Zensar Technologies surges on entering into five-year agreement with Assurant Health

12 Feb 2013

Zensar Technologies is currently trading at Rs. 243.50, up by 3.85 points or 1.61% from its previous closing of Rs. 239.65 on the BSE.

The scrip opened at Rs. 242.00 and has touched a high and low of Rs. 249.90 and Rs. 239.00 respectively. So far 5675 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.45 on 03-Oct-2012 and a 52 week low of Rs. 169.00 on 13-Feb-2012.

Last one week high and low of the scrip stood at Rs. 253.00 and Rs. 234.65 respectively. The current market cap of the company is Rs. 1045.83 crore.

The promoters holding in the company stood at 48.35% while Institutions and Non-Institutions held 11.90% and 39.74% respectively.

Zensar Technologies, an RPG Enterprises company, has entered into a five-year agreement with Assurant Health, for information technology support of a suite of business applications.

The Zensar relationship spans development, testing, maintenance, enhancement and IT support for a suite of business applications used by Assurant Health for policy administration, underwriting and claims processing. Through the new five-year agreement Zensar has become a preferred IT provider, expanding upon the service relationship with Assurant Health that began in 2005.

Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences.

Assurant Health is the brand name for a family of health insurance products focused on providing a variety of affordable plan choices to consumers. The portfolio of health care products includes major medical, supplemental and fixed-benefit plans for individuals, families and small employers.

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