Is Polaris a software company?
Polaris Software Lab India Ltd. provides transaction software and services. The Company offers financial technology software products, integration, and consulting services. Polaris Software serves clients in banking, insurance, wealth, and asset management throughout the world.
What happened to Polaris Software Lab?
So, Polaris Sofware Lab was split into two companies. Intellect Design Arena was incorporated to house the products business in the banking and insurance space while the software services stayed with Polaris Software Lab which was then renamed Polaris Consulting and Services Ltd.
What is the new name of Polaris Software?
-Company has changed its name from Polaris Software Lab Ltd. to Polaris Financial Technology Ltd. – National Bank for Agriculture and Rural Development (NABARD) has selected Polaris Financial Technology Ltd as its new centralized loan management and accounting system (CLMAS).
Who acquired Polaris Software?
Virtusa Corporation of
Virtusa Corp of US buys 53% stake in Polaris for ₹1,173 cr Virtusa Corporation of the US will acquire 53 per cent of Polaris Consulting and Services from promoter entities led by Arun Jain and other shareholders, including Orbitech. It will pay a consideration of ₹220.73 per share, aggregating to around ₹1,173 crore.
Why did Arun Jain sell Polaris?
Why have you decided to exit from Polaris? This is part of the strategic plan in 2012 when we decided to have two different businesses – products and services. Products need investments and time. We have made the investment and now we need to spend time.
Who bought Polaris Software?
Virtusa Corp of US buys 53% stake in Polaris for ₹1,173 cr Virtusa Corporation of the US will acquire 53 per cent of Polaris Consulting and Services from promoter entities led by Arun Jain and other shareholders, including Orbitech. It will pay a consideration of ₹220.73 per share, aggregating to around ₹1,173 crore.
When did virtusa acquired Polaris?
In November 2015, Virtusa acquired a 53% stake in Polaris Consulting & Services Limited, India, a provider of IT solutions primarily to banking and financial services. Virtusa paid $270 million for the firm, which saw more than 7,500 employees join its global undertakings.
Is virtusa and virtusa Polaris same?
On March 3, 2016, Virtusa Corporation acquired a majority interest in Polaris Consulting & Services Limited. VirtusaPolaris helps its clients transform their business applications to enhance customer experience, improve operational efficiencies, and lower IT costs.
Is intellect and Polaris same?
Intellect Design Arena, is a Polaris Group company, a global leader in Financial Technology for Banking, Insurance and other Financial Services.
What happened to Polaris Consulting?
The delisting offer of Polaris Consulting & Services by Virtusa Consulting Services has been successful as the latter has accepted the ‘discovered’ price of ₹480 a share as the final exit price.
What is the history of Polaris software lab?
Polaris Software Lab Ltd, a public listed company found in the year 1993 is the world’s most sophisticated insurance and banking Software Company. Polaris offers state of the art comprehensive solutions for core banking, wealth and asset management, insurance and corporate banking.
What is the rating of Polaris technologies?
The company is rated among the top 8 Information Technology service providers in the global banking scenario. The headquarters of the Polaris are located at Chennai; India the company has more than 10,000 experts in various fields to cater to their global client requirements.
Why choose polpolaris laboratories?
POLARIS Laboratories® helps improve your equipment reliability through a full suite of fluid testing, certified analysis and data integration to get your maintenance on the right track. Mon 7:30am thru Fri 7pm.
Where is the headquarters of Polaris located?
The headquarters of the Polaris are located at Chennai; India the company has more than 10,000 experts in various fields to cater to their global client requirements. Brief History. More than 25 years ago, Polaris began its journey by partnering with Citibank for creating India’s first Automated Teller Machine (ATM).