NIIT Technologies, a leading Software services provider, announced that it has bagged a worldwide sourcing contract from US-based American Safety Insurance Services Inc.

The source close to the company said that under the terms of the order, New Delhi headquartered NIIT will offer migration, configuration and customization support for American Safety's suite of applications.

The source also revealed that the work will be executed cooperatively in an onshore - offshore model between India and the United States. 

While commenting on the contract, Julia Davis ASI`s chief information officer stated, “For this vital initiative we wanted to ensure our mission critical applications were in the hands of a process oriented company with expertise in insurance. Through our partnership with NIIT, ASI has the opportunity to access an efficient pool of high quality talent. We are focused on implementing a strategy that will improve the quality of our internal processes, controls and metrics, while building a talented, global workforce that will differentiate ASI in the marketplace.”

NIIT will carry out integration and configuration services to the Guidewire Claims Center application based on ASI`s user requirements.

Mr. Lalit Dhingra, president (North America), NIIT Technologies stated, “We are pleased to partner with ASI as it aligns its IT organization to improve its operating efficiencies, Our extensive experience and expertise in the financial services market will enable ASI to lower costs while improving the performance of its IT group.”
 
The company did not divulge financial details of the proposed contract.

Stock of NIIT Technologies ended the day ( Friday) at Rs 94, up 1.24 per cent on National Stock Exchange. The total volume of shares traded was 402,753 at the NSE.