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This is an archive article published on July 19, 2011

Edserv signs new pact,shares surge 4%

Edserv Softsystems said this will help the company deliver content to 600,000 students.

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Edserv Softsystems said on Tuesday it has entered into a partnership with CAClubIndia,which will help the education services company deliver its CA coaching content to about 600,000 students.

The company,which had forayed into the online CA coaching services business through a joint venture in January,expects to generate revenue of 2 billion rupees from its overall CA coaching services,the company said in a statement to the exchange.

Financial details of the partnership were not disclosed.

Reacting to the news,shares of the company extended gains and rose 4.4 percent to 133.95 rupees in a firm Mumbai market.

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