Rolta Announces Acquisition Of TUSC

Rolta has announced the acquisition of Broech Corporation, doing business as "TUSC", which is an IT Consulting Company specialising in ERP applications as well as Database and Business Intelligence solutions, based on Oracle technologies. The consideration for this transaction is about US$ 45 million, including escrows and earn-outs.

K. K. Singh, Chairman and CEO of the Rolta group, said, "We are extremely pleased with the acquisition of TUSC who shares our passion for excellence. This brings into the Rolta fold, a company that has strategic 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."