Virtual Galaxy Infotech Limited Secures Cyber Security Operations Centre Work Order from Buldana District Central Co-operative Bank Ltd
Virtual Galaxy Infotech Limited has secured a significant work order from The Buldana District Central Co-operative Bank Ltd. (BDCC) for the implementation and management of its Cyber Security Operations Centre as a Service (C-SoC SaaS).The partnership strengthens a long standing business relationship between Virtual Galaxy Infotech Limited and BDCC, which dates back to 2014. Since that time, the company has provided Core Banking Software (CBS) solutions, data centre and disaster recovery site infrastructure, hosting, and related products and services to the bank.
Under the terms of the new agreement, Virtual Galaxy Infotech Limited will provide managed services for a minimum period of five years. The scope of the project includes Security Analyst Services, SIEM, SOAR, and ITSM.
Contract Details and Financials
The contract is classified as a domestic order. While it is a continuing contract, the commercial value has been calculated based on the minimum five year service period.The details of the agreement are outlined in the table below:
| Particulars | Details |
|---|---|
| Name of Awarding Entity | The Buldana District Central Co-operative Bank Ltd., Buldana |
| Nature of Order | Implementation and Managed Services of C-SoC SaaS |
| Significant Terms | Provision of SIEM, SOAR, ITSM, and Security Analyst Services for a minimum period of five years |
| Time Period | Minimum of five (5) years from the Effective Date |
| Aggregate Contract Value | Approximately Rs. 1.53 crore (exclusive of applicable taxes) |
The company confirmed that neither the promoter group nor any group companies hold an interest in the entity awarding the order, and the transaction does not fall within the scope of related party transactions.
VGINFOTECH Stock Price Movement
As of 12:48 PM, shares of Virtual Galaxy Infotech Limited are slipping by 0.27% in live trading, currently at ₹149.7. The stock is moving with a total traded volume of 25,000 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.