Cambridge Solutions sold a part of its stake in the vertical to Affiliated Computer Services for $ 30 million.

As many as 2.9 lakh shares changed hands in the counter on BSE.

The stock has been on an upmove since striking a low of Rs.105 at end-October 2006, to the current level.

The company said the stake sale in the vertical will enable it to focus on its core business of global outsourcing.

Cambridge Solutions is yet to announce its Q3 results. The September quarter results were not very impressive. The topline rose by a mere 7.34% at Rs.44.41 crores, sequentially, while actually reporting a loss of Rs 3.13 crores for the quarter. Cambridge Solutions, erstwhile Scandent Solutions, is one of the largest BPO centric companies listed on the exchanges. It operates across a wide range of segments like insurance, banking, financial services, government and manufacturing.

The company also entered into a MoU with real estate majors, Cushman & Wakefield and BigE to jointly develop a new generation technology platform for real estate management.