Latest news with #CapabilityMaturityModelIntegration
Daily Tribune
09-07-2025
- Business
- Daily Tribune
Array becomes first Bahraini Firm Certified
TDT | Manama CMMI Level 3 milestone reached • First in Bahrain certified • Global software quality benchmark • AI, cloud delivery excellence Array Innovation, a Bahrain-headquartered AI and cloud-native solutions provider, has earned the Capability Maturity Model Integration (CMMI) Level 3 certification for software development – a global recognition that places the company in elite territory among tech firms across the region. The distinction marks a first for any Bahraini company and affirms Array's standing as a key player in the kingdom's digital transformation efforts. The CMMI Level 3 appraisal validates that Array operates with documented, repeatable processes and is committed to delivering high-quality, consistent software solutions. Founder and CEO Alaa Saeed said, 'As one of only a handful in the region to achieve this distinction, we are also extremely proud to have advanced Bahrain's technology sector as a whole.' The achievement reflects a rigorous quality management framework at the company, which operates under the ownership of Mumtalakat, Bahrain's sovereign wealth fund. Array's services span artificial intelligence, machine learning, data analytics, and cloud-native software systems through its Quantitative Development vertical. It also signals international confidence in Bahrain's emerging tech ecosystem. Raising the Bar Founder and CEO Alaa Saeed described the certification as a signal to current and prospective clients of the firm's ability to deliver world-class digital solutions. Pushing Further Chief Operating Officer Jasser El Mohor confirmed that the company is already working toward the more advanced CMMI Level 5 certification, a step that would further solidify its role as a regional leader in software delivery. Array's multidisciplinary team of engineers, designers, architects, and consultants has played a pivotal role in building platforms that help organisations gain insights, streamline operations, and meet their goals with greater efficiency. The company's focus on innovation, quality, and client-centric delivery is fast becoming a benchmark in the Gulf's rapidly maturing digital economy.
Business Standard
02-07-2025
- Business
- Business Standard
One Point One Solutions Limited achieves prestigious CMMI V3.0 Maturity Level 3 certification for Development and Services
PNN Mumbai (Maharashtra) [India], July 2: One Point One Solutions Limited a leading provider of business process management and technology solutions, has been awarded the Capability Maturity Model Integration (CMMI) V3.0 Maturity Level 3 Certification for both Development (DEV) and Services (SVC). This achievement places 1Point1 Solutions among a select group of Indian organisations to have attained this internationally recognized standard. CMMI Level 3 certification reflects the company's consistent use of well-defined processes and practices. It highlights 1Point1 Solutions' focus on quality, operational discipline and continuous improvement across all development and service functions. "Receiving the CMMI V3.0 Maturity Level 3 Certification is a significant step for 1Point1 Solutions," said Akshay Chhabra, Managing Director, 1Point1 Solutions. "It confirms the strength and alignment of our internal systems with global benchmarks and reinforces our aim to provide dependable and high-quality solutions to our clients." The certification process involved a detailed assessment of 1Point1 Solutions' workflows to ensure they meet global standards for software development and service delivery. It offers further assurance to clients and partners of the company's capability to consistently deliver efficient and reliable results that support business growth. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
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.
