Rolta, a leader in providing knowledge-based comprehensive IT solutions and services in GeoSpatial/GeoEngineering, Engineering Design, and advanced Security and Network Management, to clients worldwide, today announced the signing of a purchase agreement to acquire Orion Technology Inc., a Canadian software and integration company specializing in enterprise web-GIS solutions.
Mumbai (PRWEB) July 8, 2007 -- Rolta, a leader in providing knowledge-based comprehensive IT solutions and services in GeoSpatial/GeoEngineering, Engineering Design, and advanced Security and Network Management, to clients worldwide, today announced the signing of a purchase agreement to acquire Orion Technology Inc., a Canadian software and integration company specializing in enterprise web-GIS solutions.
This is a strategically important acquisition that enables Rolta to own exceptional technologies for taking its GIS offerings to the next level of sophistication. Orion employs innovative technologies that allow users to connect to and integrate complex geospatial and non-spatial data from disparate sources. Rolta therefore will provide a unique capability to its customers for turning their existing GIS investments into true enterprise solutions, in an extremely user-friendly and cost-efficient manner.
With Orion's technology and expertise, Rolta is now distinctively positioned to provide spatial integration consulting, software, and implementation services for global customers who have a growing need for innovative, web-based, platform-neutral geospatial solutions to efficiently integrate their GIS resources to meet the information needs of their constituents. These solutions have been used by many organizations including economic development agencies to attract investments, government agencies to facilitate elections, utility companies to integrate their spatial data for management of assets and operations, municipalities around the world to manage land records, and many other organizations such as Railways and Transportation, Environment, Telecommunications, etc. to enhance their service delivery.
As a wholly owned subsidiary of Rolta, Orion will continue its operations under the same name from its headquarters in Canada, and will be managed and operated by the Management team that is currently in place.
Mr. Zul Jiwani, Founder and Chairman of Orion, stated, "We are excited about becoming a part of the Rolta group. This fulfils our aspiration to have a global reach for promoting widespread use of our products and services. The combined strength of our two organizations will also enable us to accelerate enhancement of our products and services".
Mr. K. K. Singh, Chairman and CEO of the Rolta group, stated that, "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". Rolta expects to generate revenues of the order of $100 million in the next three to five years by integrating the technologies now acquired, with Rolta solutions.
About Orion:
Orion Technology Inc., based in Richmond Hill, Ontario, Canada, is a product development and integration company, specializing in web-GIS. Orion's focus is on helping organizations incorporate spatial technology into all facets of their business. Orion's wealth of knowledge in the GIS domain and top-notch software-development expertise is showcased by the award-winning flagship product OnPoint. OnPoint is enjoying growing support in the GIS community, both domestically and internationally, as a standard for providing geographic data through intuitive Internet and Intranet web-based user interfaces. OnPoint provides out-of-the-box implementation capabilities, advanced security, multiple language support, powerful administration tools for customizing and managing web portals, and unparalleled data and application integration features. OnPoint can connect to multiple spatial data sources including ESRI® ArcGIS® Server, ArcIMS®, ArcSDE™, OGC® (WMS & WFS), Microsoft® Virtual Earth™ and MapPoint®, Pictometry® and more. It also connects to non-spatial data in Oracle®, SQL Server™, and any other ODBC complaint database to allow user interaction. OnPoint implementation requires no programming because it is fully configurable through the powerful administration tool. Orion's easy-to-use web-GIS solutions have helped it achieve phenomenal success in securing and delivering projects for reputable clients worldwide -- from small organizations to entire countries.
About Rolta:
Rolta is an Indian multinational organization that has executed projects in over 35 countries. Rolta is a leading provider and developer of Information Technology based GeoSpatial Information Systems (GIS), Engineering Design Services, Software Development, advanced Security and Network Management, and ERP Consulting and Deployment services worldwide. Rolta, through its joint venture Stone & Webster Rolta Ltd., provides comprehensive Engineering, Procurement and Construction Management (EPCM) services to meet turnkey project requirements of power, oil, gas and petrochemical sectors. Rolta's joint venture with Thales, France leverages a broad spectrum of cutting-edge technologies, systems and solutions from Thales, and Rolta's leadership position in the Indian market. This JV will take advantage of technology transfer from Thales for developing state-of-the-art Command, Control, Communications, Computers, Intelligence, Surveillance, Target Acquisition and Reconnaissance (C4ISTAR) information systems, for domestic and international markets. Rolta, headquartered in Mumbai, employs over 4000 professionals with countrywide infrastructure and international subsidiaries across the globe. Forbes ranked Rolta as one of "Asia's best 200" under a billion for the fourth time in the last six years. The company is listed on the NSE and BSE in India, with its GDRs listed on the London Stock Exchange and its FCCBs are listed on Singapore Stock Exchange.
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