Rolta India gains on entering into strategic OEM agreement with SAP

19 Nov 2013

Rolta India is currently trading at Rs. 69.50, up by 1.15 points or 1.68 % from its previous closing of Rs. 68.35 on the BSE.

The scrip opened at Rs. 68.35 and has touched a high and low of Rs. 70.50 and Rs. 68.30 respectively. So far 189720 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.25 on 05-Nov-2013 and a 52 week low of Rs. 50.00 on 12-Jun-2013.

Last one week high and low of the scrip stood at Rs. 69.70 and Rs. 62.40 respectively. The current market cap of the company is Rs. 1121.24 crore.

The promoters holding in the company stood at 49.08% while Institutions and Non-Institutions held 22.15% and 27.54% respectively.

Rolta India and SAP AG have entered into a strategic original equipment manufacturer (OEM) agreement where Rolta will integrate numerous industry solutions with platform technology from SAP. Rolta will provide customers across the world with cutting-edge business analytics and Big Data solutions designed to exploit the power of SAP technology by combining Rolta’s products with the database and technology portfolio offered by SAP. The portfolio which includes the SAP HANA platform, SAP Sybase IQ software, SAP Predictive Analysis software and the SAP Strategy Management application will be embedded in Rolta’s solutions.

The scope of the agreement covers numerous solution suites, including Rolta OneView Suite, Rolta Geospatial Fusion Suite, Rolta iPerspective Suite and Rolta OT-IT Integration Suite. These suites, particularly Rolta OneView, are eminently suited to harness the power of SAP HANA. The sophisticated, field-proven solutions will be integrated with SAP HANA and tailor-made to address an organization’s specific needs, such as business intelligence (BI) and analytics, in industries including oil & gas, chemicals, utilities, manufacturing and transportation. The integrated operational excellence solution based on Rolta OneView, for example, will offer consistent information with actionable intelligence to stakeholders across the enterprise.

Rolta India conducts business in India, and internationally through subsidiaries in various countries. Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare. The increased holding places Rolta in compliance with Indian Defence manufacturing/procurement guidelines that mandate that bidders have more than 50% holding in the hands of Indian promoters.

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