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New Delhi, Dec. 28 The board of directors of R Systems International has approved the acquisition of Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento Europe), from US-based Sento Corporation.

In a notice to the BSE, R Systems — which is a provider of outsourced product development, and technical and customer support services — said it anticipated that the transaction would be completed before January 15.

“The transaction is subject to Sento board approval, execution of definitive agreements and corporate and regulatory approvals. 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 16 European languages,” a company release said here.

Sento Europe primarily focuses on the technology sector and among its clients are the some of the world’s leading consumer electronic companies. The company achieved revenues of about $14.85 million during the year ended March 2007.

“We are pleased to announce approval of the board for the acquisition of Sento Europe. The combination will strategically complement our iPLM business with a strong base in Europe, extend the breadth and depth of our offering, and will be accretive to our earnings in FY 2008,” said Mr Rekhi Singh, CEO of R Systems.

More Stories on : Mergers & Acquisitions | Off-shore Development | Software

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