Yes, I agree. That usage of “revert” is strange to me, but it does indeed seem to be used to mean “reply”, as in the following example from a web page:
“We will revert by fax or email (as is appropriate) within the first few hours of the next weekday.”
One of the meanings of “revert” is to go or come back to an earlier time/state, as in this example about using a dialog on the computer:
“You can revert by clicking Cancel” (meaning go back to the previous status). So it looks like a portion of that meaning is reflected in this use of revert.
However, using “revert” to mean reply is not part of my native-speaker lexicon, but as you know there is considerable variation in English from region to region. I'd recommend you stick with “reply” for e-mail and faxes, and that you use “revert” only when the intended meaning is to return to doing or being something (usually something less satisfactory) from an earlier period.