GACM Technologies saw its shares rise by nearly 5% on September 26, 2024, after announcing a Memorandum of Understanding (MoU) worth ₹150 million with Tesync Technology. The partnership, which is valid until September 2027, aims to jointly develop IT and IT-enabled services (ITES), enhancing both companies’ service offerings and generating new revenue streams.
The collaboration will allow GACM and Tesync to leverage their combined expertise to support high-value software solutions. This strategic move underscores GACM Technologies’ focus on expanding its product capabilities, driving long-term growth, and delivering high-impact technology solutions.
The MoU will remain in effect until September 30, 2027, ensuring a lasting partnership that aligns with GACM Technologies’ growth strategy and commitment to innovation. The company anticipates that this partnership will strengthen its position in the IT sector and create sustainable growth in high-margin services.
As of 10:30 am, shares of GACM Technologies were trading 4.26% higher, reflecting investor optimism following the announcement of the partnership.
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