R Systems completed the acquisition of Velotio.

Blackstone-backed R Systems, a digital product engineering company, completed the acquisition of Velotio, a product engineering & digital solutions company. Financial terms were not disclosed. "We extend a warm welcome to Kalpak, Chirag, and the entire Velotio team to the R Systems family. This partnership with Velotio and its talented management team is a significant step towards R Systems' continued growth journey. Velotio's deep engineering capabilities within its focus verticals neatly complement our vertical presence and deepen our delivery capabilities in areas like Cloud, DevOps, Data Engineering, and Generative AI. We are also excited to expand our India delivery presence to Pune, a hub of product engineering talent. Velotio's attractive roster of customers and a very entrepreneurial management team are great additions to R Systems – they can help us expand our partnerships and deliver enhanced value to our customers,"Nitesh Bansal, R Systems Managing Director & Chief Executive Officer.