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Cressanda Solutions inks MoU with South Africa's Buffshelfco 59 for providing IT services; Stock shines near 5%

25 Jul 2022 , 11:45 AM

Cressanda Solutions Limited recently on July 18, 2022 has entered into a Memorandum of Understanding with Buffshelfco 59 (Pty) Ltd. South Africa for providing IT Infrastructure Services, Super App Services, Digital Services and Marketing Services. Buffshelfco 59 (Pty) Ltd. with a Consortium which specializes in Consulting, Networking, IT Infrastructure, Digita l Solutions, E-Commerce and Digital Marketing.
The MoU is for a three-year period to provide cutting-edge user experience by delivering superior services in the domains of IT Infrastructure, Super App development. Buffshelfco and Cressanda’s partnership eyes to create a dependable, technologically advanced, and smooth consumer experience across India.
Buffshelfco, South Africa (through a consortium) also brings to the table, deep expertise in developing Next gen IT Infrastructure services, Advisory & Consulting services and lCT Implementation services. Cressanda aims to provide uninterrupted mobile Wi-Fi services to large number of users of its services at multiple location spread across India while using any mode of transportation – road, rail, water or air.
This partnership will enable Cressanda to create an app to deliver measurable business value for brands providing services on the app while engaging its users with multiple entertainment and utility avenues. 
Further, it will also assist Cressanda to provide Next Gen IT Services, Marketing & other Digital Services through the technical know-how of the Consortium Companies holding expertise in providing Advertising services, Data insights using Artificial Intelligence and various other Value Added Services.

At around 11:48 AM, Cressanda Solutions was trading at Rs40.15 per share up by Rs1.8 or 4.69% from its previous closing of Rs38.35 per share on the BSE.

Related Tags

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  • Buffshelfco 59 (Pty) Ltd
  • Cressanda Solutions Ltd
  • Cressanda Solutions Ltd shares
  • Cressanda Solutions Ltd stocks
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