Route Mobile rises on launching TruSense

Route Mobile is currently trading at Rs. 1353.10, up by 15.55 points or 1.16% from its previous closing of Rs. 1337.55 on the BSE.

The scrip opened at Rs. 1332.05 and has touched a high and low of Rs. 1367.95 and Rs. 1332.05 respectively. So far 3120 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1727.25 on 04-May-2022 and a 52 week low of Rs. 1052.60 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1374.00 and Rs. 1293.65 respectively. The current market cap of the company is Rs. 8435.11 crore.

The promoters holding in the company stood at 58.44%, while Institutions and Non-Institutions held 28.32% and 13.24% respectively.

Route Mobile has launched TruSense, a digital identity and security suite that is critical to securing digital transactions through a reliable ecosystem, enabling businesses to authenticate the end user in a frictionless way. Trusense Identity will function as a dedicated Strategic Business Unit (SBU) under Route Mobile (UK). with its own product management and engineering development teams. The teams will be focused on building world-class products using expertise and technology from Route Mobile and Masivian S.A.S. — a wholly-owned subsidiary of Route Mobile (UK).

The proliferation of connected devices accelerated digital transformation and availability of inexpensive data has led to a proportionate increase in risks related to identity theft, forgery, sim swap, phishing, SMishing and online fraud. Activities like online transactions, onboarding activities, and KYC documentverification require a secure platform that ensures that the end-user is not an impersonator.

Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).

Check Also

A Colorful Affair: Rainbow Children’s Hospital’s Grand Baby Shower for Expectant Parents

Rainbow Children’s Hospital, hosted a “Grand Baby Shower” event, at the exquisite Fortune Select Trinity …

Leave a Reply

Your email address will not be published. Required fields are marked *