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Rolta India shines as its arm acquires AdvizeX Technologies

06 Nov 2012 Evaluate

Rolta India is currently trading at Rs. 65.50, up by 0.30 points or 0.46% from its previous closing of Rs. 65.15 on the BSE.

The scrip opened at Rs. 65.60 and has touched a high and low of Rs. 66.55 and Rs. 64.80 respectively. So far 2, 43,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.10 on 01-Mar-2012 and a 52 week low of Rs. 50.15 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 66.55 and Rs. 60.00 respectively. The current market cap of the company is Rs. 1,055 crore.

The promoters holding in the company stood at 44.21% while Institutions and Non-Institutions held 27.60% and 25.98% respectively.

Rolta India, a leading provider of information technology consulting, solutions and services, has acquired through its wholly owned subsidiary, Rolta International. Inc, of AT Solutions Group, LLC, the parent of AdvizeX Technologies, LLC (AdvizeX), a US company that provides total solutions consisting of hardware, software, and specialized advisory and technology services for implementing cutting-edge IT strategies like Cloud computing and Virtual Data Centers. The consideration for this transaction is about $32 million, including escrows and earn-outs.

With this acquisition, Rolta is among the top national partners of Oracle, Microsoft, HP, EMC, and VMware in the US, and has been recognized by its partners and customers through various awards for technology innovation and excellence.

Rolta has been a provider of state of-the-art solutions for enterprise-level integration and business analytics for Enterprise Performance Management, CRM, and ERP, besides comprehensive geospatial and engineering Solutions. The combined portfolio of the two companied, based on the best-of-class technology platforms of partners, offers tremendous opportunity to Rolta to comprehensively address the needs of the larger customer base, including that of AdvizeX, by leveraging deep expertise in its chosen vertical segments, and IP-differentiated solutions, Rolta will be well positioned to participate in main-stream IT business.

This acquisition brings to Rolta a strong portfolio of products and services, over 2500 active customers, a large technology-enabled work Force, and very robust partnerships with industry leaders.

Established in 1975, AdvizeX is head quartered in Cleveland, Ohio with corporate management in Boston, Massachusetts, and 12 regional offices in the US. AdvizeX has a world-class 'Center of Excellence' with an exceptional capability to work with customers to interactively evaluate options for- achieving optimal business performance. Leveraging its expertise and infrastructure, AdvizeX provides a comprehensive set of products and services for a company's IT lifecycle - from roadmap planning, and evaluation of Cloud and data-center strategies, through design and implementation of complete infrastructure solutions, including security and enterprise-level managed services.

Rolta India Share Price

1.67 0.00 (0.00%)
17-Dec-2025 16:59 View Price Chart
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