Magellanic Cloud Limited announced that its wholly owned subsidiary, IVIS International Private Ltd, has received its second purchase order from Capri Global Capital Limited. The order is for the deployment of IVIS's Integrated E-Surveillance & Vault Operation Solution across additional sites on a pan-India basis.
This purchase order strengthens the company's existing relationship with Capri Global Capital Limited and reflects continued confidence in IVIS's technology, nationwide deployment capabilities, and managed e-surveillance services. The order involves expanding the deployment of the integrated solution to additional sites across India.
The engagement expansion with leading financial institutions underscores the scalability and growing relevance of IVIS's AI-enabled surveillance solutions across the BFSI sector. The solution capabilities include integrated e-surveillance, AI-powered video analytics, remote monitoring, vault operations, and technology-enabled security management.
The contract was awarded in the ordinary course of business and aligns with Magellanic Cloud's core business of providing integrated surveillance, security, and technology solutions. The company remains focused on delivering scalable, technology-driven surveillance solutions to banks and financial institutions and looks forward to further expanding its partnership with Capri Global Capital Limited.