Zensar Technologies zooms 5 per cent; heres why!

The new scope of agreement for enterprise compute (EC) services will provide support for over 1,000 city servers as well as associated storage & software that host over 300 city application systems.

Zensar Technologies, a leading experience engineering & technology solutions company recently announced that it has signed a four-year multi-million-dollar contract with the City of San Diego for workplace & enterprise compute managed IT services. The contract has the option of extension of two additional two-year terms with the total not exceeding the value of $122 million. 

The new scope of agreement for enterprise compute (EC) services will provide support for over 1,000 city servers as well as associated storage & software that host over 300 city application systems. The new public cloud support will provide many new services such as improved technology that supports disaster recovery capabilities, departmental customer call centres, and data storage. 

In a filing with the exchange, the company said, “As part of its corporate social responsibility initiative, Zensar will be supporting science, technology, engineering & mathematics (STEM) education for youth by investing in programmes in San Diego region. Zensar will also be expanding our support of STEM in San Diego by offering mentorships and paid internships for students from communities of concern, participating in career fairs, conducting public speaking engagements, and investing further in educational opportunities.” 

Zensar Technologies is a leading digital solutions and technology services company. It is a part of Mumbai-based RPG Group and is headquartered in Pune (Maharashtra). It operates in two segments: Application management service and infrastructure management service. It is focussed on industry verticals, such as Hi-Tech & manufacturing, consumer services, and banking, financial services, and insurance. They have offices located in India, the USA, UK, Europe, and Africa. 

Zensar Technologies scrip jumped 5 per cent during the early market hours to touch a high of Rs 439.95 per share on August 13, 2021 (Friday).