R Systems buys Novigo, Mangaluru's biggest technology deal
Blackstone-backed R Systems has acquired Mangaluru's Novigo Solutions for ₹400 crore, potentially ₹950 crore with performance-linked shares. This marks city's third major tech exit in four years, cementing its "Silicon Beach" status. Novigo's strong growth and AI expertise will bolster R Systems' automation suite, while boosting local talent, capital inflows, and regional innovation confidence.