LAS VEGAS, November 10, 2017 /PRNewswire/ --
NYX Filed Anti-Trust Lawsuit Against William Hill in New Jersey Court
NYX Gaming Group Limited (TSXV: NYX) (NYX.V)("NYX") today announced a change in the previously set date for the special meeting of shareholders of NYX to consider and approve the proposed acquisition ("Acquisition") of NYX by Scientific Games Corporation ("Scientific Games"). The shareholder meeting will now be held in Las Vegas, Nevada on December 20, 2017 and the record date and time for voting at the meeting will be December 18, 2017 at 5:00 p.m. (Pacific time).
NYX also announced that it has filed an action in the Chancery Division of the Superior Court of New Jersey, Atlantic County against William Hill Steeplechase Limited and William Hill Plc (together, "William Hill") and certain of William Hill's officers and directors. NYX alleges that its shareholder William Hill has engaged in wrongful conduct in violation of the New Jersey Antitrust Act in attempting to block the Acquisition, which will bring great benefits to the nascent regulated sports betting industry. The complaint seeks injunctive relief, treble damages and attorney's fees for violations of the New Jersey Antitrust Act, and also alleges tortious interference with economic advantage, and tortious interference with contract, and seeks punitive damages.
In addition, NYX announced today that it has entered into an exclusive agreement with Scientific Games regarding the development and distribution of a new sports betting platform in the United States. The agreement sets forth, on a legally binding basis, the key terms of a proposed commercial partnership to be agreed between NYX and Scientific Games to be incorporated into a new commercial agreement between the parties (the "Commercial Agreement").
Pursuant to the terms of the Commercial Agreement, Scientific Games will commit to make an investment of US$30 million in the aggregate (of which $1 million is immediately due and payable to NYX, with the remaining sums to be paid on a timetable to be mutually agreed by the parties) to fund the development of a new sports betting platform by NYX for use in the U.S. (the "U.S. Platform"). The U.S. Platform would include the betting engine, trading tools and other features to be mutually agreed upon.
Scientific Games will be granted the right to be the exclusive third-party distributor with respect to the U.S. Platform in all territories within the U.S. where sports betting is legalized for a term of ten years commencing upon the first commercial deployment of the U.S. Platform in the U.S. NYX would continue to own all of its existing and newly developed technology under the terms of the Commercial Agreement. Given that Scientific Games is the largest lottery and gaming supplier in the U.S., is licensed in every significant jurisdiction in the U.S., and has relationships with virtually every major operator, partnering with NYX on a mutually exclusive basis will enhance and accelerate NYX's distribution capability in the U.S. and would represent a highly value-creating opportunity for both parties.
"This agreement represents an important step forward for NYX as we continue to position ourselves for greater expansion in the North American market," said Matt Davey, Chief Executive Officer of NYX. "As evidenced by the recent positive legislation for online gaming in Pennsylvania, the market potential continues to grow, and Scientific Games provides a fantastic partner to take advantage of these opportunities. We are excited to move forward at pace in this market."
This agreement with Scientific Games may be terminated (i) by mutual agreement of Scientific Games and NYX, (ii) by either Scientific Games or NYX if the arrangement agreement dated September 20, 2017 in respect of the Acquisition (the "Arrangement Agreement") is terminated in connection with NYX entering into a superior proposal or the board of NYX making a change in recommendation and in either case the superior proposal is consummated, or (iii) by NYX if the Arrangement Agreement is terminated in circumstances where the Acquisition is not approved by at least 51% of the votes of NYX shareholders (excluding William Hill and its affiliates) at the shareholders meeting.
Information Circular and NYX Shareholders Meeting
Your vote is important. The information circular and form of proxies will be mailed shortly. Upon receipt, if you have any questions about any of the information or require assistance in completing your forms of proxy or voting instruction forms, as the case may be, please contact our information and proxy solicitation agent, D.F. King, toll free in North America at 1-800-761-6707 (1-212-771-1133 by collect call) or by email at firstname.lastname@example.org.
NYX Gaming Group Limited (TSXV: NYX) is a leading digital gaming provider, headquartered in Las Vegas, USA, with a staff of more than 1,000 employees globally, including more than 600 engineers.
NYX delivers value by adhering to the highest standards of customer service, probity and responsibility. It has one of the broadest distribution bases in the industry, with more than 200 unique customers.
The award-winning NYX OGS? (Open Gaming System), which allows licensees to leverage the best-of-breed, multi-vendor casino content from around the world, is acknowledged to be the industry's market-leading gaming offering. From its own studios and a broad partner network of the most innovative third party suppliers, NYX offers customers the widest portfolio of content available, with access to more than 2,000 game titles, via OGS?.
In addition, NYX's award winning sports betting division OpenBet is utilized and trusted by leading sports book operators, with its scale and performance world-renowned. In 2016, the OpenBet Sportsbook processed more than two billion bets and broke new records at the 2017 Grand National, where it processed 68,000 peak bets-per-minute.
NYX Gaming Group Limited is listed on the TSX Venture Exchange under the symbol TSXV: NYX.
This press release includes "forward-looking statements" and "forward-looking information" (collectively "forward looking statements") within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate," "estimate," "should," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, beliefs, assumptions and estimates and are not guarantees of timing, future results or performance. Similarly, statements herein that describe the proposed transaction, including its financial impact, and other statements of management's expectations, beliefs, assumptions, estimates and goals regarding the proposed transaction are forward-looking statements. It is uncertain whether any of the events or results anticipated by the forward-looking statements (including consummation of the proposed transaction) will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined company or the price of Scientific Games' stock. These forward-looking statements involve certain risks and uncertainties and other factors that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: uncertainties as to the litigation against William Hill Steeplechase Limited and William Hill Plc in Chancery Division of the Superior Court of New Jersey, Atlantic County against; uncertainties as to the timing of the consummation of the proposed Commercial Agreement, the ability of the parties to consummate the Commercial Agreement, that the conditions set forth in the agreement with respect to the Commercial Agreement will be satisfied, or that the Commercial Agreement will be completed as proposed at all; uncertainties as to the timing of the consummation of the proposed transaction and the ability of the parties to consummate the proposed transaction; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the approval of NYX's shareholders and the approval of the Royal Court of Guernsey; the ability to obtain required regulatory and gaming approvals at all or in a timely manner; the ability to obtain the debt financing necessary to consummate the proposed transaction; potential litigation related to the proposed transaction; disruption of NYX's current plans and operations as a result of the proposed transaction; the ability of NYX to retain and hire key personnel; competitive responses to the proposed transaction; unexpected costs, charges or expenses resulting from the proposed transaction; the ability of Scientific Games to successfully integrate NYX's operations, product lines and technology; the diversion of management's attention from Scientific Games' and NYX's ongoing business operations; and the other risks, uncertainties and important factors contained and identified (including under the heading "Risk Factors") in NYX's filings with Canadian securities regulators, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and NYX undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. NYX is responsible for the information in this press release concerning NYX. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Additional Information and Where to Find It
This communication is being made in respect of the proposed transaction involving NYX and Scientific Games. NYX intends to file with Canadian securities regulators via SEDAR (http://www.sedar.com) a management information circular and certain related materials in connection with the proposed transaction with Scientific Games. The information circular will be sent or given to the shareholders of NYX and will contain important information about the proposed transaction and related matters. NYX GAMING GROUP'S SECURITY HOLDERS ARE URGED TO READ THE INFORMATION CIRCULAR REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
In addition, security holders of NYX will be able to obtain free copies of the information circular from NYX by contacting Dennis Fong, NYX's Investor Relations representative, by phone at (647) 797-3376 or email at email@example.com .
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Group Chief Strategy and Marketing Officer
Todd F. McTavish
Chief Legal Officer & Corporate Secretary
SAN FRANCISCO and LONDON, November 10, 2017 /PRNewswire/ --
The Western Union Company (NYSE: WU), a leader in global payments services, has received a prestigious 'Lightning Bolt' award for "Best Marketplace" innovation at the annual Salesforce user conference, Dreamforce, in San Francisco, California.
The award for the WU® EDGE platform was presented at the inaugural "Community Cloud Trailblazers" award ceremony, which celebrates companies, teams and leaders using Salesforce technology to create a positive impact for customers, employees, partners and communities.
Adam Tiberi, Head of Strategy and Product for Western Union Global Payments, said,
"We're thrilled to receive such a prestigious award and to have the WU EDGE platform recognised at one of the leading technology industry events in the world. The award is testament to the tireless effort from so many of our professionals, and is a truly exciting moment for Western Union and the Global Payments team.
"Our next generation WU EDGE platform delivers incredible capability for our customers. It is enabling us to drive powerful collaborations with small, medium and large organisations across the globe."
The WU EDGE digital platform enables small and medium sized enterprises to trade internationally with confidence and ease. The platform launched in 2016 is now available in 15 markets (UK, US, Canada, Australia, New Zealand, Singapore, Hong Kong, Austria, France, Germany, Italy, Switzerland, Malta, Poland and the Czech Republic).
The award also serves to acknowledge Western Union's role as a participant and enabler of the fintech movement transforming financial services and how it continues to drive innovation in the international payments digital world.
Earlier this year, Western Union unveiled a major upgrade of its digital payments platform for international college students, offering universities a game-changing fintech solution in payments and reconciliation. The enhanced WU GlobalPay for Students platform enables academic institutions to more efficiently receive, reconcile, refund and track payments from international students. The platform is designed to help universities and colleges around the world simplify the reconciliation of incoming international tuition payments, which can be a complex and time-consuming process.
LONDON, November 10, 2017 /PRNewswire/ --
Lombard Risk Management plc (LSE: LRM), the leading dedicated global provider of integrated collateral management and regulatory reporting solutions, is delighted to announce that it has been presented with the prestigious Collateral Platform Provider of the Year award, at the Custody Risk Global Awards hosted last night at a ceremony in London.
Selected by a judging panel of industry experts, Lombard Risk is recognised for its leading position in the market for tier one and two banks globally, and the championing of collateral management as a valued and strategic part of its clients' businesses. Lombard Risk also demonstrated recent client success and market exposure gained through the buildout of its Exchange Traded Derivatives (ETD) module, and the competitive advantage of using a true cross product collateral management system.
In 2017, Lombard Risk also created a client centred ecosystem of best of breed providers around collateral management - to offer clients true front-to-back processing from legal agreement negotiation, trading and execution, through collateral margining to settlement.
Celebrating the increasing interconnectivity in the worlds of custody, fund administration and securities services, the awards ceremony took place on Thursday, 9th November, at the Montcalm Hotel, London.
About Lombard Risk
Lombard Risk is the leading dedicated global provider of collateral management and regulatory reporting solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management requirements to develop technology solutions that will help them adapt as industry challenges evolve.
Counting 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 28 years. Founded in 1989 and headquartered in London, it has offices in Europe (Birmingham, Frankfurt), New York and Asia Pacific (Hong Kong, Shanghai and Singapore), and representative offices in Cape Town, Sydney and Tokyo. Find out more at lombardrisk.com or contact us at firstname.lastname@example.org.
- End-to-end manufacturing solutions accelerate supply chain processes and reduce time of aircraft on ground
- New DuraForm® ProX® FR1200 material delivers FAR 25.853 compliance, meeting the flame retardancy thresholds required by the Aerospace market
DUBAI, United Arab Emirates, Nov. 10, 2017 /PRNewswire/ -- 3D Systems (NYSE: DDD) announced today that it is showcasing its additive manufacturing expertise for the Aerospace and Defense industry, in conjunction with select customers, next week at the Dubai Airshow. As the inventor of 3D printing, the company offers industry-leading end-to-end manufacturing solutions designed for the Aerospace and Defense industry, which are comprised of the broadest portfolio of software, technology, materials, and services capabilities. These solutions help customers produce parts more quickly at significantly lighter weight while retaining tensile strength with lower total cost of operation (TCO) as compared to traditional manufacturing processes.
Dubai Airshow attendees will be able to see 3D production solutions developed with Aerospace customers at the 3D Systems booth, stand 1560.
3D Systems' Bryan Hodgson, advanced aerospace applications for 3D Systems, will be leading a keynote presentation at this year's event discussing the benefits of industrializing 3D printing for Aerospace. The keynote will be held at the air show's conference on Unmanned Aircraft Systems on November 15 at 12:40pm local time.
SLS and New Flame Retardant Material for Interior Cabin Parts
3D Systems' new DuraForm® ProX® FR1200 nylon material delivers FAR 25.853 compliance, meeting the flame retardancy thresholds required by the Aerospace market for interior cabin parts. The material meets AITM Smoke Density and Toxicity Requirements, and its non-halogenated formulation has a favorable health profile. Parts produced with DuraForm ProX FR1200 possess excellent surface quality and a vibrant white color that cannot be attained with competitive materials making it ideal for post-processing and painting. Using this material in conjunction with 3D Systems' SLS additive technology enables very fast, tool-free, on-demand production that accelerates supply chains while reducing inventory and time of aircraft on ground (AOG). The material is currently being certified by a major international airline.
Investment Casting for Dramatically Reduced Time and Cost
3D Systems is the leader in technologies and services for 3D printed investment casting patterns. The combination of its SLA additive manufacturing platforms, QuickCast® methodology, and materials delivers perfect surface finish with a lightweight, zero-ash burnout process. Customers, including Vaupell, use the Accura® CastPro? Free material to produce antimony-free SLA casting patterns for Aerospace customers, delivering unprecedented speed and quality at a fraction of the cost of traditional methodologies. Andy Reeves, a Vaupell sales engineer for new business development, estimates that a specific 26-inch diameter part pattern can be produced with QuickCast on a 3D Systems ProX® 800 SLA 3D printer in two to three days for approximately $6,000 to $15,000. A traditionally produced tool for the same part could take anywhere from several months to more than a year at a cost of $200,000 to $300,000.
Direct Metal Printing for Mission-Critical, Risk-Averse Applications
3D Systems partners closely with many Aerospace companies to research, design and certify metal additive parts for the industry. A major European satellite-based system manufacturer is one such partner that is aggressively researching the technology with an aim to transform satellite design with 3D printed metal parts. 3D Systems' Direct Metal Printing (DMP) is now qualified and fully available for titanium in this manufacturer's applications enabling parts to be significantly lighter and noticeably more compact, with equal or superior tensile strength to traditionally manufactured parts. Today, for certain products like the satellites, 80 percent of metal parts are produced using 3D printing, replacing traditionally manufactured parts.
"3D Systems has a long history in the Aerospace and Defense industry, and many successful collaborations with our customers," said Bryan Hodgson, advanced aerospace applications, 3D Systems. "At this event, we're very excited to be showcasing several that deliver productivity, repeatability, durability, and effective total cost of operation for our customers."
Software Accelerates Progression from Prototyping to Production
In addition to providing technology, materials and professional services, 3D Systems has a complete software portfolio to support the digital manufacturing workflow, from Digitize, Design & Simulation to Manufacture, Inspect and Manage. The company's comprehensive portfolio empowers customers with advanced engineering tools designed to work directly with CAD data and increase accuracy and precision in manufacturing. The company delivers industrial-strength software solutions to support the Aerospace manufacturing workflow, enabling lightweight part design, rapid production of obsolete parts, and preparation for additive and traditional manufacturing. Attendees to Dubai Airshow 2017 are invited to the 3D Systems booth to see how 3D Systems' industry-leading Geomagic® Design X? and Geomagic® Control X? can be used for 3D scanning applications, including reverse engineering and CAD-based inspection.
Ushering in the Next Generation of Additive Manufacturing Solutions
3D Systems' end-to-end solutions for Aerospace and Defense are part of the company's broad additive manufacturing portfolio that enables them to deliver unique solutions tailored to their customers' workflows. Earlier this week, the company announced several new offerings that significantly strengthen the company's portfolio lineup giving them the broadest set of additive manufacturing software, services, and technologies in the industry ? enabling them to address the widest array of customer applications across industries.
The announcement included new production plastic and metal materials, expansion of its leading suite of workflow software, next generation of printing systems enabling customers to scale from prototyping to production using the same materials, and a new professional services capability leveraging the company's 30 years of additive manufacturing experience, advanced applications expertise and global footprint.
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management's beliefs, assumptions and current expectations and may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.
About 3D Systems
3D Systems provides comprehensive 3D products and services, including 3D printers, print materials, on demand manufacturing services and digital design tools. Its ecosystem supports advanced applications from the product design shop to the factory floor to the operating room. 3D Systems' precision healthcare capabilities include simulation, Virtual Surgical Planning, and printing of medical and dental devices as well as patient-specific surgical instruments. As the originator of 3D printing and a shaper of future 3D solutions, 3D Systems has spent its 30-year history enabling professionals and companies to optimize their designs, transform their workflows, bring innovative products to market and drive new business models.
More information on the company is available at www.3dsystems.com.
MUMBAI, Nov. 10, 2017 /PRNewswire/ -- Rolta India Limited (Rolta), a leading provider of innovative IP-led IT solutions for many vertical segments, including Defence and Security, today announced unaudited financial results for the quarter ended September 30, 2017 (Q2 FY - 18).
Mr. K. K. Singh, Chairman and Managing Director said, "The pace of technology and its rapid absorption together with the disruption it can bring in every walk of life is accelerating day by day. At Rolta our IP led solutions strategy and investments in the recent past have been focused on the Digital technologies for all our lines of business. This is ensuring Rolta remains resilient and relevant as it helps organisations to successfully embark on their Digital Transformation journey. This is helping the Company to forge long-term relationships with its customers, and create new opportunities that deliver significant value and returns."
Rolta's persistent efforts at innovation and R&D continues unabated to augment and enrich its growing portfolio of software products and solutions addressing the growing demand for Digital transformation cutting across industries. As a result, Rolta is now able to venture into new solution areas while also judiciously treading into allied industry verticals. The Company's single-minded pursuit for developing innovative IP has also resulted in the grant of patent (No. US 20150331584 A1), by the US Patent & Trademark Office. This patent for 'Use of style sets to assist a user in digitizing GIS layers' provides a novel approach to restrict users working on digitizing GIS features to specific style parameters and thereby ensure creation of data that can be exported in a lossless manner to specific systems by mapping between styling systems of different products.
Defence and Security
C4ISR has been identified as a key component for modernisation of the armed forces, ushering Digitisation, Net-Centricity and synchronisation of intra and inter services military operations. Rolta's C4ISR solutions, deployed in hundreds of key operational sites along the land and maritime boundaries are being exploited for day to day operational activity. As a result, Rolta is poised to greatly benefit due to its track record and investments in creating indigenous products and solutions for the Indian Defence, over last two decades.
In addition to the existing suit of C2 and ISR, Rolta is focussing on cutting edge technologies to develop a number of solutions like Rolta Operational Planning (ROP) Software Suite, War gaming for CI/CT and Conventional Ops.
In the Aeronautical Domain Rolta is addressing Information Based Flight Planner and Air Force Overall Planning Solution for planning of complex aircraft missions. It is a highly versatile planning system with embedded war-gaming and decision support for optimal performance. Rolta Search & Rescue Solution provides analysis tools for the probable crash area thus saving precious time in critical situations where the ejected aircrew are in need of immediate medical attention.
Rolta has successfully expanded its business into Military Security and Communications domain with focused approach on Software Defined Radio (SDR) and High Capacity Radio Relays in partnership with world leaders.
Some of the new initiatives undertaken by Rolta Defense, envisage addressing the security and operational needs of the Central Armed Police Forces, in view of enhanced internal threats, border security and deteriorating law and order situation in the country. These include, situational awareness, Common Operating picture, Operational and intelligence planning tools and UAV Sensor data analysis.
Rolta continues to play a strong role in the Defense Security market in India by providing a full range of solutions that cover Border management, Critical military infrastructure protection, Def Cyber security, Coastal security, Vessel Traffic Management Solution(VTMS) and Multi-agency integration and Emergency response systems. Rolta's indigenous field proven Defense security solutions, like Rolta Command and Control? and Rolta Crime Analytics? have been recognized for the significant value they bring to security programs across the nation.
Rolta has successfully harnessed Geo BI and big data analytics technologies which provide Machine learning and Artificial Intelligence, Predicative and Prescriptive Analytics. We have invitation to bid in RFIs for the cutting-edge BI and Big Data Analytics Solution to deliver actionable insights and predictive analytics across diverse types of assets such as weapons & ammunition, vehicles, equipment, personnel, etc.
The Battlefield Management Systems (BMS)aimed at ushering in Digital Transformation of the Indian Army, is a flagship Project for which the consortium of BEL and Rolta are fulfilling their responsibilities as a Development Agency. We continue to achieve major milestones within the stipulated timeframes with the active support and guidance of the Indian Army.
Geospatial and Engineering Asset Information Management
With decades of expertise and leadership in Geospatial technologies, Rolta has built a formidable track record and IP for replicable Smart City Solutions which include creation of rich digital geospatial repositories, Cloud based multi-agency data integration and collaboration as well as building citizen facing Geoportals with mobility. On the back of a very recent contract from Saudi GCS for a nationwide Digital Transformation program and their decision to standardise on the Geoportal solution developed by Rolta, Saudi Madinah Development Authority awarded a US $1.2M contract to establish their Digital Geospatial enabled repository, multi-agency integration and Smart City portal. This is also expected to encourage other agencies in the Kingdom of Saudi Arabia to follow suit.
Rolta's in-depth experience of building Asset Information Management (AIM) systems of Engineering assets continues to bring tremendous opportunities. Organisations require effective Asset Lifecycle Management for both strategic planning as well as tactical maintenance and analytics. In line with this, Rolta won a major extension from one of the largest green field Petrochemicals complex in the world, a longstanding customer, for structuring, organizing and managing their vast amounts of asset data. Similarly, a leading international engineering, procurement, and construction (EPC) elected to engage Rolta for the engineering design of a leading Specialty Chemicals company which is also expected to grow into a multiyear multimillion dollar asset information management contract. Another example is that of a leading process technology company entrusting Rolta with a significant extension for creating an 'Intelligent Engineering Asset Information' solution as part of the modernization program of an Indian Refinery.
Enterprise IT, Cloud, Mobility and Cyber Security
Rolta addresses a variety of Enterprise IT, Converged System & Cloud Transformation, Mobility and Enterprise / Cyber Security requirements by combining its innovative IP and technical skills which is resulting in significant success and traction globally. For example, an American electric utility customer selected Rolta for their data centre transformation to improve productivity. Similarly, a Fortune 500 Health Services and Distribution company, a long-standing customer, awarded Rolta with an additional US $ 6.1 M contract to enhance their private Cloud infrastructure along with edge communication systems across their distribution network. A non-profit group of hospitals in North America chose Rolta's mobility and security solution to empower their doctors with mobile access across locations, while in the BFSI segment, a bank holding company in North America awarded Rolta with a US $ 1.9 M contract to address their mobility requirements.
Having successfully deployed a multi-million-dollar multi-year unified Identity and Access Management project in the Middle-East for one of the largest Government authorities, Rolta has now been entrusted with an additional multi-million-dollar contract for multiyear support and enhancements. In India, Rolta won a multi?year Enterprise IT project worth US $ 1.5 M for the deployment of a robust cloud based ERP together with a high degree of automation by creating complex workflows for a newly formed government authority. The solution will enable them to manage their accounting, financials, costing, taxation, payroll, procure to pay cycle as well as capital budgeting amongst others.
IoT and Big Data Analytics
Rolta's rich heritage of creating and designing digital repositories enriched with Geospatial as well as Engineering data has uniquely positioned the Company to analyse intricate data patterns and thereby extract the deepest insights from the digital data. Rolta addresses the full spectrum of Big Data analytics maturity journey from initial advisory, data discovery, enablement of big data landscape, establishing an asset information model (AIM) to secure IoT integration and advanced analytics. This is enabling the company to address the emerging Industry 4.0 Digital Transformation programs that process manufacturing industries are embarking on.
The Company continues to invest in its flagship Rolta OneView® Enterprise Suite, a unique Big Data Analytics solution through innovations in the areas of IIoT, AI, Machine Learning, Data Lake, Enterprise Knowledge Hub, Self Service BI and Predictive Analytics. Rolta OneView? Industry knowledge model is a powerful pillar of the converged solution. The Company continues to enhance its inherent technology differentiators such as multi-tenant architecture, globalization support, extensibility and scalability, logical data warehouse for enterprise data lake. Additionally, the Company is also investing in adding to its growing portfolio of Business Value Apps. For example, one of the world's largest LNP and integrated gas operations company in the Middle East having deployed an Enterprise wide solution spanning 14 business functions elected to enhance their solution. They engaged Rolta to deploy a Business Value App in order to automate their daily reporting and self-service analytics. Similarly, in the Utilities segment, Rolta won major extensions in UK from a water utilities as well as a power distribution company for their geospatially enabled Asset Information Management, reporting and analytics solution.
About Rolta : Rolta is a leading provider of innovative IP-led IT solutions for many vertical segments, including Federal and State Governments, Utilities, Oil & Gas, Petrochemicals, Financial Services, Manufacturing, Retail, and Healthcare. Rolta is recognized for its extensive portfolio of solutions based on field-proven Rolta IP tailored for Indian Defence and Homeland Security. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops State-of-the-Art Digital Solutions incorporating rich Rolta IP in the areas of Cloud, Mobility, IoT, BI and Big Data Analytics. Rolta is a multinational organization headquartered in India and the Company's shares have been publicly traded for more than 25 years in India.
For additional information please visit http://www.rolta.com, or contact:
Lt. Gen K.T. Parnaik
President ? International Operations
Member of the International Board
JMD ? Defense & Security Business
Member of the Board
JMD ? Global Products & Technology Solutions
Member of the Board
Director ? Finance & Corporate Affairs
Member of the Board
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 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. The Company may make additional written and oral forward-looking statements but does not undertake, and disclaims any obligation, to update them.