India, Aug. 12 -- Magellanic Cloud Ltd said its wholly owned subsidiary, IVIS International Pvt Ltd, has secured multiple purchase orders worth approximately Rs 18.4 crore from NCR Corporation India Pvt Ltd for providing e-surveillance solutions across Punjab National Bank ATM sites.
The orders, comprising both Capex and Opex components, have been secured for a period of five years and are expected to strengthen IVIS' presence in the Banking, Financial Services and Insurance (BFSI) segment.
The company said the win reinforces IVIS' expertise in large-scale, technology-driven surveillance deployments across distributed ATM networks. It plans to leverage its AI-enabled e-surveillance capabilities and pan-India deployment network to further ...