Trigyn Tech selected as vendor for IT services contract in NY

US-based wholly-owned subsidiary of Trigyn Technologies has been awarded a contract along with multiple other companies by the New York State OGS, in the US. The stock was up more than 10 per cent on Friday.

Trigyn Technologies, Inc. is one of 30 other companies that have been selected by the New York State Office of General Services (OGS) Hourly Based IT Services (HBITS) contract. The award is for 5 years, with an option of an additional term of 5 years.

NY OGS's award allows Trigyn to provide HBITS-bases services across three regions in the New York State. The award covers around 30 Job profiles with multiple skillsets including Analyst, Database Administrator, Cloud Engineer, IT Manager, Network Administrator, Graphic Designer and Programmer. This opportunity allows Trigyn to expand further in the public sector business segment.

Reacting to this development, the stock of Trigyn Technologies was quoting Rs. 62.15 per share, up by 8.28 per cent during Friday's morning session. It hit an intraday high of Rs. 64.40, up by 12.19 per cent on BSE.