Zensar Tech spurts 4.5%

Zensar Technologies today rose 4.5% to Rs.180.30 and then tapered down to Rs.176, where it is currently trading, up 2%.

The company, yesterday after market hours announced that it has been granted a US patent for its direct conversation platform which is ZenVerse.

The patent, granted by the US Patent and Trademark office (USPTO), is on the idea of ZenVerse which is designed to be a direct platform or channel for the entire organization to interact with the organization’s leadership including CEO, CXOs.

These interactions are at an individual level and since inception it has had 68 releases over 2.1 million sessions used by more than 9000 global associates.

This platform was created in-house by Zenlabs, Zensar’ s innovation hub, incorporating AI as its core.

The company reported new deal wins worth $150 million during Q1FY21, and currently has a deal pipeline of $1.5 billion.