Welcome!

Artificial Intelligence Authors: Pat Romanski, Yeshim Deniz, Liz McMillan, Elizabeth White, Zakia Bouachraoui

News Feed Item

Rolta Makes Strategic Acquisition of AdvizeX, USA

MUMBAI, November 6, 2012 /PRNewswire/ --

Rolta, a leading provider of information technology consulting, solutions and services, today announced the acquisition 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 US$ 32 million, including escrows and earn-outs.

     (Logo: http://photos.prnewswire.com/prnh/20121023/570667)

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 headquartered 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 life-cycle - 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. 

With this acquisition, Rolta is now 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 companies, based on the best-of-class technology platforms of partners, offers a 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 now be well positioned to participate in main-stream IT business.

Fred Traversi, President of AdvizeX, said, "The AdvizeX team is excited to join the Rolta family. AdvizeX is known for exceptional technical expertise in the design and deployment of today's most advanced IT infrastructure. With Rolta's deep IT software and services expertise we are now well positioned to lead the market in providing the Software Defined IT Infrastructure. Customers will see great value going forward in our combined breadth of IT services, software and hardware solutions which address the IT infrastructure needs of the CIO as well as the business needs of the CEO, COO and CFO."

K. K. Singh, Chairman and CEO of the Rolta group said, "We are extremely pleased with the acquisition of AdvizeX who shares our passion for excellence. AdvizeX has exceptional technology, established branding and a strong base of repeat customers. We will now be able to offer sophisticated solutions to our customers world-wide for cutting-edge and emerging technologies, such as Cloud computing and virtualisation."

About Rolta:

Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Banking and Insurance.  These enterprise level solutions are built around Rolta's intellectual property and domain expertise to offer unique business intelligence for impactful insights for effective decision making. Rolta's offering includes end-to-end solutions for geospatial applications for mapping and image processing, spatial data analysis and integration through Geospatial FusionTM. Rolta's services and solutions cover the entire life-cycle for the process industry, from engineering design, to operational excellence with its OneViewTM suite. Rolta iPerspectiveTM, is a unique platform for SOA and "Cloud" enablement for enterprise-level integration. Rolta is a multinational organization headquartered in India, which has executed projects in over 40 countries. Forbes Global ranked Rolta amongst the "Best 200 under a Billion" four times in six years. Rolta was included in the S&P Global Challengers ListTM, by Standard & Poor's. The Company is listed on the Bombay Stock Exchange and National Stock Exchange, and forms part of various indices on BSE/NSE in India. The Company's GDRs are listed on the Main Board of London Stock Exchange.

For additional information, visit http://www.rolta.com/

Primary Media Contact: Hiranya Ashar, [email protected], 91-22-2926 6666

Secondary Media Contact: A.P. Singh, [email protected], 91-22-2926 6666

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...