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NIIT Technologies in demand on acquiring Proyecta Sistemas

16 Aug 2011

NIIT Technologies is currently trading at Rs 199.60, up by 8.20 points or 4.28% from its previous closing of Rs 191.40 on the BSE.

The scrip opened at Rs 194.95 and has touched a high and low of Rs 202.40 and Rs 192.75 respectively. So far 99,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 244.80 on 26-Jul-2011 and a 52 week low of Rs 166.20 on 23-Jun-2011.

Last one week high and low of the scrip stood at Rs 209.00 and Rs 190.15 respectively. The current market cap of the company is Rs 1183  crore.

The promoters holding in the company stood at 39.26% while Institutions and Non-Institutions held 33.34% and 27.40% respectively. 

NIIT Technologies, a global IT solutions organization, has acquired Proyecta Sistemas de Informacion S.A. (Proyecta), a software services company headquartered in Madrid. The acquisition enables NIIT to enhance its European footprint with Proyecta’s successful experience in servicing industry leaders in the Travel and Financial Services segments. This coagulates the company’s front-end capabilities for larger European engagements and provides a gateway to the traditional Spanish speaking countries in Latin America.

Proyecta S.A. with over 100 consultants has deep domain capabilities and proven track record of providing experts and high value added Airlines and Banking consultants in Spain. It has a strong relationship with leading industry players in business intelligence, web and mobility applications.

NIIT Technologies Europe, the Middle East and Africa (EMEA) presence contributes to 35% of its global revenue. The company is ranked No-1 in customer satisfaction among all global outsourcers in the Datamonitor Black Book of Outsourcing 2010 Travel Industry survey and has held this position for three consecutive years.

NIIT Technologies provides IT solutions to its customers located at North America, Europe, Japan, Asia and Australia. It offers range of services in area of Banking, Financial Services and Insurance (BFSI), Travel, Transportation and Logistics (TTL), Retail and Distribution.

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