Canarys Automations Secures Major Contract Win with Finfactor Technologies for Azure Billing Services

Canarys Automations Secures Major Contract Win with Finfactor Technologies for Azure Billing Services

Canarys Automations Secures Major Contract Win with Finfactor Technologies for Azure Billing Services​

Canarys Automations Limited has announced it has secured a significant work order from Finfactor Technologies Private Limited, commonly known as Swiffy Labs. The contract involves providing specialized Azure billing services to the client.

The engagement requires Canarys to provide Azure billing services by raising monthly invoices in Indian Rupees (INR) corresponding to the client's Azure service consumption.

The contract details highlight the commercial size and scope of the collaboration.

ParticularsDetails
CustomerFinfactor Technologies Private Limited (Swiffy Labs)
Service ProvidedAzure billing services by raising monthly invoice in Indian Rupees (INR) for client's Azure service consumption
Financial ConsiderationINR ₹ 4,24,80,000 (Rupees Four Crores Twenty-Four Lakhs Eight Thousand Only)
Engagement TermThe engagement is valid for 12 months, commencing from the date of the Statement of Work (SOW) signing, with Purchase Orders (PO) expected annually.
Transaction StatusThe order was awarded by a domestic entity and is not classified as a related party transaction.

Commenting on the strategic win, Raghu Pavan, Chief Information Officer (CIO) of Canarys Automations Limited, stated that the company is "honoured to have secured the strategic Digital Transformation partnership with Swiffylabs." He noted that the partnership aims to accelerate Swiffy Labs’ cloud-first strategy through Azure, providing a secure, scalable, and high-performance platform for growth.

The ongoing engagement, according to the CIO, focuses on utilizing Canarys' in-house solutions for cloud optimization, security best practices, and infrastructure scalability to support the client’s expanding fintech operations.

Raghu Pavan added that this achievement aligns perfectly with the company's roadmap and vision of creating scalable solutions that can replicate to a large number of companies in similar sectors. With this contract, Canarys aims to scale its Cloud, AI, and ML capabilities to deliver large-scale engagements globally.

Canarys Automations Limited, headquartered in Bengaluru, Karnataka, India, has established itself as a comprehensive solution provider with over 35 years in business. The company specializes in Dev-Ops, GitHub, Azure, AWS, GCP, Migration and modernization of Infrastructure, and building Analytics and AI solutions across diverse domains. To date, Canarys has served over 150 customers across the USA, UK, Europe, Malaysia, and Singapore. The company, which went public in 2023, has also acquired Fortira Inc. in the US, focusing on Data and AI. Canarys is recognized as a GitHub Verified Partner and a Microsoft Qualified-DevOps FastTrack Partner.

CANARYS Stock Price Movement​

As of 12:45 PM, shares of Canarys Automations Limited are slipping by 3.25% in live trading, currently dropping by ₹0.70 to near ₹20.85. The equity is seeing active trading, with a volume of 148,000 shares traded so far in the live market.
 

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