Latest news with #CapabilityMaturityModelIntegration
India.com
11-06-2025
- Business
- India.com
This company's shares in focus post this update on Indian subsidiary
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Shares of Eraaya LifeSpaces Limited, a publicly traded company on the BSE, gained nearly 4 per cent on Wednesday, i.e. on June 11, 2025. The share price rose after the company informed exchanges that its Indian flagship subsidiary has received the Capability Maturity Model Integration (CMMI) Maturity Level 5 certification. The counter opened in the green at Rs 44.75 against the previous close of Rs 44.51 on the BSE. It gained further to touch the intraday high of Rs 46.20 – a surge of 3.79 per cent from the closing price of the last trading session. However, the counter fell later amid profit booking and touched the 52-week low of Rs 42.29. The stock's 52-week high, which is the highest price the stock has reached in the past year, is Rs 316.90, and its market cap, which is the total value of all its outstanding shares, is Rs 839 crore. 'Indian flagship subsidiary, Ebix Technologies Limited (formerly known as EbixCash Limited), has achieved Capability Maturity Model Integration (CMMI) Maturity Level 5 certification—the highest possible rating granted by the CMMI Institute,' the company said in an exchange filing. The certification holds significance as it has emerged as a vital qualification standard for today's procurement landscape, particularly within government, PSU, and enterprise domains. Understanding the strategic Significance of CMMI Level 5 Certification – Operates with quantitative performance management and high predictability – Minimises delivery risk and variability – Improves efficiency through data-driven decisions – Delivers agile, high-quality outcomes at scale – Upholding best-in-class customer satisfaction practices is a core value of Eraaya LifeSpaces Limited, ensuring that its customers feel valued and well-served. Share Price History Shares of the company have shown remarkable resilience, giving a multibagger return of 3,503 per cent in two years and 5,489 per cent in three years. However, the counter has corrected 41 per cent in one year and 75 per cent in six months, a testament to the company's ability to weather market challenges. Quarter Results Earlier, the company reported a net loss of Rs 6 crore in the January-March quarter of the financial year 2025, compared to a net loss of Rs 20.84 crore in the third quarter of FY25.
Mint
11-06-2025
- Business
- Mint
5800% rally in five years! Small-cap stock under ₹50 inches higher after THIS update on Indian subsidiary
Small-cap stock: Eraaya Lifespaces share price surged nearly 4% during Wednesday's trading session following the announcement that its Indian flagship subsidiary, Ebix Technologies Limited, received the Capability Maturity Model Integration (CMMI) Maturity Level 5 certification. This certification represents the highest rating awarded by the CMMI Institute, as indicated by the company in a filing to the exchange. Eraaya Lifespaces share price opened at ₹ 44.75 apiece on the BSE, the stock touched an intraday high of ₹ 46.20, and an intraday low of ₹ 42.50 per share. In a filing with the exchange, the company announced that this esteemed accreditation marks a significant milestone in Ebix Technologies' growth path, positioning it within a distinguished category of global technology firms. It greatly improves the company's chances of participating in substantial tenders from the Government of India (GoI) and intricate enterprise technology initiatives across various industries. 'This achievement isn't just a quality benchmark; it's a strategic accelerator for our business. It opens doors to a broader and more prestigious pipeline of government and enterprise engagements while reinforcing our commitment to excellence, predictability, and performance,' ' said Ashish Jaitly, Managing Director, Ebix Technologies Limited. Eraaya reported a net loss of ₹ 6 crore in Q4 FY25 compared to a net loss of ₹ 20.84 crore in Q3 FY25. Nevertheless, the company had recorded a net profit of ₹ 0.22 lakh during the same time a year earlier. On a quarter-on-quarter (QoQ) basis, revenue from operations plummeted 89% to ₹ 1.88 crore from ₹ 16.99 crore in the corresponding period last year. Conversely, the figure saw an increase of 248% year-on-year (YoY) from ₹ 54 lakh in the same time last year. In addition to the financial results, the board of Eraaya Lifespaces has also approved plans for the company's expansion. "The Board has granted its in-principle approval for an investment of up to ₹ 125 crores in emerging and futuristic business(es) to enhance the company's presence,' stated the company. These ventures are expected to align with the company's strategic roadmap for long-term value creation, as well as its vision to improve synergy, encourage diversification, and expand business presence, all subject to the successful completion of due diligence, adherence to relevant statutory and regulatory requirements, and obtaining necessary approvals if applicable.
Mint
11-06-2025
- Business
- Mint
5800% rally in five years! Small-cap stock under ₹50 inches higher after THIS update on Indian subsidiary
Small-cap stock: Eraaya Lifespaces share price surged nearly 4% during Wednesday's trading session following the announcement that its Indian flagship subsidiary, Ebix Technologies Limited, received the Capability Maturity Model Integration (CMMI) Maturity Level 5 certification. This certification represents the highest rating awarded by the CMMI Institute, as indicated by the company in a filing to the exchange. In a filing with the exchange, the company announced that this esteemed accreditation marks a significant milestone in Ebix Technologies' growth path, positioning it within a distinguished category of global technology firms. It greatly improves the company's chances of participating in substantial tenders from the Government of India (GoI) and intricate enterprise technology initiatives across various industries. 'This achievement isn't just a quality benchmark; it's a strategic accelerator for our business. It opens doors to a broader and more prestigious pipeline of government and enterprise engagements while reinforcing our commitment to excellence, predictability, and performance,' ' said Ashish Jaitly, Managing Director, Ebix Technologies Limited.
Fintech News ME
21-05-2025
- Business
- Fintech News ME
Egypt's CARITech Partners with Finastra to Support Core Banking Modernisation in MENA
CARITech, a digital transformation consultancy based in Egypt, has formed a strategic partnership with global financial software provider Finastra to support the adoption of the Finastra Essence core banking platform across the Middle East and Africa. The partnership combines CARITech's regional experience and implementation capabilities with Finastra's technology to facilitate core banking transformation for financial institutions. As part of the agreement, CARITech will use its Capability Maturity Model Integration (CMMI) Level 3-certified methodology to deliver structured and efficient deployments of Finastra Essence. With a bilingual Arabic and English team and a strong understanding of local banking environments, CARITech is positioned to offer tailored support to institutions transitioning to updated core banking systems. 'Partnering with Finastra represents a significant step forward in our mission to deliver best-in-class core banking transformation services,' said Ismail Ali, Chief Executive Officer of CARITech. 'Our regional insights and technical capabilities make us uniquely equipped to support financial institutions on their digital journeys.' Finastra Essence is a core banking platform that aims to enhance operational efficiency, reduce costs and improve customer service through its modular functionality and open technology. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, Executive Vice President of Universal Banking at Finastra. 'CARITech's strong track record and understanding of regional banking needs make them a valuable partner in enabling transformation at scale.'
Associated Press
05-02-2025
- Business
- Associated Press
Phoenix Cyber Appraised at CMMI Level 3
Phoenix Cyber, a provider of consulting services to the federal government, has been appraised at level 3 of ISACA's Capability Maturity Model Integration. 'This milestone reinforces our commitment to delivering exceptional value to our federal customers and highlights our ongoing investment in systems, infrastructure, and process excellence.' — Brian Kafenbaum, managing partner of Phoenix Cyber PHOENIX, AZ, UNITED STATES, February 5, 2025 / / -- Phoenix Data Security Inc., DBA Phoenix Cyber, a premier provider of cybersecurity consulting services to the federal government, announced today that it has been appraised at level 3 of ISACA's Capability Maturity Model Integration (CMMI®). The appraisal was performed by The H and W Group and affirms the company's commitment to excellence in service delivery. CMMI is a globally recognized, outcome-based performance model and the accepted standard for improving capability, optimizing business performance and aligning operations to business goals. Developed by ISACA's CMMI Institute, it provides a benchmark for measuring organizational maturity and performance. An appraisal at Maturity Level 3 indicates the organization is performing at a 'defined' level. At this level, processes are well characterized and understood and are described in standards, procedures, tools and methods. 'We are proud to have achieved CMMI Maturity Level 3, the highest form of third-party validation for a company's processes and performance,' said Brian Kafenbaum, managing partner of Phoenix Cyber. 'This milestone reinforces our commitment to delivering exceptional value to our federal customers and highlights our ongoing investment in systems, infrastructure, and process excellence. It also reflects the dedication and hard work of our team in upholding the highest standards in everything we do.' 'Organizations worldwide are harnessing CMMI to elevate their business performance to new heights, creating a sustainable competitive advantage in the process' says Ron Lear, VP, Frameworks and Models at ISACA. 'We commend Phoenix Cyber on achieving this CMMI appraisal level and demonstrating their ability as a high-performing organization.' Phoenix Cyber's CMMI Level 3 appraisal only enhances its ability to deliver tangible outcomes across all projects while also optimizing efficiency and minimizing risk. Complemented by the company's ISO 9001, ISO 27001, and ISO 20000 certifications, these accreditations reinforce the company's adherence to internationally recognized standards, solidifying its position as a reliable and innovative partner to federal agencies in supporting its missions. About Phoenix Cyber Phoenix Cyber is a leading cybersecurity consulting company providing security engineering, operations, and technical cybersecurity expertise to organizations determined to mitigate risk and safeguard their business. Since 2011, security teams from Fortune 500 enterprises, federal government agencies, and service providers have trusted Phoenix Cyber to deliver results-oriented, cybersecurity solutions and enhance their security operations centers' people, processes, and technologies. Learn more at or follow us on LinkedIn. Phoenix Cyber +1 303-578-2122 LinkedIn Legal Disclaimer:
