New Delhi, May 03, 2006: R Systems International Ltd. today
announced that it has signed a three year deal to maintain, operate, support an
existing children's medical information system for a public body in the US. The
system is a public domain system that provides online access to health care
professionals, case managers, and administrators. These users manage a variety of
information for medical case management, including patient eligibility and records,
service provider authorizations, and system reporting.
R Systems secured this contract following a competitive tender invited by the
client. This three year contract is valued at approximately $3.3 million and can be
extended for a further period of two years for $2.2 million.
"This is an important deal for R Systems" said Rekhi Singh, Chairman and CEO, R Systems.
"We secured this deal after rigorous evaluation of technical and commercial proposals from
other bidders, which validates R Systems competitive business model. We are excited about the
new assignment and look forward to serving the customer on a multi year basis."
About R Systems International Ltd
R Systems International Ltd. 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 execution 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 for products and services using our global delivery model. R Systems rapidly
growing customer list includes a variety Fortune 1000, government and mid-sized
organizations across a wide range of industry verticals including Banking and Finance,
High Technology and Independent Software Vendors, Government, HealthCare, Manufacturing
and Logistic Industries. R Systems maintains five centers for Software Excellence, 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.