SECMARK Consultancy Ltd to acquire software from Analyze N Control Pvt Ltd

SECMARK Consultancy Ltd has entered into Software Purchase Agreement for purchase of following software applications and others along with all right, title and interest therein with Analyze N Control Private Limited (ANC) on February 28, 2022:

(i) C-SAFE - client screening application to help client screening and fraud elimination;

(ii) SOSAML - signs of surveillance and Anti-Money Laundering Integrated-

a. Standard version;
b. EDEL wealth version;
c. EDEL wealth branch version;

(iii) CircularsNOrders Mailing;

(iv) Power updates;

(v) Compliance reference window hosted on www.circularsnorders.com;

(vi) Backend systems for updating database of regulatory notifications, screening and compliance products; and

(vii) Website being https://www.circularsnorders.com, https://www.analyzencontrol.in and https://www.analyzencontrol.com and any other website belonging to or owned by, the ANC.

The above software applications are used by various financial market participants registered with SEBI.

The Company has also acquired the trade mark "Analyze n Control" from Rekha Utsav Shah ("Trademark Agreement") on February 28, 2022.

The Company has further entered into an agreement with ANC and its directors Rekha Utsav Shah and Utsav D Shah for providing consultancy services with respect to further developing, maintaining and enhancing the said software applications (herein after referred as "Consultancy Agreement") on February 28, 2022.

Shares of SecMark Consultancy Ltd was last trading in BSE at Rs. 123.00 as compared to the previous close of Rs. 121.80. The total number of shares traded during the day was 6000 in over 6 trades.

The stock hit an intraday high of Rs. 125.90 and intraday low of 118.50. The net turnover during the day was Rs. 728950.00.

Source : Equity Bulls

Keywords

SecMarkConsultancy INE0BTM01013 Acquisition SoftwareApplications AnalyzeNControl