Expleo Solutions Limited to acquire IP and technical knowhow from Lucid

The Board of Directors of Expleo Solutions Limited has considered and approved the definitive agreements to be entered with Lucid Technologies and Solutions Private Limited and its subsidiary Lucid Technologies and Solutions LLC ("Lucid") towards purchase of their specific assets i.e. Intellectual Property ("IP") and Technical Knowhow in India and Customer Contracts in US. The definitive agreements will be executed with effective date as April 01, 2022.

Lucid is engaged in the activity of Data Governance, Data Security and analytics led by their IP driven accelerators, capabilities. Lucid partners with leading data governance platform vendors. They have marquee clients in the US delivering value through their proprietary tools, assets and Agile, CMMi and PSP methodologies.

Shares of Expleo Solutions Limited was last trading in BSE at Rs. 1641.95 as compared to the previous close of Rs. 1500.75. The total number of shares traded during the day was 14309 in over 2731 trades.

The stock hit an intraday high of Rs. 1683.00 and intraday low of 1504.70. The net turnover during the day was Rs. 23375744.00.

Source : Equity Bulls

Keywords

ExpleoSolutions INE201K01015 Agreement LucidTechnologies IntellectualProperty CustomerContracts TechnicalKnowhow