Boston, MA 05/29/2013 (wallstreetpr) – In Tuesday’s trading session, shares of Camelot Information Systems Inc (NYSE:CIS) rose by 10.12%. The opening price $1.69 touched an intraday high of $1.85 before dipping to $1.69 per share. More than 0.653M shares were traded in Tuesday’s trading session which was lower than the average volume of 0.884M that was measured over a period of 30 days
Camelot Information Systems Inc (NYSE:CIS) is a holding company. It conducts business via its operating subsidiaries based in China. The company is a domestic provider of various enterprise application services as well as financial industry information technology services in China. The CIS service lines include enterprise application services. These consist of packaged-software services that are used in enterprise resource planning, software packages as well as software maintenance and development services. The financial industry IT services consists of software solutions, system maintenance and support and IT consulting services that are used in the financial industry. The company provides these services to a number of industries. These include resources, financial services, energy, automobile and manufacturing as well as technology. In 2011 January, Camelot Information Systems Inc (NYSE:CIS) acquired Dimension InfoTech Co. Ltd and also its offshore affiliates. In March 2012, it formed Camelot Financial Information Technology Services Co., Ltd.
CIS works with the providers of packaged software. It helps them install and integrate packages with the computer systems that the customers’ that they are already using, along with the different Internet applications. The company’s ERP integration services enable these systems to effectively communicate with each other.
