Aurionpro Solutions gains after inking strategic agreement with ForgeRock

Aurionpro Solutions rose 3.50% to Rs 177.50 at 12:04 IST on BSE after the company said it signed strategic agreement with ForgeRock to strengthen enterprise security practice.

The announcement was made during trading hours today, 17 June 2015.

Meanwhile, the BSE Sensex was up 130.29 points, or 0.49%, to 26,816.80.

On BSE, so far 7,795 shares were traded in the counter, compared with an average volume of 25,239 shares in the past one quarter.

The stock hit a high of Rs 179.10 and a low of Rs 171.30 so far during the day. The stock hit a 52-week high of Rs 349.20 on 1 December 2014. The stock hit a 52-week low of Rs 161.60 on 27 June 2014.

The stock had underperformed the market over the past one month till 16 June 2015, falling 11.78% compared with 2.33% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 15.01% as against Sensex's 6.16% fall.

The small-cap company has an equity capital of Rs 19.85 crore. Face value per share is Rs 10.

Aurionpro Solutions, a global leader in providing enterprise-scale security solutions to global corporations, signed a strategic partnership with ForgeRock, the leading open platform provider of identity management solutions.

Under the partnership, Aurionpro will be a systems integrator covering all products within the ForgeRock Identity Platform portfolio-OpenAM (Access Management), OpenIDM (Identity Management), OpenIG (Identity Gateway), and OpenDJ (Directory Services). Aurionpro will now offer clients access management, fine-grained entitlements and application programming interface (API) gateway-based solutions based on the ForgeRock platform to help them secure their enterprises.

ForgeRock offers open-source flexibility with unparalleled scale and breadth. Aurionpro, with its ability to design and deliver enterprise-scale security solutions, has a 15-year track record of deep domain expertise and serves 30 million identities.

On a consolidated basis, Aurionpro Solutions reported net loss of Rs 198.08 crore in Q4 March 2015 as against net profit of Rs 16.32 crore in Q4 March 2014. Net sales rose 18.16% to Rs 201.79 crore in Q4 March 2015 over Q4 March 2014.

Aurionpro Solutions is a global technology solutions leader that helps clients accelerate their digital innovation, secure their enterprises, and optimize business operations. The company's combine core domain expertise, thought leadership in Innovation, security, and Industry-leading IP to deliver measurable business results for global corporations.

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