Intellect Design Arena Limited has informed the Exchange regarding a press release dated February 21, 2026, titled " "Intellect Launches Purple Fabric-powered Tech Services TeamSpace, Bringing 150+ AI Agents to the Services Lifecycle"".
INTELLECT · price
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Intellect Design Arena has launched Tech Services TeamSpace, built on its Purple Fabric AI platform, targeting tech services companies with 50 to 5,000 employees. The product embeds over 150 domain-trained AI agents across the full services lifecycle, including pre-sales, requirements, design, development, testing, release, and operations. It is offered under the 'Enterprise AI on Tap' subscription model starting at ₹99,500 per month. The company is positioning this as a way for mid-sized IT services firms to access enterprise-grade AI without large upfront costs, shifting the industry's focus from headcount to 'intelligence density'.
This is a new product launch aimed at expanding Intellect's addressable market beyond its core banking customers into the broader tech services industry. Short-term impact on stock price is likely limited as no revenue figures or customer wins were disclosed, but it signals a new revenue stream potential if adoption picks up.