Rolta India acquires US-Based Software Co TUSC for US$ 45 MLN

Rolta India acquires US-Based Software Co TUSC for US$ 45 MLN

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Rolta is a firm specializing in Geographic Information Systems (GIS)/GeoSpatial information systems, engineering design, and enterprise information and communications technology. It has acquired Broech Corporation, an IT consulting company specializing in ERP applications as well as database and BI solutions, based on Oracle technologies. Broech carries out its business as “TUSC”. The transaction is worth about US $45 million, including escrows and earn-outs. Rolta expects this transaction to be immediately accretive to shareholder value in the current fiscal year ending in June 2008.

This is the second acquisition by Rolta in six months and will bring to Rolta a strong portfolio of products and customers, improved access to complementary markets, and industry service lines. It will also strengthen its global delivery model, while continuing to leverage its existing core competencies in the GeoSpatial and engineering domains.

TUSC has excellence centers and offices across the US staffed by over 160 consultants. Established in 1988, TUSC has served over 2000 customers in diverse sectors like utilities, energy, engineering, manufacturing, finance, insurance, retail, government, healthcare, services, transportation, and technology. The three founders of TUSC; Rich Niemiec, Joe Trezzo, and Brad Brown, will continue to lead the company.

K. K. Singh, chairman and CEO of the Rolta group, said, “This (the acquisition of TUSC) brings into the Rolta fold, a company that has strategic maturity, exceptional technology, commendable work ethic, established branding, and a strong portfolio of high-end consulting services. We will now be able to provide enterprise level solutions to our customers worldwide.”