AGC Networks zooms on pact with Intel Security

The company's cyber security division CYBER-i announced a MSP pact with Intel Security

Shares of AGC Networks were locked in 20% uppper circuit at Rs 79.40 on the Bombay Stock Exchange after the company said its cyber security division CYBER-i announced a strategic Managed Services Provider (MSP) partnership with Intel Security to offer outcome based managed security services across the globe.

CYBER-i's partnership with Intel Security will offer security practitioners with a trusted, reliable security advisor to remotely monitor and support customers while allowing them to maintain control over partner branding, licensing, reporting, billing and pricing, the company said in a release.

The stock opened at Rs 69 and touched a high of Rs 80. At 12:40pm, over 244,000 shares were traded on both the stock exchanges.