September 15, 2009 -- RAMTeCH Software Solutions announces the acquisition of the business and assets from Tier 3, Inc., the market leader in automated conflation products and services. Terms of the transaction were not disclosed.
Over the recent times, the North American market has seen many clients trying to update and maintain their Geospatial data to have more accurate information available to their engineers, field crew, planners, and decision makers. Tier 3’s gConflate and gMaintenance solutions have been the proven, market dominant, products helping clients achieve these goals.
On announcing the acquisition, RAMTeCH President, Manish Sanwalka, said, "This acquisition will augment RAMTeCH’s Geospatial services offerings to Utilities, Energy, Telecommunications, and Government markets. RAMTeCH will assume all ongoing contracts and business relationships of Tier 3 and will employ all of the people currently associated with Tier 3’s operations; therefore we are certain of a seamless transition of the business with no interruption of service or other impact to clients and partners.”
Bill Nantell, CEO of RAMTeCH'’s US operations, commented that “With the addition of the automated conflation technology and the NAVTEQ partnership, the combined service offerings will bring significant benefits to our customers, including enhanced value propositions, great delivery flexibility, expanded technical capabilities and the assurance of a financially strong service provider”.
RAMTeCH has been debt free and profitable since its inception and is actively pursuing other acquisition opportunities in North America and Europe as part of its growth strategy.
RAMTeCH provides Information Technology Outsourcing services to the global market, with prime emphasis on Geospatial and Engineering Services. For over 17 years, RAMTeCH has consistently excelled in providing its clients in North America, Europe and Middle East with the best services from its ISO 9001:2000 and 27001 certified facilities. RAMTeCH is headquartered in New Delhi, India, and employs over 1600 people globally, with offices in Wisconsin and Florida in the USA. www.ramtech-corp.com