READING, England, Feb. 5, 2013 /PRNewswire/ -- Rolta UK Limited, a wholly owned subsidiary of Rolta India Limited, today announced that Northern Powergrid has awarded two contracts to Rolta. The first is to implement a fully integrated asset management system with comprehensive geospatial functionality. The second is to provide data management and quality assurance services relating to asset records. The combined contracts are valued at nearly £7m (approx. $11M) and will be executed over two years.
Ravi Pandey, President of Rolta Europe commented: "Rolta is pleased to be chosen with its proven track record in executing complex systems integration projects in utilities, and geospatial expertise. We are delighted to bring our specialist skills to this exciting project."
The asset management system, with fully integrated location data, is intended to deliver information to management and operations staff with secure access at dispersed business locations and remotely through mobile devices. Asset information and operational KPIs will be updated in near real time.
Rolta will leverage its solution frameworks, deep utilities know-how and IT expertise for enterprise-level systems integration to deliver the contract. Rolta is enabling the Oracle enterprise Asset Management (Oracle eAM) module within Northern Powergrid's existing Oracle e-Business Suite and creating a separate Oracle spatial database.
Northern Powergrid is an electricity distribution company, delivering electricity to nearly 4 million domestic and commercial customers across the north east of England. Management of its assets, some 31,000 substations and 91,000km of overhead and underground cables, is critically important for investment decisions and changes to the asset infrastructure.
About Rolta: Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of intellectual property that spans photogrammetry, image processing, geospatial applications, business intelligence, analytics, field-proven solution frameworks, and deep expertise in cutting-edge technologies like Geo BI, Cloud computing, Software Defined Infrastructure and Big Data for providing sophisticated enterprise-level integrated solutions. Rolta is a multinational organization headquartered in India. The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries. The Company benchmarks its quality processes to the world's best standards, like successful assessment for Software Application Development and Maintenance at the highest Level 5 of SEI's CMMI® version 1.3. Rolta is listed on the Bombay Stock Exchange & National Stock Exchange, and forms part of various indices on BSE/NSE in India. The Company's GDRs are listed on the Main Board of London Stock Exchange.
For additional information: visit www.rolta.com; or contact:
Rolta UK Limited.
Telephone: +44 (0) 1189 450450
Business Operations -- EMEA
Telephone: +91 (22) 2926 6666
Principal Advisor &
Member, Board of Directors, Rolta India
Telephone: +91 (22) 2926 6666
Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
SOURCE Rolta International, Inc.