Indian software firm Rolta on Friday said it was signing an agreement to acquire the Canadian software firm Orion Technology for an undisclosed amount.
Without disclosing the deal size, Rolta, in a statement here said it expected to generate around $100 million over the next five years by integrating the acquired technology from Orion, which specialized in enterprise web-GIS (geographical information systems) solutions.
Orion will continue its operations under the same name from its headquarters in Canada, and would be managed and operated by the management team that is currently in place.
Orion's founder and chairman Zul Jiwani said: "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.
(Source: Economic Times)
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