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What does it mean, or how do you pronounce it?

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Just like SDL, RWS is indeed an initialism. You can read some of the history here: https://en.wikipedia.org/wiki/RWS_Group

RWS, which in the Netherlands also stands for the government entity responsible for keeping our feet dry, stands for Randall Woolcott Services.

You read it as Arr-DoubleU-Ess, I guess.

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