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Rolta buys Canadian-based Orion Technology

Mumbai, India, July 6, 2007: Rolta India Ltd. today announced the signing of an agreement to acquire Orion Technology, a Canadian software and integration company specializing in enterprise web-GIS solutions. While the deal size was not disclosed, Rolta expects to generate around $100 million (around Rs 410 crore) over the next three to five years by integrating the acquired technologies.

As a wholly-owned subsidiary of Rolta, 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. This acquisition enables Rolta to own technologies for taking its GIS offerings to the next level.