Trigyn Technologies rallies ~6% as subsidiary bags multi-year contract worth $5 million

1 Sep 2022 , 12:32 PM

Trigyn Technologies Limited’s wholly owned subsidiary has received a contract with a maximum value of $5 million dollars by the State of Vermont, Agency of Digital Services, to provide Business Analysts, IT Project Managers, and other IT Professional Staff to support the implementation of Vermont’s Medicaid Enterprise Systems (MES).

The company will also be providing support for Medicaid Enterprise Systems Component Projects, including Vermont Health Connect (VHC), Health Information Exchange (HIE/HIT), Integrated Eligibility (IE), and Medicaid Management Information System (MMIS).

The award has a potential duration of four years. The initial term is two years, with two one-year extensions at the State’s discretion.

Under the contract, the company will also play some additional roles such as Salesforce Developer, Enterprise IT Architects, Full-Stack Developers, DevOps Engineers / Technical Leads, Release / Delivery Managers, Database Solutions Developers, Database Administrators, and Data Solutions Developers.

This award will help Trigyn to expand its presence in the public sector, mainly in, Healthcare and Medicaid business, which has developed over the last decade in states such as New Jersey, New Mexico, New York, Massachusetts, Minnesota, North Carolina, West Virginia, and others.

At around 12.35 PM, Trigyn Technologies was trading at Rs107.50 up by or 6.17% from its previous closing of Rs101.25 on the BSE. The scrip touched intraday high and low of Rs108.25 and Rs100.50 respectively.

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