Mumbai-based Rolta today announced the signing of an agreement to acquire Orion Technology, a Canadian software and integration company specialising in enterprise web-GIS (geographical information systems) 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.
K K Singh, chairman and CEO of the Rolta group, said: "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".
Read more in The Business Standard article.
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