Virinchi has signed up a multi-year contract for its flagship product ‘Qfund on Cloud’ with one of the leading lenders of alternative financing industry in USA. The company’s Cloud solution will replace the entire present IT Infrastructure of the lender.
Over the first three years of the contract starting January 2017, Virinchi is expected to generate annuity revenue of $3.5 million and services revenue of another $2.5 million, totaling a $6 million revenue addition over the same period.
Virinchi is one of the fastest growing IT products and solutions companies with operations in India and US. It offers IT products and solutions for US markets while offering end-to-end business solutions for Indian markets.
