Virinchi has inked a multi-product 5 year contract with Advance America Inc, the largest company in USA in the Alternate Finance Industry to deliver, maintain and host its flagship Lending Management Software QFund for a period of 5 years.
The incremental revenues from this contract with Advance America, will be largely EBIDTA accretive to Virinchi. More importantly this contract allows the company to get close to 40% of the 5 year revenues in first five or six quarters of the contract period.
Virinchi is an IT Products & Services company listed on Bombay Stock Exchange (BSE), India, focusing on customers in North America, Europe, & Middle East.
