Polaris Software Lab Ltd

22 results about this entity

Period: 13 Apr 2006 - 16 Nov 2016

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VirtusaPolaris launches OpenBank API accelerator

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., a leading worldwide provider of information technology (IT) consulting and outsourcing services, today announced the launch of the VirtusaPolaris OpenBank API Accelerator at the inaugural Singapore FinTech Festival.

Virtusa acquires majority stake in Polaris

Virtusa Corporation (NASDAQ GS:VRTU) today announced that its India subsidiary, Virtusa Consulting Services Private Limited (“Virtusa India”), has acquired all of the outstanding shares of Polaris Consulting & Services, Ltd. (“Polaris”) (BSE: POLARIS NSE: POLARIS MSEI: POLARIS) held by Mr. Arun Jain, founder and chairman of Polaris, Orbitech Private Limited, and certain other minority stockholders, representing an aggregate of approximately 51.7% (1) of the fully diluted outstanding shares of Polaris for an average of $3.12 per share (INR 213.883 per share) (2), for an aggregate purchase consideration of $165.89 million (INR 11,364 million) (2).

Virtusa to acquire majority stake in Polaris

Polaris Consulting and Services Ltd. (“Polaris”), an innovator in digital transformation and financial technology, has entered into a definitive Share Purchase Agreement (SPA) with Virtusa Corporation (“Virtusa”) whereby a subsidiary of Virtusa will acquire approximately 53% of the paid up share capital of Polaris from certain promoter entities led by Arun Jain and certain other shareholders, including OrbiTech Private Ltd (formerly known as Orbitech Limited).

Polaris Q1 FY16 revenues up by 6%

Polaris Consulting & Services Ltd (NSE and BSE: POLARIS), a leader in digital transformation solutions and services, announced its results for the first quarter of FY16 today.

Bank of Ceylon selects Intellect One treasury platform

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, today announced that Bank of Ceylon (BOC), a leading foreign bank from Sri Lanka has chosen Intellect’s One Treasury Solution to drive end-to-end treasury management for their India operations.

Development Bank of the Philippines selects Polaris and Kaisa for core transformation

Polaris Kaisa, a joint initiative between Polaris Consulting & Services Ltd, a leader in digital transformation solutions & services and Kaisa Consulting, today announced that the Development Bank of the Philippines (DBP), one of the largest Government Financial Institutions (GFI) in the Philippines has chosen to implement Intellect Digital Core (Core Banking Solution) to transform its core banking operations.

Polaris appoints Sanjay Vatsa chief strategy officer

Polaris Consulting & Services Ltd (NSE and BSE: POLARIS), a leader in digital transformation solutions and services, today announced the appointment of Mr. Sanjay Vatsa as Executive Vice President, Chief Strategy Officer.

Polaris and Said Business School open executive digital academy

Polaris Consulting & Services, Ltd, an innovator in digital transformation for enterprises around the world, and Saïd Business School, University of Oxford announced today the launch of a new executive education programme called the Oxford Polaris Digital Academy.

PE firms buy IdenTrust

PE firms buy IdenTrust

Private equity firms Parallax Capital Partners and StepStone Group have acquired a majority stake in digital identity authentication outfit IdenTrust. Financial terms have not been disclosed.

Polaris wins $55m RBI core banking deal

Polaris wins $55m RBI core banking deal

The Reserve Bank of India (RBI) has signed a $55 million deal for the implementation and maintenance of Polaris's Intellect core banking system.

Polaris buys majority stake in IdenTrust

Polaris buys majority stake in IdenTrust

Indian fintech vendor Polaris Software has agreed to buy an 85% stake in digital identity authentication outfit IndenTrust for $20 million.

Polaris scoops Indian Cooperative core banking contract

Polaris scoops Indian Cooperative core banking contract

Polaris Software unit Laser Soft has bagged a contract with Andhra Pradesh State Cooperative Bank (APCOB) to implement a core banking system across 569 branches.

Polaris to buy Laser Soft Infosystems

Polaris to buy Laser Soft Infosystems

India's Polaris Software Lab has agreed to buy banking software firm Laser Soft Infosystems in an all cash deal worth around Rs52 crores ($11 million).

Temenos, Polaris, and Online Resources lead Finextra50 higher

Temenos, Polaris, and Online Resources lead Finextra50 higher

Steady financial results for Online Resources and impressive year-on-year growth for Polaris Software Labs saw these two companies post strong gains on the Finextra50 Financial Technology Index last week. The index closed up 1% to 66.24. Lender Processing Services led the fallers, dropping 14.2% after being linked to a US Department of Justice investigation.

Acquisition news drives up Polaris Software and GL Trade

Acquisition news drives up Polaris Software and GL Trade

M&A activity again helped the Finextra50 Financial Technology Index close higher last week, as it ended Friday up 0.7% to 82.36. Polaris Software and GL Trade led the gainers after the Indian software company outlined acquisition plans following on from strong results and the French dealing systems vendor announced an acquisition offer from SunGard. Meanwhile, poor quarterly results for Online Resources and Total Systems Services saw them lead the index's few fallers.

Cognizant falls on ratings cut, while S1 and Polaris rise

Cognizant falls on ratings cut, while S1 and Polaris rise

The Finextra50 Financial Technology Index fell 1.5% last week to finish at 79.71, again a record low since the index was first benchmarked in May 2007.

Finextra50 hits all-time low

Finextra50 hits all-time low

Despite big gains for Bravura, i-Flex and Computershare, the Finextra50 Financial Technology Index fell 3.75% to 81.62 last week, as negative sentiment in the US market dragged down valuations of some of the index's largest constituents.

Strong gains offset first week fall for Thomson Reuters

Strong gains offset first week fall for Thomson Reuters

The Finextra50 Financial Technology Index rose last week despite the newly-merged Thomson Reuters - now the index's largest constituent - sliding in its first week of trading. Fiserv, Cognizant, Factset and Indian fintech stocks all performed well to help the index close Friday up 3.7% to 86.67.

Chordiant battered by gloomy outlook; S1 rallies on Q4 profit

Chordiant battered by gloomy outlook; S1 rallies on Q4 profit

Shares in Chordiant Software continued to fall last week on the back of an earlier outlook statement which warned of weakening demand for its technology from banks in North America. Meanwhile shares in S1 Corporation surged after the Atlanta-based vendor posted a fourth quarter profit, making it the top performer in the Finextra50 index.

Finextra50 bounces back 2.5% led by Vasco, Tsys and Temenos

Finextra50 bounces back 2.5% led by Vasco, Tsys and Temenos

The Finextra50 Financial Technology Index closed last week higher at 84.06, and despite the decline in Europe's markets last week, it was the index's Indian fintech stocks that took the biggest beating, led by i-Flex, which fell 18.41%

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