Latest news with #AISAnywhere
United News of India
29-07-2025
- Business
- United News of India
Indian firm Blue Cloud acquires New Jersey tech firm
Mumbai, July 29 (UNI) Mumbai-based Blue Cloud Softech Solutions has acquired New Jersey tech firm AIS Anywhere through a 100% share swap valued at Rs 730 crore. The deal involves issuing 31.68 crore Blue Cloud equity shares at a premium of Rs 22.06 per share in exchange for AIS Anywhere's 6.4 crore shares, establishing the US company as a wholly-owned subsidiary at a 4.95:1 swap ratio. The acquisition accelerates Blue Cloud's entry into the US market, leveraging AIS Anywhere's 2024 revenue of $83.69 million and expertise in AI, IoT, and cybersecurity. Managing Director Krishna Babu Vankineni emphasized the alignment with Blue Cloud's global growth vision, noting it will unlock new revenue streams and enhance digital offerings for international clients. Founded in 1991, Blue Cloud specializes in secure solutions for defence and enterprise digital transformation across eight countries including India, the US, and the UAE. AIS Anywhere strengthens this portfolio with its advanced cybersecurity and data analytics capabilities, positioning the combined entity for expanded innovation. UNI AAA PRS
Mint
07-07-2025
- Business
- Mint
Small-cap multibagger stock hits upper circuit for 19th straight session. Do you own?
Blue Cloud Softech Solutions share price was locked in the upper circuit for the nineteenth straight session on Monday. The small-cap stock rose 2% to hit the upper circuit limit of ₹ 35.45 apiece on the BSE. Blue Cloud Softech Solutions shares have hit the upper circuit in 34 out of the past 38 trading sessions. The gains in Blue Cloud Softech Solutions share price today comes after the company announced its expansion in Europe with the launch of its new office in Grenoble, France. Blue Cloud Softech Solutions has operations in the UK, US, UAE, Israel, France, Tanzania, Singapore and India. 'This expansion enhances the company's ability to deliver localized support and advanced digital services across critical sectors including cybersecurity, national security, defence, healthcare, media, education, finance, and secure communications,' Blue Cloud Softech Solutions said in a regulatory filing on July 6. Blue Cloud Softech Solutions is a global technology firm specializing in AI, cloud computing, enterprise software, cybersecurity, and secure communications. Meanwhile, the company had earlier announced the date for its Extra Ordinary General Meeting (EGM) to approve the special resolution for the acquisition of global technology firm AIS Anywhere. Blue Cloud Softech Solutions EGM will be held on 10 July 2025, through a Video Conference. Blue Cloud Softech Solutions share price has gained 45% in one month, and 111% in the past three months. The smallcap stock has fallen 28% on a year-to-date (YTD) basis, while it is down 68% in one year. However, Blue Cloud share price has delivered multibagger returns of 491% in the past five years. At 11:50 AM, Blue Cloud Softech Solutions share price was still locked in at 2% upper circuit of ₹ 35.45 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
01-07-2025
- Business
- Mint
Multibagger small-cap stock under ₹50 hits upper circuit for fifteenth straight session; here's why
Blue Cloud Softech Solutions share price was locked in the upper circuit for the fifteenth consecutive session on Monday. The small-cap stock rose 2% to hit the upper circuit limit of ₹ 32.78 apiece on the BSE. Blue Cloud Softech Solutions shares have hit the upper circuit in 30 out of the past 33 trading sessions. The gains in Blue Cloud Softech Solutions share price today comes after the company announced securing Coastal Surveillance Project worth $9.36 million, expanding footprint in Global Security & Surveillance market. The company announced a significant win by securing a contract valued at $9.36 million through its client in the United States. The project, spanning 18 months, involves the development and implementation of a customized coastal surveillance system to enhance security along the South American coastline. The Integrated Surveillance System includes High-Definition CCTV Cameras, Autonomous Drones and Patrol Trawlers. The Centralized Command & Control Centre includes Real-Time Data Integration, AI-Driven Threat Assessment, Incident Management and Cloud Integration, Blue Cloud Softech Solutions said in a regulatory filing on June 30. On Monday, the company had announced the date for its Extra Ordinary General Meeting (EGM) to approve the special resolution for the acquisition of global technology firm AIS Anywhere. Blue Cloud Softech Solutions EGM will be held on Thursday, 10 July 2025, through a Video Conference. Blue Cloud Softech Solutions share price has gained 48% in one month, and 92% in the past three months. The smallcap stock has fallen 33% on a year-to-date (YTD) basis, while it is down 71% in one year. However, Blue Cloud share price has delivered multibagger returns of 446% in the past five years. At 11:50 AM, Blue Cloud Softech Solutions share price was still locked at 2% upper circuit of ₹ 32.78 apiece on the BSE.
Mint
01-07-2025
- Business
- Mint
Multibagger small-cap stock under ₹50 hits upper circuit for fifteenth straight session; here's why
Blue Cloud Softech Solutions share price was locked in the upper circuit for the fifteenth consecutive session on Monday. The small-cap stock rose 2% to hit the upper circuit limit of ₹ 32.78 apiece on the BSE. Blue Cloud Softech Solutions shares have hit the upper circuit in 30 out of the past 33 trading sessions. The gains in Blue Cloud Softech Solutions share price today comes after the company announced securing Coastal Surveillance Project worth $9.36 million, expanding footprint in Global Security & Surveillance market. The company announced a significant win by securing a contract valued at $9.36 million through its client in the United States. The project, spanning 18 months, involves the development and implementation of a customized coastal surveillance system to enhance security along the South American coastline. The Integrated Surveillance System includes High-Definition CCTV Cameras, Autonomous Drones and Patrol Trawlers. The Centralized Command & Control Centre includes Real-Time Data Integration, AI-Driven Threat Assessment, Incident Management and Cloud Integration, Blue Cloud Softech Solutions said in a regulatory filing on June 30. On Monday, the company had announced the date for its Extra Ordinary General Meeting (EGM) to approve the special resolution for the acquisition of global technology firm AIS Anywhere. Blue Cloud Softech Solutions EGM will be held on Thursday, 10 July 2025, through a Video Conference. Blue Cloud Softech Solutions share price has gained 48% in one month, and 92% in the past three months. The smallcap stock has fallen 33% on a year-to-date (YTD) basis, while it is down 71% in one year. However, Blue Cloud share price has delivered multibagger returns of 446% in the past five years. At 11:50 AM, Blue Cloud Softech Solutions share price was still locked at 2% upper circuit of ₹ 32.78 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
30-06-2025
- Business
- Mint
Multibagger small-cap stock under ₹50 jumps despite sell-off in Indian stock market
Blue Cloud Softech Solutions share price hit upper circuit for the fourteenth straight session on Monday led by strong buying momentum. The small-cap stock was locked in at 2% upper circuit at ₹ at ₹ 32.14 apiece on the BSE. Blue Cloud Softech Solutions shares hit upper circuits in 29 of the past 32 consecutive sessions. The gains in Blue Cloud Softech Solutions shares came after the company announced the date for its Extra Ordinary General Meeting (EGM) to approve the special resolution for the acquisition of global technology firm AIS Anywhere. Blue Cloud Softech Solutions EGM will be held on Thursday, 10 July 2025, through a Video Conference. The Board of Directors of Blue Cloud Softech Solutions had earlier approved the strategic acquisition of AIS Anywhere for ₹ 730 crore. The proposed transaction will be executed entirely through a share swap arrangement, with no cash component. Under the agreement, Blue Cloud would issue 31.68 crore new equity shares priced at ₹ 23 each to acquire 100% stake in AIS Anywhere. AIS Anywhere promoter Janaki Yarlagadda will receive 14 crore Blue Cloud shares, while Siraj Holdings LLC, another significant stakeholder in AIS Anywhere, will receive 17 crore shares. The remaining shares will go to other minor stakeholders. Following shareholder approval in the EGM scheduled on 10 July, Blue Cloud will become the holding company of AIS Anywhere. However, the transaction will not result in a change in management or control of AIS Anywhere, but will significantly alter the shareholding structure of the company. AIS Anywhere generated over $220 million in revenue over the past three years. The acquisition of shares is likely to be completed within 12 months from the date of execution of the agreements, Blue Cloud Softech Solutions said. Blue Cloud Softech Solutions share price has rallied 45% in one month, and more than 82% in the past three months. The smallcap stock has fallen 34% on a year-to-date (YTD) basis, while it is down 70% in one year. However, Blue Cloud share price has delivered multibagger returns of 435% in the past five years. At 11:05 AM, Blue Cloud share price was still locked at 2% upper circuit of ₹ 32.14 apiece on the BSE.
