Birlasoft surges more than 7 per cent on partnership with Innoveo

Birlasoft Limited has entered into a partnership with Innoveo for strengthening its domain and digital capabilities in order to rapidly deliver world-class solutions with Innoveo’s enterprise-level no-code platform.

Innoveo is a global technology solution provider, which focusses on innovation and building business value as well as utilising the latest technology with Innoveo Skye’s no-code platform. It operates across USA, Zurich (Switzerland), Valencia (Spain), Hong Kong and Budapest (Hungary).

This partnership will bring Birlasoft’s consulting and design thinking together with Innoveo’s Skye’s enterprise-level no-code platform thereby, encompassing the power of a domain, enterprise and digital technologies to reimagine business processes.

More than 100 applications have been built and delivered on Innoveo’s Skye’s enterprise-level no-code platform. Through this partnership, Birlasoft plans to roll out new applications at a fraction of the cost of traditional IT development. This will also spearhead companies in their digital journey and revolutionise the banking & insurance ecosystems.

Birlasoft is a global provider of IT solutions and services with operations across USA, Europe and Asia-Pacific (APAC) region. Its revenue is diversified and sourced from various segments namely, discrete manufacturing, hi-tech and media (17.4 per cent), Banking, financial services and insurance (BFSI-17.1 per cent), energy and utilities (17 per cent), automotive (11.8 per cent), life sciences (25.2 per cent), consumer packaged goods (CPG), retail and process manufacturing (11.4 per cent).

On Wednesday, during the early morning session, the stock of Birlasoft jumped 7.2 per cent at Rs 97.80 from its previous close of Rs 91.25 on BSE.