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| Rolta to buy US firm
Rolta India Ltd, an information technology firm which specialises in geospatial information systems and high-end engineering, has finalised a deal to acquire a US-based company that specialises in business intelligence.
The move is seen as the company's effort to bolster its enterprise information & communication technology business.
"The business intelligence acquisition will enable us to offer various types of analytics over our existing ERP (enterprise resource planning) offering as well as over the GIS solutions. This would create a synergic mix of technology with intellectual property rights (IPR)," Kamal K Singh, chairman, Rolta India Ltd told DNA Money.
Singh declined to name the company neither the financial specification of the deal on account of non-disclosure agreement with the target company.
However he added that the deal will be closed within a fortnight. The company would fund the acquisition mostly through internal accruals supported by a cash warchest of Rs 500 crore.
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