/ Cyient Completes Acquires CERTON Software Inc. ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 7 March 2017

Cyient Limited through its wholly owned US subsidiary, Cyient Inc., has acquired 100% stake in CERTON Software Inc.

The acquisition of CERTON will strengthen Cyient’s business, by adding unique model-based systems, engineering tools and test automation capabilities that are used to design, develop, simulate, validate and verify safety-critical embedded systems, software and electronic hardware.

Cyient Limited touched its intraday high of Rs 479 per share, up by Rs 11 per share or 2.4%. The stock closed in positive territory on Tuesday.

Major IT companies closed in negative territory on Tuesday including Infosys trading down by 1.37%; Persistent Systems is trading down by 1.4%.

Cyient Limited, formerly Infotech Enterprises Limited, is engaged in providing software-enabled engineering and geographic information system (GIS) services.

The Company's segments include Data & Network Operations (DNO); Engineering, Manufacturing, Industrial Products (EMI); and Product Realisation (PR). 

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