Magellanic Cloud's Subsidiary IVIS Secures Second E-Surveillance Contract with Capri Global Capital, Strengthening BFSI Presence
Magellanic Cloud Limited has seen its wholly owned subsidiary, IVIS International Private Ltd., secure a second major Purchase Order from Capri Global Capital Limited. This contract involves the deployment of IVIS's Integrated E-Surveillance and Vault Operation Solution across additional sites on a pan-India basis.The receipt of this second purchase order significantly strengthens Magellanic Cloud Limited's relationship with Capri Global Capital Limited. It reflects continued confidence in Ivis's technology, nationwide deployment capabilities, and managed e-surveillance services provided to financial institutions. The contract focuses on implementing the Integrated E-Surveillance & Vault Operation Solution across these new locations nationwide.
The expanding engagement between IVIS and leading financial institutions underscores the scalability and growing relevance of its AI-enabled surveillance solutions within the banking and financial services (BFSI) sector. With a comprehensive suite of capabilities including integrated e-surveillance, remote monitoring, vault operations, and technology-enabled security management, IVIS is well-positioned to meet the evolving security requirements of financial institutions across India on a scaled basis.
The contract award aligns with the core business activities of Magellanic Cloud Limited, which provides integrated surveillance, security, and technology solutions. The Company remains committed to delivering scalable, technology-driven surveillance services to banks and financial institutions, expressing anticipation for further expansion of its partnership with Capri Global Capital Limited.
MCLOUD Stock Price Movement
Shares of MAGELLANIC CLOUD LIMITED are rallying in the pre-open session, gaining 0.57% and currently trading at ₹29.89 as of 9:14 AM today. The market reflects a total traded volume of 14,607 shares during this initial trading activity.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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