By IANS,
Chennai : City-based banking software company Polaris Software Lab Friday announced it has acquired a 50- acre facility in Hyderabad to house its School of Financial Technology from Catalytic Software Ltd.
Though listed in the Indian stock exchange, Polaris declined to reveal the deal size.
An company official told IANS that the major shareholder of the seller is an American company and hence the terms of deal is not being shared with the company’s Indian shareholders.
According to Polaris, the school aims at generating over 1,000 highly skilled “techno-bankers” a year for the company’s growing needs to service its clients.
The school will offer certificate full syllabus courses at both the “primer” and “practitioner” levels, executive fast-track modules in retail banking, core banking, investment banking and corporate banking as well as customised enterprise training workshops.
The courses are offered to Polaris associates and will be extended to the company’s key accounts.