R Systems to acquire Sento Europe
28 Dec 2007
Provider of outsourced product development, and support services, R Systems International Ltd. on 27 December 2007 will acquire the Netherlands-based Sento Europe BV and Sento S A S, of France (collectively known as Sento Europe) from Sento Corporation, USA, subject to customary approvals and closing conditions.
The acquisition is expected to be completed before 15 January 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 16 European languages. It focuses on the technology sector and says its clients include leading global consumer electronic companies.
Sento Europe achieved revenues of approximately US$ 14.85 million during the year ended March 2007.
"We are pleased to announce approval of the board of directors for the acquisition of Sento Europe,'' said Rekhi Singh, CEO of R System.. ''The combination will strategically compliment 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. We look forward to the employees and clients of Sento Europe joining R Systems' family upon completion".