Mumbai: Rolta, a leading provider of information technology consulting, solutions and services, today announced the acquisition through its wholly owned subsidiary, Rolta International, Inc., of AT Solutions Group, LLC, the parent of AdvizeX Technologies, LLC (“AdvizeX”), a US company that provides total solutions consisting of hardware, software, and specialized advisory and technology services for implementing cutting-edge IT strategies like Cloud computing and Virtual Data Centers. The consideration for this transaction is about US$ 32 million, including escrows and earn-outs.
This acquisition brings to Rolta a strong portfolio of products and services, over 2500 active customers, a large technology-enabled work force, and very robust partnerships with industry leaders.
Established in 1975, AdvizeX is headquartered in Cleveland, Ohio with corporate management in Boston, Massachusetts, and 12 regional offices in the US. AdvizeX has a world-class ‘Center of Excellence’ with an exceptional capability to work with customers to interactively evaluate options for achieving optimal business performance. Leveraging its expertise and infrastructure, AdvizeX provides a comprehensive set of products and services for a company’s IT life-cycle – from roadmap planning, and evaluation of Cloud and data-center strategies, through design and implementation of complete infrastructure solutions, including security and enterprise-level managed services.
With this acquisition, Rolta is now among the top national partners of Oracle, Microsoft, HP, EMC, and VMware in the US, and has been recognized by its partners and customers through various awards for technology innovation and excellence.
Rolta has been a provider of state-of-the-art solutions for enterprise-level integration and business analytics for Enterprise Performance Management, CRM, and ERP, besides comprehensive geospatial and engineering solutions. The combined portfolio of the two companies, based on the best-of-class technology platforms of partners, offers a tremendous opportunity to Rolta to comprehensively address the needs of the larger customer base, including that of AdvizeX. By leveraging deep expertise in its chosen vertical segments, and IP-differentiated solutions, Rolta will now be well positioned to participate in main-stream IT business.
Fred Traversi, President of AdvizeX, said “The AdvizeX team is excited to join the Rolta family. AdvizeX is known for exceptional technical expertise in the design and deployment of today’s most advanced IT infrastructure. With Rolta’s deep IT software and services expertise we are now well positioned to lead the market in providing the Software Defined IT Infrastructure. Customers will see great value going forward in our combined breadth of IT services, software and hardware solutions which address the IT infrastructure needs of the CIO as well as the business needs of the CEO, COO and CFO.”
K. K. Singh, Chairman and CEO of the Rolta group said, “We are extremely pleased with the acquisition of AdvizeX who shares our passion for excellence. AdvizeX has exceptional technology, established branding and a strong base of repeat customers. We will now be able to offer sophisticated solutions to our customers world-wide for cutting-edge and emerging technologies, such as Cloud computing and virtualization.”
About Rolta: Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Banking and Insurance. These enterprise level solutions are built around Rolta’s intellectual property and domain expertise to offer unique business intelligence for impactful insights for effective decision making. Rolta’s offering includes end-to-end solutions for geospatial applications for mapping and image processing, spatial data analysis and integration through Geospatial FusionTM. Rolta’s services and solutions cover the entire life-cycle for the process industry, from engineering design, to operational excellence with its OneViewTM suite. Rolta iPerspectiveTM, is a unique platform for SOA and “Cloud” enablement for enterprise-level integration. Rolta is a multinational organization headquartered in India, which has executed projects in over 40 countries. Forbes Global ranked Rolta amongst the "Best 200 under a Billion" four times in six years. Rolta was included in the S&P Global Challengers ListTM, by Standard & Poor’s. The Company is listed on the Bombay Stock Exchange and National Stock Exchange, and forms part of various indices on BSE/NSE in India. The Company's GDRs are listed on the Main Board of London Stock Exchange.
Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.