Tech M bags over $75mn deal from Nevada Motor Vehicles Dept

IT major Tech Mahindra today said it has bagged a USD 75 million contract from Nevada's Department of Motor Vehicles (DMV) as the prime integrator for a system modernisation project.
The 5-year contract for modernising DMV's operations will see Tech Mahindra deploy digital solution to help provide better customer service, reduce transaction processing time, and increase speed-to-market of offered NV DMV products and services, Tech Mahindra said in a statement.
NV DMV is primarily responsible for issuing drivers licenses, vehicle registrations and license plates in Nevada state of the US.
The total contract value including infrastructure and services is USD 75 million over a five-year period, it added.

"This is not just a technology upgrade. We are creating a motor vehicle agency that will be second to none in delivering fast and efficient service to the public," DMV Director Terri L Albertson said.
(REOPEN BCM13)
Tech Mahindra head of enterprise business in continental Europe and British Telecom engagement unit Rajesh Chandiramani in a statement said, "We will help Stockmann in significantly enhancing its operational efficiency in the fast evolving retail landscape globally."
Meanwhile, TechM also announced launch of a virtual network function (VNF) exchange, along with a number of leading new age providers of software defined networks (SDN) and network functions virtualization (NFV) products.