Software services exporter Zensar Technologies<http://www.moneycontrol.com/india/stockpricequote/computers-software/zensar-technologies/ZT02> has signed a five-year agreement with Assurant Health, a US-based provider of health insurance products, to provide information technology support.
"The relationship spans development, testing, maintenance, enhancement and IT support for a suite of business applications used by Assurant Health for policy administration, underwriting and claims processing," the RPG Group company said on Tuesday. Ganesh Natarajan, Zensar's CEO, said that insurance and healthcare are both focus verticals for the company in North America and this deal falls in the "sweet spot" of growth. The Pune-based company is scouting for acquisitions<http://www.moneycontrol.com/news/business/zensar-tech-eyeing-acquisitionsusd-30-40-million-space_818228.html> in the USD 30-40 million range and a deal is likely to be done 2013-14, Natarajan told moneycontrol.com, earlier this month. It is seeking to buy companies in the SAP and infrastructure management space. Zensar Technologies aims to increasingly focus on large clients and is therefore closing smaller projects, where growth opportunities and margins are limited. It has already shut down 75 small clients, Natarajan had said. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/globalspeculators?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
