Ace Software Exports Limited receives order

Ace Software Exports Limited has announced about the order received and business updates.

1. Overseas Purchase Order received

The Company has received purchase order of GBP 51000 (INR 60 Lakhs approx.) from UKbased technology and data solutions enterprise for delivery of specialized technology and resource augmentation services, across testing, business analysis, and digital platforms. This engagement is expected to serve as a foundation for a long-term relationship with the customer and reaffirms the Company's global delivery model.

2. Letter of Intent (LOI) for Global Capability Center (GCC)

The Company has executed a LOI with an UK-based technology and data solutions enterprise for setting up a Global Capability Center (GCC) in India. The GCC is proposed to function as a dedicated offshore delivery hub, initially comprising a core team of technology professionals. The initial engagement has been valued at GBP 360,000 (INR 4.21 Cr approx.) for the first year, with a potential to scale into a multi-year, multi-service model.

3. Letter of Intent (LOI) for the Strategic Investment

The Company has also executed a separate LOI with the aforesaid overseas enterprise to explore a potential strategic investment. This LOI is exploratory in nature and any transaction pursuant thereto shall be subject to the completion of satisfactory due diligence, negotiation and execution of definitive documentation, receipt of necessary corporate and regulatory approvals, and compliance with applicable laws.

These developments are in line with the Company's strategy to strengthen its global footprint, enhance service delivery capabilities, increase its recurring revenue and pursue long-term value creation for its stakeholders.

The overseas enterprise is a UK-based technology and data company accredited by Ofgem (the Office of Gas and Electricity Markets), with more than a decade of operations in the domestic and commercial energy markets. It has developed proprietary platforms for energy asset optimisation, data APIs, comparison engines, and digital engagement portals that are used by energy suppliers and enterprises. The company has built a portfolio of IP-driven solutions, into which it has invested approximately GBP 4 million over the past six years, with approximately 60% of its revenues derived from recurring SaaS-based models, and is managed by an experienced leadership team with prior backgrounds in building and scaling global technology platforms.

Shares of ACE SOFTWARE EXPORTS LTD. was last trading in BSE at Rs. 256.55 as compared to the previous close of Rs. 255.45. The total number of shares traded during the day was 67240 in over 566 trades.

The stock hit an intraday high of Rs. 262.30 and intraday low of 234.95. The net turnover during the day was Rs. 16844786.00.

Source : Equity Bulls

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