3i Infotech moves up on signing Oracle DWBI Managed Services deal with SBI General Insurance

3I Infotech is currently trading at Rs. 32.95, up by 0.20 points or 0.61% from its previous closing of Rs. 32.75 on the BSE.

3I Infotech
3I Infotech

The scrip opened at Rs. 33.40 and has touched a high and low of Rs. 33.40 and Rs. 32.85 respectively. So far 2621 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 74.50 on 07-Apr-2022 and a 52 week low of Rs. 32.45 on 27-Feb-2023.

Last one week high and low of the scrip stood at Rs. 35.90 and Rs. 32.45 respectively. The current market cap of the company is Rs. 551.66 crore.

The Institutions and Non-Institutions held 11.39% and 88.61% respectively in the company.

3i Infotech has signed Oracle Data Warehouse and Business Intelligence (DWBI) Managed Services deal with SBI General Insurance. With a value of around Rs 16.5 crore, the contract is spread over a tenure of three years.

As a part of the deal, 3i Infotech will perform 24/7 application and production support, data migration and integration, ETL operations (currently more than 25+ peripheral systems), DWBI Service Management L2, L3, MIS report, ad hoc reports and dashboards, data reconciliation, data democratization, data remediation, user management, knowledge management, security, audit and compliance services for data warehouse and Business Intelligence solution using end-to-end Oracle stack. Considering the above scope, 3i Infotech with its expertise in Oracle has proposed 30+ resources to perform the activities.

SBI General Insurance has chosen 3i Infotech for its thought leadership and more than a decade of experience in providing value-driven offerings with a combination of Automation tools/Processes and a better understanding of business KPIs.

3i Infotech has a dedicated Oracle CoE that ensures guaranteed success by combining Oracle Technologies with BFSI domain expertise for Consulting, Implementation, and Support engagements.

3i Infotech is a global Information Technology company which provides technology solutions to over 1500 customers in more than 50 countries across 5 continents, spanning a range of verticals.

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