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.
| Company Name | CMP |
|---|---|
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| Infosys | 1179.20 |
| HCL Tech. | 1198.60 |
| Wipro | 197.95 |
| Tech Mahindra | 1463.05 |
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