Latest news with #RSystems
Techday NZ
24-07-2025
- Business
- Techday NZ
R Systems & Cursor partner to lead AI-first software delivery
R Systems has announced a collaboration with Cursor, an AI-powered code editor developed by Anysphere, to integrate artificial intelligence across all stages of its software development process. As part of the collaboration, R Systems will establish a dedicated Co-Innovation Lab intended to advance AI-first software engineering practices. The Co-Innovation Lab will focus on developing and rolling out a repeatable AI Software Development Lifecycle (AI-SDLC) Framework. This Framework will provide engineers with playbooks that embed AI into coding, testing, documentation, DevOps and project-management workflows. Over 1,000 engineers at R Systems will be equipped with Cursor-powered workflows as part of efforts to strengthen OptimaAI, the company's proprietary AI suite. According to R Systems, the new AI-SDLC approach is expected to improve delivery velocity by around 30%, reduce defect density by 25%, and halve the time required to onboard new engineers. Cursor's Head of Field Engineering, Ricky Doar, described the partnership and its intended impact: We are excited by R Systems' enthusiastic adoption and use of Cursor among its thousands of software engineers. R Systems is deploying Cursor to embed AI directly into every stage of software delivery, from planning to coding to review. By equipping each delivery pod with purpose-built AI workflows, they're accelerating development velocity, driving code quality, and standardizing how generative AI is adopted across enterprises globally. The collaboration is focused on increasing AI adoption and developer productivity while establishing standardised practices for integrating generative AI within software delivery. Both R Systems and Cursor aim to create a scalable model of AI implementation that can be applied not only within the software development lifecycle but also across broader enterprise contexts. Chirag Jog, Head of Product & Platform Engineering Accelerators & IPs at R Systems, outlined the company's approach to responsible and effective AI deployment: AI has become the engine of modern software development. Our partnership with Cursor equips our engineers with intelligent tools and scalable workflows that accelerate delivery and raise quality. We're deploying a reusable prompt repository and a knowledge base of best practices alongside a Responsible AI-aligned accelerator portfolio to drive trusted, high-impact outcomes for our customers. The partnership is already seeing its methods tested in the field. Mike Rivers, Chief Technology Officer at Spreedly, commented on R Systems' performance using the AI-powered strategy: We presented R Systems with an ambitious migration timeline. By leveraging an 'AI-first' development strategy powered by Cursor, R Systems' engineers significantly exceeded output expectations while maintaining Spreedly's strict coding standards and delivering scalable, deployment-ready reports. This innovative approach has accelerated our roadmap and set a new standard for what we look for in a technology partner. Through the Co-Innovation Lab and dedicated AI tools, R Systems states its aim is not only to improve software build processes but also to enhance its clients' outcomes. With more than 1,000 engineers engaged as "AI Champions" and the development of targeted accelerators, the company plans to apply intelligence to all phases of software development. Cursor is designed as an AI-powered coding environment intended to help developers build software more quickly, automate repetitive tasks, and maintain code quality. The platform incorporates advanced code generation and governance features to provide control over security and compliance with standards. Companies using Cursor include Adobe, Nvidia and Rippling. Spreedly provides an open payments platform with annual processing volumes reported at over USD $50 billion in more than 100 countries, serving large enterprise clients across diverse sectors. R Systems delivers product engineering and digital solutions across technology and SaaS platforms, with a focus on automation and AI-driven approaches for enhanced productivity and customer experience. The collaboration with Cursor represents a further step in the company's efforts to embed AI throughout its technical and client service operations. Follow us on: Share on:
Business Standard
09-07-2025
- Business
- Business Standard
R Systems edges higher after board OKs proposal to raise funds via debt route
R Systems International advanced 1.18% to Rs 451.65 after the company announced that its board had approved a proposal to raise funds through issue of debt securities worth Rs 275 crore. The company would issue rated, listed, unsecured, redeemable and non-convertible debentures on a private placement basis. The board has delegated the powers to the management committee of the board of directors, to exercise all the powers related to issuance and allotment of the debentures. R Systems is a leading digital product engineering company that designs and develops chip-tocloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. The company's consolidated net profit jumped by 50.27% to Rs 44.93 crore on a 44.41% increase in revenue to Rs 350.33 crore in Q4 FY25 as compared with Q4 FY24.
Business Upturn
19-06-2025
- Business
- Business Upturn
R Systems shares jump 6% on reports of Coforge considering stake acquisition
Shares of R Systems International rose sharply by over 6% on Wednesday to ₹466.20, following reports that a larger IT company may be considering acquiring a significant stake in the firm. The stock opened stronger and touched an intraday high of ₹468.30, gaining ₹26.70 from its previous close of ₹439.50. The buying interest was sparked by a report from NDTV Profit suggesting that a potential deal involving R Systems is under discussion, though talks are said to be in early stages. While no official announcement has been made, the market reacted positively to speculation of strategic interest in the company. R Systems is a global digital transformation leader providing AI-driven solutions to clients across industries, through a broad range of technology and AI/Analytics services. The company is a leading global provider of technology, artificial intelligence, RPA services and solutions, along with knowledge services. While they do have product engineering capabilities and work with product companies, their main focus is on digital product engineering services—meaning they design and develop software and digital experiences for other companies. Their clientele spans various sectors, including high-tech, telecom, media, finance, and healthcare. At the current market price, R Systems commands a valuation of ₹55.19 billion, with a P/E ratio of 41.03 and a dividend yield of 2.22%. The stock has seen strong momentum in recent weeks, and today's move places it among the top gainers on the NSE. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
04-06-2025
- Business
- Business Standard
R Systems edges higher on partnership with Mavvrik to control AI, cloud infra spend
R Systems International rose 1.78% to Rs 374.80 after the firm said its strategic partnership with Mavvrik to help enterprises gain visibility and precise financial control over rapidly escalating AI, cloud, and hybrid infrastructure investments. As enterprises fast-track AI initiatives, infrastructure costs are becoming more fragmented, unpredictable, and difficult to track and manage. Untracked usage, cost attribution gaps, shared services, and siloed billing data make it difficult to understand true cost drivers or measure returns on investment, the company said in a statement. The R SystemsMavvrik partnership, it added, will enable organizations to shift from reactive tracking to proactive financial governance, ensuring better accountability and ROI measurement across AI, cloud, and hybrid environments. As enterprises accelerate AI adoption, theyre not just managing higher infrastructure costs but also navigating a new layer of financial and operational complexity. Traditional cost models were never designed for the dynamic, GPU-intensive, and hybrid environments AI demands. This R SystemsMavvrik partnership is about helping businesses move from reactive cost tracking to proactive financial governance, so they can scale responsibly, with clarity, control, and confidence, said Srikara Rao, CTO, R Systems. AI isnt just a new workloadits a force multiplier for cost complexity across the stack, said Sundeep Goel, CEO of Mavvrik. From cloud sprawl and opaque billing to fragmented cost data, enterprises are struggling to govern their spend. This partnership combines proven technology and deep expertise to help teams regain control and scale with confidence. R Systems is a leading digital product engineering company that designs and develops chip-tocloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. The companys consolidated net profit jumped 40.43% to Rs 38.59 crore on 6.2% increase in revenue from operations to Rs 442.46 crore in Q1 FY25 over Q1 FY24.
Techday NZ
04-06-2025
- Business
- Techday NZ
R Systems & Mavvrik partner to boost AI cost transparency
R Systems and Mavvrik have announced a strategic partnership aimed at helping enterprises manage financial control and visibility over growing investments in AI, cloud, and hybrid infrastructure. The adoption of AI solutions by businesses has led to increased complexity in infrastructure costs, making it challenging to monitor and allocate expenses accurately. Factors such as untracked usage, cost attribution gaps, shared services, and disconnected billing data have made it more difficult for organisations to identify the true origin of costs and assess their return on investment. The collaboration between R Systems and Mavvrik is intended to support companies transitioning from reactive monitoring towards proactive governance in financial operations across their technology environments. The partnership will offer enterprises a combination of R Systems' Dexterity Assessment Framework and Mavvrik's real-time cost intelligence platform. This approach is expected to deliver greater transparency and actionable insights around spending on digital infrastructure. Key features of the solution include real-time financial visibility through unified dashboards that capture and attribute infrastructure costs based on product, service, or business unit. The joint offering also provides automated policy enforcement, GPU chargebacks, and budgeting controls designed to help organisations manage expenditure and prevent overspending. Additionally, the solution is intended to facilitate faster decision-making through the provision of insights that inform pricing, forecasting, and investment strategies in complex IT settings. Commenting on the partnership, Srikara Rao, Chief Technology Officer at R Systems, said: "As enterprises accelerate AI adoption, they're not just managing higher infrastructure costs but also navigating a new layer of financial and operational complexity. Traditional cost models were never designed for the dynamic, GPU-intensive, and hybrid environments AI demands. This R Systems– Mavvrik partnership is about helping businesses move from reactive cost tracking to proactive financial governance, so they can scale responsibly, with clarity, control, and confidence." Sundeep Goel, Chief Executive Officer of Mavvrik, also addressed the growing challenges facing enterprises, stating: "AI isn't just a new workload, it's a multiplier for cost complexity across the stack. From cloud sprawl to opaque billing and siloed cost data, enterprises are struggling to govern spend. This partnership brings together the proven technology and expertise to help teams regain control and scale with confidence." The partnership is a response to the evolving requirements of organisations that are investing heavily in both the development and operation of AI and digital infrastructure. By combining expertise and technologies, R Systems and Mavvrik claim their solution will assist clients in identifying the primary drivers of costs, enforcing financial discipline, and maximising the return on their technology investments. Through real-time dashboards, automated controls, and unified insights, the joint solution is positioned to address problems such as fragmented expense tracking and lack of data transparency. The goal is to enable companies to understand and manage complex cost structures in environments that utilise a mix of AI, on-premise, and cloud-based technology. R Systems provides digital product engineering services and focuses on supporting clients in areas including cloud, data, AI, and customer experience for enterprises across sectors such as telecom, media, finance, manufacturing, healthcare, and public services. The company delivers software products and digital platforms with a product-first approach and offers automation and integration services, including Robotic Process Automation (RPA) and no-code/low-code solutions. Mavvrik specialises in financial control for organisations adopting AI and hybrid infrastructure through real-time cost visibility, intelligent attribution of expenses, and proactive budget enforcement. Their technology is used to provide enterprises with tools to manage, optimise, and forecast their digital infrastructure spending. The partnership's focus on delivering measurable control, budgetary policy enforcement, and spend visibility is intended to support companies as they scale their technology investments and integrate AI-driven services. The alignment between R Systems' engineering and evaluation experience with Mavvrik's platform is expected to address challenges related to cloud expenditure, transparent billing data, and cost accountability across dynamic IT environments.
