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Regular-article-logo Wednesday, 21 May 2025

Rolta buys US firm for $45m

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OUR CORRESPONDENT Published 23.01.08, 12:00 AM

Mumbai, Jan. 23: Rolta today announced the acquisition of Chicago-based IT consulting company Broech Corporation for $45 million. Broech carries out its business as TUSC.

Rolta expects this transaction to immediately add to shareholder value. The transaction will get reflected in Rolta’s results for 2007-08 that ends in June.

TUSC specialises in enterprise resource planning applications as well as database and business Intelligence solutions.

K. K. Singh, chairman and CEO of the Rolta group, said, “This brings into the Rolta fold a company that has maturity, exceptional technology, commendable work ethic, established branding and a strong portfolio of high-end consulting services. We will now be able to provide enterprise-level solutions to our customers worldwide, thereby increasing the value for our stakeholders.”

This is the second acquisition by Rolta in a span of six months. Last year in July, the company had acquired Orion Technology.

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