3i Infotech’s step down subsidiary - 3i Infotech (Western Europe) Group, has signed an agreement to sell 3i Infotech (Western Europe) and 3i Infotech (Flagship-UK) (collectively referred to as 3i Infotech Western Europe) to Objectway Financial Software, which is a leading provider of wealth management and digital software solutions in EMEA. 3i Infotech Western Europe provides investment management software solutions to midmarket UK firms.
This sale is in line with the group’s strategy to sell its non-core assets / investments and use the additional cash generated from such sale to deleverage its balance sheet and for business purpose.
3i Infotech is a global Information Technology company committed to Empowering Business Transformation. A comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management.
Company Name | CMP |
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TCS | 3863.75 |
Infosys | 1414.85 |
HCL Tech. | 1360.40 |
Wipro | 457.25 |
Tech Mahindra | 1266.90 |
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