Cambridge Technology Enterprises (CTE), an IT services leader focused on the convergence of big data and cloud, today announced its continued engagement with Schneider Electric, a global leader in energy and sustainability management with the goal of helping support their cloud application development, data modelling, and analytic reporting initiatives.

The relationship between Cambridge Technology Enterprises and Schneider Electric dates back to 2003. Throughout this period of association, CTE has helped execute several successful projects for Schneider Electric from both the United States and India.

''Our work with Schneider Electric has evolved our application development services capabilities,'' said Aashish Kalra, chairman of Cambridge Technology Enterprises. ''In continuation or our existing engagement with Schneider Electric, we look forward to expanding our services in cloud and big data domain.''

Shares of the company gained Rs 3.5, or 4.97%, to settle at Rs 73.95. The total volume of shares traded was 152,713 at the BSE (Tuesday).