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Rolta acquires AdvizeX Tech for USD 32 mn

Mumbai: Rolta, provider of IT consulting, solutions and services, has acquired AT Solutions Group, the parent of AdvizeX Technologies for USD 32 million (around INR 175 crore), including escrows and earn-outs.

The acquisition was done through its wholly owned subsidiary, Rolta International. AdvizeX Technologies, a US company provides total solutions consisting of hardware, software, and specialised advisory and technology services for implementing IT strategies like cloud computing and virtual data centers.

This acquisition brings to Rolta a portfolio of products and services, over 2,500 active customers, a large technology-enabled work force, and 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. With this acquisition, Rolta is now among the top national partners of Oracle, Microsoft, HP, EMC, and VMware in the US.

Rolta has been a provider of solutions for enterprise-level integration and business analytics for enterprise performance management, CRM, and ERP, besides geospatial and engineering solutions.

The combined portfolio of the two companies offers a tremendous opportunity to Rolta to address the needs of the larger customer base, including that of AdvizeX. By leveraging expertise in its chosen vertical segments, and IP-differentiated solutions, Rolta will now be well positioned to participate in main-stream IT business, said the company in a statement.

Rolta group Chairman and CEO K. K. Singh said, “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.”

Source: Business Standard