Rolta announces Acquisition of Orion Technology Inc

Rolta India Ltd on July 06, 2007 has announced that the signing of a purchase agreement to acquire Orion Technology Inc., a Canadian software and integration Company specializing in enterprise web-GIS solutions.

This is a strategically important acquisition that enables the Company to own exceptional technologies for taking its GIS offerings to the next level of sophistication. Orion employs Innovative technologies that allow users to connect to and integrate complex geospatial and non-spatial data from disparate sources. The Company therefore will provide a unique capability to its customers for turning their existing GIS investments into true enterprise solutions, in an extremely user-friendly and cost-efficient manner.

With Orion's technology and expertise, the Company is now distinctively positioned to provide spatial integration consulting, software, and implementation services for global customers who have a growing need for innovative, web-based, platform-neutral geospatial solutions to efficiently integrate their GIS resources to meet the information needs of their constituents. These solutions have been used by many organizations including economic development agencies to attract investments, government agencies to facilitate elections, utility Companies to integrate their spatial data for management of assets and operations, municipalities around the world to manage land records, and many other organizations such as Railways and Transportation Environment, Telecommunications, etc to enhance their service delivery.

As a wholly owned subsidiary of the Company, Orion will continue its operations under the same name from its headquarters in Canada, and will be managed and operated by the Management team that is currently in place.

Mr. K K Singh, Chairman and CEO of the Rolta group, stated that, "With this acquisition, we have significantly expanded our capabilities to provide state-of-the-art products and services. We will now be able to provide unique solutions that offer high returns on customers’ investments in GIS. This intellectual property also gives us an exceptional platform to develop new solutions for a clientele well beyond the segments traditionally served by Rolta and Orion, such as for mobile applications". Rolta expects to generate revenues of the order of $100 million in the next three to five years by integrating the technologies now acquired, with Rolta solutions.

Source : Equity Bulls

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