO, R Systems stated that the GSA award was a very important milestone
for the Company and that it would open the doors to new revenue streams besides
facilitating local job creation opportunities within the United States. “We are very
excited by the opportunities presented in this new industry vertical and have aggressive
plans to pursue new federal government opportunities that this award presents.
Our experience in local markets and past work we have done with state and local
government agencies will help us make quick inroads in this huge, but highly competitive
market” he added.
About GSA Schedule 70
The GSA IT Schedule 70 is a Federal procurement program for Information technology
product and services. The schedule helps federal government organizations to help
optimize their planning and procurement process for IT. It includes a wide range of
software, hardware, security, networking and professional IT services. It is designed
to be a quick, cost effective means for fulfilling IT needs of federal government.
About RSI
R Systems, Inc. (RSI) (wholly owned subsidiary of R Systems International Limited)
is a Global IT services company and has been working with Government agencies since
1997, delivering the highest quality of software engineering services across the
Software Development Life Cycle (SDLC) using industry standard methodologies based on
the Project Management Institute’s (PMI’s) Guide to the Project Management Body of
Knowledge (PMBOK) and Software Engineering extension to the Rational Unified Process
(RUP SE) Methodology industry models and best practices.
About R Systems International Limited
R Systems International Limited founded in 1993, is one of the leading provider
of outsourced product development and customer support services. We help companies
accelerate the speed to market for their products and services with a high degree of
time and cost predictability by using our proprietary pSuite framework. Clients can
choose services specific to their needs from R Systems iPLM suite of services.
We help companies build scalable, configurable and secure products and applications;
and help our clients support their customers worldwide for products and services using
our global delivery model in 18 languages. R Systems rapidly growing customer list
includes a variety of Fortune 1000, government and mid-sized organizations across a
wide range of industry verticals including Banking and Finance, High Technology,
Independent Software Vendors, Telecom and Digital Media, Government, HealthCare,
Manufacturing and Logistic Industries. R Systems maintains thirteen development and
service centres and using our global delivery model we serve customers in the US,
Europe, South America, the Far East, the Middle East and Africa.
Safe Harbor
This press release contains forward-looking statements. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding the success of our investments, risks and
uncertainties regarding fluctuations in earnings, our ability to manage growth,
intense competition in IT and consulting services including those factors which may
affect our cost advantage, wage increases in India, our ability to attract and retain
highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame
contracts, client concentration, restrictions on immigration, industry segment
concentration, our ability to manage our international operations, reduced demand
for technology and consulting services, disruptions in telecommunication networks or
system failures, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, withdrawal of
governmental fiscal incentives, political instability and regional conflicts,
legal restrictions on raising capital or acquiring companies outside India, and
unauthorized use of our intellectual property and general economic conditions
affecting our industry. We may, from time to time, make additional written and
oral forward-looking statements, and we do not undertake to update any
forward-looking statements that may be made from time to time by or on behalf
of the Company.