Blackstone, an American alternative investment management company, agreed to acquire a 52% stake in R Systems, an IT service management company, from Satinder Singh Rekhi for $359m. “I am excited that our partnership with Blackstone will take R Systems on the path to its next level of growth. Today, R Systems is a well-known product engineering brand that attracts top-notch talent looking to work on cutting-edge solutions for our global clients. The company’s management team will be excited to welcome Blackstone and benefit from their scale, expertise, and global track record in IT services. Our employees, customers, and partners will gain immensely from this partnership with Blackstone. I am happy for my new role as an advisor to the company under Blackstone’s ownership,” Satinder Singh Rekhi, R Systems CEO.