July 29, 2008
Rolta Announces Acquisition Of WhittmanHart Consulting
Mumbai, July 29, 2008: Rolta, one of India's leading IT companies, today announced the signing of an agreement to acquire WhittmanHart Consulting, the consulting Division of WhittmanHart Inc., a premier Chicago based company providing value driven solutions in digital communications, process improvement, and enabling technologies, for over 20 years. WhittmanHart Consulting (WHC) is a management and technology consulting services firm that delivers solutions with a unique blend of industry relevance, business process innovation and technology expertise. The company is recognized today as an industry leading provider of consulting services in the Business Intelligence (BI) arena, particularly focused on the Hyperion software technology acquired by Oracle Corporation in 2007. WhittmanHart, Inc. will retain and continue to operate WhittmanHart Interactive, its leading interactive agency, in a standalone capacity.
Established in 1984, WHC fills an important need for Rolta, bringing significant strength and track record in Oracle's Hyperion products and a major focus on Enterprise Performance Management (EPM). WHC addresses end-to-end solutions for the needs of Business C-level executives to solve EPM issues through the use of WHC's unique tools and methodologies. WHC employs over 80 highly experienced consultants with management consulting, IT and industry specific backgrounds. Using its industry expertise, WHC has developed proprietary financial templates, driver-based planning models, and BI Scorecards and acceleration tools.
WHC has served several hundred clients, including Fortune 500 companies across many industries. To deliver BI solutions, WHC possesses expertise in diverse platforms including Oracle Financial Applications, SAP EPM, SAP Business Objects, Cognos and especially Oracle's Hyperion Suite. With Hyperion's leadership in BI tools and financial applications which are deployed in thousands of corporations, WHC proficiency in Hyperion gives Rolta a tremendous opportunity for expansion at the high end of the services value chain.
WHC's partners include Oracle, Business Objects, Cognos, CA and HP. WHC has been an Oracle/Hyperion Certified Advantage Partner for over 10 years and recently received Oracle's System Integration Partner of the year award for Oracle EPM. WHC is also an active member of Oracle's Partner Advisory Council, one of 20 partners worldwide.
The assets and business opportunities acquired through this transaction will be readily integrated into the operations of Rolta-TUSC. This merger will bring immediate value to Rolta, its investors and its customers by extending the Rolta-TUSC excellence from the Oracle database and applications layers into the Business Intelligence domain. This acquisition will position Rolta more strongly than ever, to offer a full end-to-end continuum of services to customers. This raises Rolta's offerings to the next level since, typically, the decision on implementing business intelligence tools is highly strategic and made by company CXOs.
As a part of its systematic and aggressive growth plans, Rolta has adopted a clear acquisition strategy. This transaction enables Rolta to move up the value chain and address complementary markets. Rolta can now offer a more complete range of business solutions and consulting services, such as EPM and risk management, especially to its GIS/geospatial and engineering clients. At the same time, Rolta can also leverage the WHC customer base by offering its complementary solution suite. With the WHC transaction, Rolta will acquire an impressive track record, a significant customer base, highly experienced consultants, unique methodologies and technologies in a fast-growing market niche, ongoing customer contracts, and a profitable revenue stream.
Speaking on the occasion, Mr. K. K. Singh, Chairman and CEO, said, "The move to add Business Intelligence solutions to our portfolio is further validation of our commitment to growth through the delivery of higher value to our clients. This acquisition is in keeping with our declared strategy of acquiring technologies and skills that help our clients get greater returns from their investments in enterprise solutions and services from Rolta."
Rolta is an Indian multinational organization that has executed projects in over 40 countries. The Company is a strong player in the Defence, Government, Infrastructure and Security markets, worldwide. Rolta serves these markets by providing innovative solutions in Geospatial Information Systems (GIS); Engineering & Design Services (EDS); and Enterprise Information & Communications Technology (EICT), which includes Software Development, Advanced Security, Network Management, Oracle Apps, ERP Consulting and Business Intelligence. Rolta, through its joint venture with The Shaw Group Inc. USA - Stone & Webster Rolta Ltd., provides comprehensive Engineering, Procurement and Construction Management (EPCM) services to meet turnkey project requirements of power, oil, gas and petrochemical sectors. Rolta's joint venture with Thales, France - Rolta Thales Ltd., develops and provides state-of-the-art C4ISTAR information systems, Military Communications, Digital Soldier & Vehicle System solutions, covering the entire "sensor to shooter" chain, under transfer of technology from Thales. By innovatively blending the capabilities of OnPoint™, Periscope™ and other business intelligence tools from its bank of Intellectual Properties, the Company has launched Geospatial Fusion™, a very unique solution that enables instantaneous fusion of various disparate geospatial & non-spatial databases and software applications for generating real-time reports and immediate decision-making. Rolta, headquartered in Mumbai, employs over 5,000 professionals with a countrywide infrastructure and international subsidiaries across the globe. The Company has benchmarked its quality processes with the world's best quality standards. Rolta is accredited with the prestigious BSI ISO/IEC 27001:2005 certification, the ultimate benchmark for information security; the BSI ISO/IEC 20000-1:2005 IT Service Management Standard, and the Company's software development business group has been assessed at the highest level of SEI-CMMI Level 5. Forbes Global has ranked Rolta amongst the "Best 200 Under a Billion" for four times in six years. Rolta has been included in the S&P Global Challengers List™ 2008, by Standard & Poor's. This List identifies 300 mid-size companies worldwide that have a total market capitalization between US$ 1 to 5 Billion and have shown the highest growth characteristics along dimensions encompassing intrinsic and extrinsic growth. The Company is listed on the NSE in cash and F&O segment and forms part of CNX IT, NIFTY Midcap 50 and CNX 500 indices. The Company is also listed on BSE 'A' group and forms part of BSE Midcap, BSE 200, BSE 500, BSE IT and BSE TECK indices. The Company's GDR is listed on the Main Board of London Stock Exchange and its FCCB's are listed on the Singapore Stock Exchange.
For additional information
Rolta India Limited
Mr. Hiranya Ashar,
Director - Finance & Chief Financial Officer
Telephone: +91 (22) 2926 6666
Mr. A. P. Singh,
Joint Managing Director
Telephone: +91 (22) 2926 6666
Mr. Ben Eazzetta,
President, International Operations
Telephone: +1 (678) 942 5000