Zensar Technologies has signed a Global OEM partnership with PTC. The PTC ThingWorx loT Platform is one of the leading loT platforms globally. The scope of the agreement involves collaboration in the areas of Retail, Hi-Tech and Manufacturing. Zensar will build and offer IOT solutions in these areas to joint customer prospects.

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Zensar Technologies announced that it has been recognized in the Gartner Market Guide for Salesforce Implementation Services [ID: G00320713] authored by Gartner Analysts Patrick J. Sullivan, Frances Karamouzis. (Published Date: 13 June 2018)

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The result was announced after market hours yesterday, 9 August 2018.

Meanwhile, the S&P BSE Sensex was down 115.57 points, or 0.30% to 37,908.80.

On the BSE, 4,158 shares were traded in the counter so far compared with average daily volumes of 2,171 shares in the past two weeks. The stock had hit a high of Rs 1,290 and a low of Rs 1,220 so far during the day. The stock hit a record high of Rs 1,345.35 on 24 May 2018. The stock hit a 52-week low of Rs 729.90 on 16 February 2018.

Separately, Zensar Technologies said that its board has set 10 September 2018 as record date for ascertaining entitlement to sub-divided shares. The announcement was made after market hours yesterday, 9 August 2018.

At its meeting in April 2018, the company's board had approved a stock split in the ratio of five shares for every one share held.

Zensar Technologies is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their digital transformation journey.

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Zensar announced that the company has entered into a definitive agreement to acquire US West Coast based Indigo Slate. Indigo Slate is a digital marketing focused customer experience agency with revenues ofapproximately $20 M in fiscal 2018.

The addition of Indigo Slate will strengthen Zensar's capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof, a UK based Digital experience firm to build its digital servicesbusiness. Indigo Slate adds digital marketing expertise in the US, strengthening and broadening Zensar's US based customer experience and digital transformation capabilities. Digital revenues havebeen growing at a 30% CAGR for Zensar and contributed to more than 38% of Zensar's fiscal 2018 revenue, one of the highest in the Industry.

Zensar Technologies Inc. will acquire the entire share capital of Indigo Slate which will be funded by a mix of internal accruals and external debt.

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