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January 30, 2001
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DSQ Software gets $100 million US order

India's DSQ Software said on Tuesday that it had bagged a five-year, $100 million contract to provide electronic commerce services to a US-based insurance company -- its largest project ever.

DSQ Software said in a statement that over 80 percent of the value of the contract will be achieved through offshore development.

Its shares rose as high as 4.87 per cent or Rs 19.95 to Rs 429.50 shortly after the announcement, while the Sensex was up 1.17 per cent.

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