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GeoEye and Rolta Form Strategic Partnership to Develop Advanced Geospatial Solutions for Global Markets
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 26 April 2012
Release date- 24042012 - Mumbai - Rolta India Limited announced that it has signed a Memorandum of Understanding to partner with GeoEye, Inc. (NASDAQ: GEOY), a leading provider of geospatial information and insight.
With this new partnership, Rolta gains access to GeoEye's high-resolution satellite imagery, services and expertise to develop innovative geospatial products and services. Rolta plans to offer these GeoEye-enabled solutions to its customers across high-growth global markets, beginning with India.
Today's military commanders working in digital battlefield environments need intelligent maps derived from geospatial data and map-accurate imagery to make effective command and control decisions in the field. Rolta is exploring opportunities to leverage GeoEye's imagery service and predictive analytics' expertise to develop defense and homeland security solutions served from its Geospatial Fusion Platform to help users see, understand and anticipate change when lives are at risk.
Preetha Pulusani, Rolta's chief strategy officer said, 'Rolta has been engaged in providing geospatial solutions for over two decades. Imagery plays a critical role - especially for defense and homeland security - to enable users to rapidly analyze change, visualize impacts and make informed decisions in the field in a timely manner. We are pleased to have the opportunity to work with GeoEye to provide our customers with tools and content to meet their most challenging needs.'
Rolta also plans to develop intelligent 3-D city solutions for commercial users in urban planning, construction and infrastructure development. Ninety percent of the fastest-growing metropolitan economies are located outside North America and Western Europe and in regions such as Southern Asia. Rolta intends to offer these high-growth global markets financially viable 3-D model solutions developed from GeoEye satellite imagery.
Tony Frazier, GeoEye's senior vice president of Marketing, said, 'Geospatial intelligence has become crucial to decision making. We are excited about this partnership and believe that our world-class imagery, information service capabilities and expertise, coupled with Rolta's product development and IT services track record, will produce innovative geospatial solutions that deliver clear, deep and timely insights to global government and commercial users.'
About GeoEye
GeoEye is a leading source of geospatial information and insight for decision makers and analysts who need a clear understanding of our changing world to protect lives, manage risk and optimize resources. Each day, organizations in defense and intelligence, public safety, critical infrastructure, energy and online media rely on GeoEye's imagery, tools and expertise to support important missions around the globe.
Widely recognized as a pioneer in high-resolution satellite imagery, GeoEye has evolved into a complete provider of geospatial intelligence solutions. GeoEye's ability to collect, process and analyze massive amounts of geospatial data allows our customers to quickly see precise changes on the ground and anticipate where events may occur in the future. GeoEye is a public company listed on NASDAQ as GEOY and is headquartered in Herndon, Virginia with more than 700 employees worldwide. Learn more at www.geoeye.com
About Rolta
Rolta is a leading provider of innovative IT solutions for many vertical segments, including Utilities, Governments, Transportation, Process, Power, Banking and Insurance. These enterprise level solutions are built around Rolta's intellectual property and domain expertise to offer unique business intelligence for impactful insights for effective decision making.
Rolta's solutions framework includes Geospatial Fusion, a suite to integrate disparate spatial and business data; Rolta OneView, a BI solution for operational excellence and Rolta iPerspective, a unique platform for SOA and 'Cloud' enablement. Rolta's intellectual property repository contains cutting-edge software for mapping and earth sciences, providing the foundation for Defense and Homeland Security solutions including C4ISTAR information systems, Military Communications, Digital Soldier, and Vehicle Systems.
Rolta is a multinational organization headquartered in India, which has executed projects in over 40 countries. Rolta has a countrywide infrastructure and international subsidiaries across the globe. Forbes Global ranked Rolta amongst the 'Best 200 under a Billion' four times in six years. The Company is listed on the Bombay Stock Exchange and National Stock Exchange in cash and F&O segment, and forms part of various indices on BSE/NSE. The Company's GDRs are listed on the Main Board of London Stock Exchange and its FCCBs are listed on the Singapore Stock Exchange.
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.
For additional information visit http://www.rolta.com
Contact:
Rolta
Preetha Pulusani
Chief Strategy Officer
Tel: 91 (22) 2926 6666
Email: Preetha.Pulusani@rolta.com
Ben Eazzetta
President & COO
Tel: +1 (678) 942 5000
Email: Ben.Eazzetta@roltaus.com
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.
[Editorial queries for this story should be sent to newswire@enpublishing.co.uk]
((Comments on this story may be sent to info@enpublishing.co.uk))
(c) 2012 Electronic News Publishing -
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