Today, Patni Computer Systems, global IT and BPO service provider declared that it has secured a seven figure contract more three years to provide managed services around some of Scandinavia`s core insurance platforms.
The Codan Group is part of the insurance giant RSA group and works in Denmark, Sweden and Norway.
Frank Anderson, chief investment officer at Codan, said, ``We chose Patni (Q,N,C,F)* because of its in depth understanding of the insurance sector and applications that we use to run our business.``
Derek Kemp, President, EMEA at Patni, ``This was a highly competitive bid but we were able to demonstrate our commitment to the client, strong understanding of the insurance sector and our plans for the Scandinavian region.``
Shares of the company increased Rs 7.9 to trade at Rs 535.80. At 11.47 a.m., Wednesday, the total volume of shares traded was 94,395 at the BSE.
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