Zensar Technologies has signed a Global OEM partnership with PTC. The PTC ThingWorx loT Platform is one of the leading loT platforms globally. The scope of the agreement involves collaboration in the areas of Retail, Hi-Tech and Manufacturing. Zensar will build and offer IOT solutions in these areas to joint customer prospects.

Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar said, "We are increasingly focusing on partnering with industry's leading technology companies like PTC to build on our offerings as customers get ready to embrace the digital wave. loT is one of the key focus areas for our innovation arm, the Zen Labs, and this partnership with PTC comes at the right time as our customers are relying on us to help them navigate loT more confidently."

Shares of the company declined Rs 14.25, or 0.97%, to settle at Rs 1,450.00. The total volume of shares traded was 6,018 at the BSE (Tuesday).