Cigniti Technologies to raise Rs 48 crore for growth plans

18 Mar 2014

In a bid to fund its organic and inorganic growth plans, Cigniti Technologies is in the process of raising about Rs 48 crore through preferential allotment of shares.

Moreover, the company is looking at making an acquisition in the specialised testing space either in the UK or Australia for between $5 million and $20 million. Discussions are on and the company is hopeful of sealing a deal in the next six to nine months.

Cigniti Technologies, co-founded by Subramanyam in 1999, is based in Hyderabad with subsidiaries in the US and UK, it offers mature testing processes and methodologies that help ISVs and Enterprise IT organizations to achieve predictable, improved product quality levels, while reducing the time and cost associated with testing.

 

Related Cigniti Technologies Ltd. Links:

Cigniti Technologies Share Price

334.65 0.00 (0.00%) Nov 19, 18:01
1 Year Price Chart
Peers
Company Name CMP
TCS 2108.30
Infosys 712.80
HCL Tech. 1134.70
Wipro 250.40
Tech Mahindra 763.25
View more..
Sensex vs Cigniti Technologies
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463