Polaris Software has moved up 4% to Rs 178 after the company announced the acquisition of IndigoTX, a SaaS (Software as a service) company that provides GO TX an enterprise brokerage solution for the securities market on a pay per use model.
The GO TX brokerage platform is a cutting edge technology platform that runs on a GRID architecture providing tremendous amount of scalability and performance using commodity hardware platforms.
GO TX Systems is a software and back-office services company with a financial services focus. Its platform GO TX, designed and developed to be deployed by banks, brokers and other financial intermediaries.
Polaris Software Lab delivers customized software solutions and products in the domain of banking, financial services and insurance (BFSI).
The stock opened at Rs 173 and touched high of Rs 179. Around 381,000 shares have changed hands on the counter so far on the BSE
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