R Systems to acquire Sento Europe
R Systems International, an outsourcing firm, is set to acquire Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento Europe) from Sento Corporation, US.
The transaction is subject to contracts and corporate and regulatory approvals and it is anticipated that the transaction will be completed before January 15, 2008, said a release issued by the company.
Sento Europe has operations in Enschede, Netherlands and Metz, France. The company provides integrated technical support and customer care services through multiple channels in 16 European languages. Sento Europe primarily focuses on the technology sector and amongst its clients are the world’s leading consumer electronic companies. The company achieved revenues of approximately $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. 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," said Rekhi Singh, CEO of R System. "We look forward to the employees and clients of Sento Europe joining R Systems’ family upon completion".