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Aurionpro Solutions Ltd completes merger of Intellvisions Software Ltd.

Posted On: 2015-06-23 11:04:09

Aurionpro Solutions Limited (NSE : AURIONPRO) (BSE : 532668), a global technology solutions leader that helps clients accelerate Digital Innovation has completed the merger of Intellvisions Software Limited (BSE : 531777), a provider of Innovative Smart Kiosk Technology that offers self-service digital interactive solutions. Smart Kiosks, as part of the Digital Customer Experience Solutions will be an additional product line to Aurionpro's Innovation offerings. It will function as a fully integrated business unit of Aurionpro.

Intellvisions has been building and delivering cutting edge digital interactive kiosks and touch-interactive solutions to leading banking and financial corporations in India and the Middle East.With a clear focus on high utility design, Intellvisions has a distinctive range of products that create delightful and digital customer experiences. Its products standout for their design excellence and superior software engineering. With over 50 clients in the BFSI sector and operations spread across India, the Middle East and African countries; the new business vertical will reinforce the new value proposition to Aurionpro - to help Accelerate Digital Innovation.

"Intellvisions' culture of innovation will add a whole level of experience to our solutions globally.This will strengthen Aurionpro's Digital Innovation offerings as its product line can transform the digital interactive customer experience.", Mr Samir Shah, CEO, Aurionpro, said, "We are very happy to have Intellvisions' employees join the Aurionpro family and we look forward to marching ahead together as we create the next trajectory of growth for Aurionpro."

"We are very happy at the conclusion of the merger process. Aurionpro is a established player for Digital Innovation and Enterprise Security and the brand brings a lot of strength and expansive service capabilities." said Mr Raj Menon, CEO, Intellvisions, "This combined with our focus on delivering cutting edge innovation in Smart Kiosk Technology will add great value to the existing customers. Our focus will be to continue and build upon to deliver innovative and impactful solutions to our customers."

Shares of AURIONPRO SOLUTIONS LTD. was last trading in BSE at Rs.188.2 as compared to the previous close of Rs. 190.9. The total number of shares traded during the day was 4377 in over 210 trades.

The stock hit an intraday high of Rs. 194.9 and intraday low of 185. The net turnover during the day was Rs. 823201.


Source: Equity Bulls

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