Birlasoft wins deal worth US$240 million, stock shines

Birlasoft, a part of CK Birla group informed the bourses on Monday that it has signed a deal worth US$ 240 million (approximately Rs. 1700 crore) with Invacare Corporation to deliver IT‐as‐a‐ Service. Invacare Corporation is leading manufacturer of wheelchairs, bariatric equipment, disability scooters, respiratory products and other homecare products.

In this deal, Birlasoft will accelerate Invacare’s business transformation by modernizing systems, taking responsibility for the provision of service desk, applications, server, network and telephony support. Further, it will build a new analytics platform and move the Invacare data centre to the cloud.

Besides, the company will implement a new Product Lifecycle Management system. The company will also assist in global implementation of SAP S/4HANA and associated SAP solutions, harmonizing business processes and information flows worldwide.

With response to this positive development, the stock of Birlasoft is shining in Monday’s trading session and touched the mark of Rs. 66.35 apiece, up by nearly 13 per cent from the previous close of Rs. 58.75. At 12.00 hours, the stock was trading at Rs. 64.90 apiece, up by around 10.5 per cent. It’s 52-Week high stands at Rs. 149.50 and 52-week low is Rs. 57.40.