IVIS Secures Second Purchase Order from Capri Global Capital, Boosting BFSI Presence
Magellanic Cloud Limited's wholly owned subsidiary, IVIS International Private Limited, has secured its second Purchase Order from Capri Global Capital Limited. The order pertains to the deployment of IVIS's Integrated E-Surveillance & Vault Operation Solution across additional sites on a pan-India basis.The repeat business engagement signifies continued confidence in IVIS's technology and nationwide deployment capabilities. This latest order expands the existing collaboration between the two companies, reinforcing IVIS’s presence within the banking and financial services institutions (BFSI) segment.
Commenting on this milestone, Joseph Sudheer Thumma, Chairman & Managing Director of Magellanic Cloud Limited, stated that receiving a second purchase order from Capri Global Capital serves as a strong endorsement of IVIS's execution capabilities and technology. He noted that the expansion of their engagement across more sites enhances the company’s position in the BFSI segment and demonstrates its capacity to deliver scalable, technology-driven surveillance solutions nationally.
Magellanic Cloud Limited is a global technology company based in Hyderabad, specializing in digital transformation, cloud computing, e-surveillance, Generative Artificial Intelligence (AI), and drone technologies. The company provides advanced solutions across various sectors, including smart infrastructure, defence, fintech, and enterprise IT.
IVIS International benefits from the integrated capabilities offered by Magellanic Cloud's ecosystem of subsidiaries, which includes Motivity Labs, Provigil Surveillance Limited, Scandron, MCRAYXTEND India, and JNIT Technologies. These combined offerings are deployed in critical infrastructure projects such as railways, highways, BFSI entities, PSUs, and urban security systems.
Magellanic Cloud Limited serves over 100 clients across the USA, Europe, and Asia. The company is supported by a team exceeding 1,600 professionals and holds CMMI Maturity Level 3 certification.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are edging higher to ₹29.92 as of 10:12 AM today, having gained 0.67% in live trading. The stock is seeing notable activity, with 781,156 shares traded so far during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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