Shares of Zendesk (NYSE: ZEN) have popped today, up by 14% as of 3:15 p.m. EDT, after the company announced a new strategic partnership. Meanwhile, the broader market has soared on hopes of a stimulus package to mitigate the economic impact of COVID-19.
Zendesk said it was partnering with India-based Tata Consultancy (TCS) in order to offer greater customer relationship management (CRM) solutions to large organizations. That would help leverage each company's respective strengths, allowing Zendesk's software solutions to complement Tata's experience in helping companies manage digital transformations. Shares of Tata were also up on the National Stock Exchange of India.
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