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8KMiles Software Services surges on acquiring FuGen Solutions for $7.5 million

Securekloud Technologies Ltd. | IT - Software | IT & ITES | BSE: 512161 | NSE: SECURKLOUD

15 May 2013 Evaluate

8KMiles Software Services is currently trading at Rs. 62.35, up by 2.30 points or 3.83% from its previous closing of Rs. 60.05 on the BSE.

The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 63.00 and Rs. 61.00 respectively. So far 3383 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.00 on 15-May-2012 and a 52 week low of Rs. 17.65 on 04-Sep-2012.

Last one week high and low of the scrip stood at Rs. 62.00 and Rs. 51.00 respectively. The current market cap of the company is Rs. 62.00 crore.

The promoters holding in the company stood at 66.28% while Non-Institutions held 33.72% respectively.

8KMiles Software Services, a leading global cloud computing company, has acquired FuGen Solutions for $7.5 million to expand and build on its cloud and big data security services and solutions to better serve and meet large enterprises and government agencies growing security and compliance needs.

The purchase includes the acquisition of FuGen Solutions’ market leading patented Cloud Identity Broker and Multi-domain Identity Services Platform (MISP), an on-demand partner onboarding platform that extends the capabilities of existing Identity Management (IDM), SSO solutions and legacy services to allow enterprise customers and their partners to establish, scale and manage their federated access, certification and SSO, and web services via the cloud. The platform is complementary to 8KMiles’ existing cloud architecture, serving as an added layer of security, while streamlining authentication and enabling secure single sign-on access across multiple cloud-based business systems.

8KMiles is an online ecosystem of verified professionals and companies that enables outsourcing of software and other knowledge services completely over the internet. Using the 8KMiles portal, companies (buyers) can “smartsource” any type of knowledge work cost effectively and securely to certified individuals or groups (providers).

Securekloud Tech. Share Price

25.12 0.08 (0.32%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
View more..

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8KMiles Software Services surges on acquiring FuGen Solutions for $7.5 million

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