Mphasis looks to acquire companies that fall in the intersection between digital, risk, compliance and governance, says chief Ganesh Ayyar.
Virtusa Corporation has signed a definitive agreement to acquire 53 percent in Polaris Consulting & Services at Rs 220.73 per share
Intellect Design Arena, the demerged BFSI focused product company from Polaris, lists at Rs 69.25 per share today
The company had decided to demerge its product business into an independent entity and on Friday announced that the products company, Intellect Design Arena, will be listed in coming weeks.
Arun Jain, chairman & CEO, Polaris, says that both product and cloud business had a challenging quarter and the cloud business incurred a loss of Rs 20 crore in this quarter. The company has witnessed a slowdown in America and Europe and some deals got delayed.
In an interview to CNBC-TV18, Arun Jain, chairman & chief executive officer, Polaris gives the details of their divestment plan. The company that holds 85% stake in IdenTrust is divesting in the hope of investing into another portfolio which can be more revenue generating.
In an interview to CNBC-TV18, Arun Jain, chairman and chief executive officer of Polaris says the company is looking at 17-19% growth this year. "We are on the right track for building a good EPS growth this year," he adds.
In an interview with CNBC-TV18, Arun Jain of Polaris, spoke about the company's new acquisition and the road ahead.