NIIT's Life Sciences division inks pact with Swiss multinational leader; stock climbs ~6%

21 Jun 2022 , 01:33 PM

NIIT Limited, a leading provider of managed training services and a worldwide talent development organization, said today that its life sciences business, NIIT Life Sciences, has signed a multi-year learning services agreement with a Swiss multinational leader in healthcare.

NIIT will provide customers with a full variety of learning services to help them streamline their regulatory activities utilizing Veeva Vault RIM under the terms of the agreement.

NIIT Life Sciences will provide end-to-end support for its client’s Vault RIM effort through worldwide training services provided in phases until 2024. The learning services provided by NIIT are designed to work in tandem with the company’s current Vault RIM deployment plan.

Flexible and agile working processes will be enabled by NIIT to shape and respond to the issues that come with a multi-phased Veeva installation. This will fit nicely with the company’s agile working process and help with the planning needed to address the obstacles that each release brings.

The client’s training programme will also benefit from NIIT’s scalability and strong subject matter experience, allowing their teams to focus on ‘making the change happen.’

NIIT is currently trading at Rs404.60 up by Rs22.6 or 5.92% from its previous closing of Rs382 on the BSE. The scrip touched intraday high and low of Rs407.95 and Rs375 respectively.