New Delhi, July 6: Rolta India Ltd today said it expects to generate revenues worth 100 million dollars in the next three to five years with the acquisition of Canadian software and integration company Orion Technology Inc.
Rolta signed a purchase agreement Orion, a company specialising in enterprise web-GIS solutions.
The acquisition will position the company to provide spatial integration consulting, software and implementation services for global customers.
''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,'' company Chairman and Chief Executive Officer K K Singh said.
As a wholly owned subsidiary of Rolta, Orion will continue its operations under the same name from its headquarters in Canada.
These solutions are used by organisations 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 others like Railways and Transportation, Environment, Telecommunications etc to enhance their service delivery.