Magellanic Cloud has informed that IVIS International, a wholly owned subsidiary of the company, has received its second Purchase Order from Capri Global Capital for the deployment of its Integrated E-Surveillance & Vault Operation Solution across additional sites on a pan-India basis. The Purchase Order further strengthens the Company’s relationship with Capri Global Capital and reflects the continued confidence in Ivis’s technology, nationwide deployment capabilities and managed e-surveillance services. The order involves the deployment of Ivis’s Integrated E-Surveillance & Vault Operation Solution across additional sites on a pan-India basis. The continued expansion of Ivis’s engagement with leading financial institutions underscores the scalability and growing relevance of its AI-enabled surveillance solutions across the BFSI sector. With capabilities spanning integrated e-surveillance, AI-powered video analytics, remote monitoring, vault operations and technology-enabled security management, iVIS is increasingly positioned to address the evolving security requirements of financial institutions across the country at scale. The aforesaid contract has been awarded in the ordinary course of business of the Company and is aligned with its 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.
