NIIT, an IT learning solutions provider, on Monday announced that its wholly owned subsidiary NIIT (USA) Inc., USA, has signed a Managed Services agreement with a US based financial services organization (an existing client) to provide a range of learning services.

The term of the agreement is 5 years. Both companies see this as a significant partnership to transform the effectiveness and efficiency of regulatory and compliance learning within the financial services sector.

Shares of the company declined Rs 2.05, or 1.1%, to trade at  Rs 184.15.  The total volume of shares traded  was  20,124 at the BSE (11.13 a.m., Tuesday).