Mumbai-based IT solutions provider Rolta India Ltd has acquired AT Solutions Group’s AdvizeX Technologies through its wholly owned US-based subsidiary Rolta International Inc. for about $32 million, including escrows and earn-outs.
The acquisition brings to Rolta a strong portfolio of products and services, 2,500-plus active customers, a large technology-enabled workforce and robust partnerships with industry leaders. With this deal, Rolta is now among the top national partners of Oracle, Microsoft, HP, EMC and VMware in the US.
Commenting on this acquisition, Fred Traversi, president of AdvizeX, said, “With Rolta’s deep IT software and services expertise, we are now well-positioned to lead the market in providing software-defined IT Infrastructure. Going forward, customers will see great value in our combined breadth of IT services, and software & hardware solutions, which address the IT infrastructure needs of the CIO as well as the business needs of the CEO, COO and the CFO.”
Established in 1975, Cleveland-headquartered AdvizeX provides a comprehensive set of products and services for a company’s IT lifecycle – right from roadmap planning and evaluation of cloud and data centre strategies through to design & implementation of complete infrastructure solutions, including security and enterprise-level managed services. The company has 12 regional offices in the US.
Rolta focuses on IT-based solutions for implementing geospatial and geographic information system, e-business and other related services. Rolta iPerspective is a unique platform for SOA (service-oriented architecture) and cloud enablement for enterprise-level integration. The firm has executed projects in more than 40 countries.
“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 worldwide for cutting-edge and emerging technologies, such as cloud computing and virtualisation,” said K.K. Singh, chairman and CEO of the Rolta group.
In July 2011, Rolta India acquired 51 per cent stake in Dubai-based public safety and emergency response company ACLS Systems FZC for an undisclosed amount. In the same year, the firm sold its 50 per cent stake in Shaw Rolta to its JV partner Stone & Webster Inc. for $27.5 million.
In the past five years, Rolta had acquired several other foreign firms including Columbia-headquartered maritime security solutions division of the Mariner Group, LLC, US-based OneGIS Inc., US-based Piocon Technologies Inc. and Canada-based Orion Technology Inc.
(Edited by Sanghamitra Mandal)