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Prism Informatics terminates SPA with IMT, Saudi Arabia

17 Sep 2011 Evaluate

Prism Informatics has terminated the transaction and share purchase agreement (SPA) with Information Management Company (IMT), Saudi Arabia. However, the company has informed that the termination of this acquisition will not affect business growth of the company.

Besides, the company has been awarded multiple SAP projects from Sri Lanka’s one of the biggest conglomerate- Hemas. According to the deal, Prism will deliver services like, ERP upgrade project for their organization wide Baseness Processing running on SAB ERP, IRFS reporting implementation bringing financial reporting standards to global level, Strategic business intelligence software implementation and the company will also resale SAP licenses of ERP, business objects and BPC to Hemas.

Prism Informatics is one of the fastest growing software development companies, with most of its business coming from its ever satisfied repeat customers. A midsized software development company, Prism's focus has been on delivering cutting edge software solutions coupled with building client relationships.

Peers
Company Name CMP
TCS 2401.75
Infosys 1162.50
HCL Tech. 1183.45
Wipro 197.35
Tech Mahindra 1448.15
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