Rolta India acquires TUSC for $45 mn

Rolta India acquires TUSC for $45 mn
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First Published: Wed, Jan 23 2008. 11 12 AM IST
Updated: Wed, Jan 23 2008. 11 12 AM IST
Mumbai: Engineering and geospatial services firm Rolta India Ltd on Wednesday announced the acquisition of TUSC for $45 million.
The acquisition is expected to contribute to Rolta’s earnings in the current fiscal year ending June 2008, it said in a statement.
Chicago-based TUSC is a consulting company for business software applications.
In 2007 its revenues were more than $48 million with a compounded annual growth rate of more than 30% over the past four years, it added. More than half of its revenue comes from renewals from existing clients.
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First Published: Wed, Jan 23 2008. 11 12 AM IST