Rolta Makes Strategic Acquisition of AdvizeX, USA
Rolta Makes Strategic
Acquisition of AdvizeX, USA
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.
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