Magellanic Cloud (MCLOUD) recorded a significant order win in the E-Surveillance Segment from well-established Public Sector Bank.
MCLOUD, through its wholly owned subsidiary, Provigil Surveillance, has secured an order to provide end-to-end implementation and management of E-surveillance of ATM sites in 8 geographical circles spread across India.
The contract is awarded post competitive bidding and will enable MCLOUD to provide ESurveillance services to 3,032 ATM sites of a well-known Public Sector bank.
MCLOUD through this contract will generate revenues to the tune of Rs. 13 crore per year for the five-year contract period.
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