Blackstone-backed R Systems buys Novigo for Rs 400 cr, plus performance-linked stock
BENGALURU: The acquisition of Novigo Solutions by Blackstone-backed R Systems marks the third major buyout of a Mangaluru-headquartered tech firm in recent years, firmly placing the coastal city—and its neighbour Udupi—on India’s technology M&A map.R Systems said on Thursday that it will acquire Novigo Solutions for an upfront cash payout of Rs 400 crore, with…