Cambridge Technology rises on entering into partnership with Apica Systems

11 Jun 2015

Cambridge Technology Enterprises is currently trading at Rs. 25.00, up by 1.05 points or 4.38% from its previous closing of Rs. 23.95 on the BSE.

The scrip opened at Rs. 25.00 and has touched a high and low of Rs. 25.10 and Rs. 24.50 respectively. So far 21,022 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.35 on 08-Jun-2015 and a 52 week low of Rs. 4.75 on 27-Jun-2014.

Last one week high and low of the scrip stood at Rs. 27.35 and Rs. 23.75 respectively. The current market cap of the company is Rs. 49.08 crore.

The promoters holding in the company stood at 46.91%, while Institutions and Non-Institutions held 0.29% and 52.79% respectively.

Cambridge Technology Enterprises (CTE), an IT services leader focused on the convergence of big data and cloud, has entered into partnership with Apica Systems, a leading provider of monitoring and load testing software. The distribution partnership pact includes the resale of Apica Solutions and the wide collaboration in marketing, distribution and implementation related matters.

Apica provides the most effective technology for optimizing the performance of cloud and mobile applications. Apica Systems is an Amazon Web Services (AWS) technology partner and is renowned within the AWS ecosystem.

Cambridge Technology is a global technology services and outsourcing company dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323