R Systems International Limited, a global provider of digital product engineering services, has signed a definitive agreement to acquire Novigo Solutions, a fast-growing company specializing in low-code/no-code (LCNC) platforms and intelligent automation solutions. This acquisition significantly strengthens R Systems’ position in the market, combining the two companies’ capabilities to deliver comprehensive enterprise-scale automation and AI-driven services. The combined entity will generate annual revenues of approximately ₹2,060 crore ($45 million).
Novigo has posted strong growth, with a 44% revenue CAGR over the past three years, a 25% EBITDA margin, and robust cash flow. The acquisition includes an upfront payment of ₹400 crore in cash, along with a future stock component linked to Novigo’s EBITDA performance. The deal is expected to be earnings-accretive for R Systems from the first year.
As businesses increasingly shift IT investments toward autonomous workflows and AI governance, this acquisition enhances R Systems’ ability to meet those demands. It combines R Systems’ OptimaAI platform with Novigo’s established UiPath Diamond-tier automation practice and Microsoft Copilot Center of Excellence. Together, the companies will be well-positioned to design, implement, and manage next-generation enterprise automation at scale.
The deal also expands R Systems’ reach in the Middle East and adds delivery capacity in Bangalore and Tier 2 cities like Mangalore. Novigo’s leadership team will continue to operate within the merged organization to help drive ongoing growth.
Nitesh Bansal, CEO & Managing Director, R Systems, said “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.”
Praveen Kalbhavi and Mohammed Hanif, CEO and CTO of Novigo Solutions, added “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 aligns with R Systems’ broader strategy to build a high-performance digital engineering company with distinct capabilities in automation, product development, and AI. It offers clients access to a wider pool of talent, deeper technical expertise, and solutions designed to meet fast-evolving business needs. Barclays served as the exclusive financial advisor to Novigo Solutions. The transaction is expected to close in the coming weeks, subject to regulatory and customary approvals.
R Systems is a global provider of digital product engineering and technology solutions. The company works with technology firms, SaaS platforms, and enterprises to design and build next-generation digital products. R Systems combines deep industry expertise with capabilities in software engineering, cloud technologies, data analytics, and automation to help clients accelerate innovation, improve efficiency, and drive growth.
Headquartered in Mangalore, Novigo Solutions delivers end-to-end IT services, including product engineering, low-code/no-code development, and intelligent automation. Its solutions serve clients across sectors such as banking and finance, technology, manufacturing, and energy. Novigo partners with industry leaders including Microsoft, Snowflake, Databricks, UiPath, and OutSystems, and has built a strong delivery network across multiple cities in India.
