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Rolta Makes Strategic Acquisition of AdvizeX, USA
MUMBAI, November 6, 2012 /PRNewswire/ --
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.
(Logo:
http://photos.prnewswire.com/prnh/20121023/570667)
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 virtualisation."
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.
For additional information, visit http://www.rolta.com
Primary Media Contact: Hiranya Ashar, hiranya.ashar@rolta.com, 91-22-2926 6666
Secondary Media Contact: A.P. Singh, ap.singh@rolta.com, 91-22-2926 6666
Photo:
http://photos.prnewswire.com/prnh/20121023/570667
Photo:http://photos.prnewswire.com/prnh/20121023/570667
http://photoarchive.ap.org/
Rolta India Limited
CONTACT: PRN
Rolta Makes Strategic Acquisition of AdvizeX, USA
MUMBAI, November 6, 2012 /PRNewswire/ --
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.
(Logo:
http://photos.prnewswire.com/prnh/20121023/570667)
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 virtualisation."
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.
For additional information, visit http://www.rolta.com
Primary Media Contact: Hiranya Ashar, hiranya.ashar@rolta.com, 91-22-2926 6666
Secondary Media Contact: A.P. Singh, ap.singh@rolta.com, 91-22-2926 6666
Photo:
http://photos.prnewswire.com/prnh/20121023/570667
Photo:http://photos.prnewswire.com/prnh/20121023/570667
http://photoarchive.ap.org/
Rolta India Limited
CONTACT: PRN