Workmates Core2Cloud Solution has secured work order from a leading retail broking and financial services company for migration of their existing workloads to Amazon Web Services (AWS) cloud infrastructure and deployment of new applications on the AWS cloud platform.
The initial order value is of $2,60,000, however the estimated value of this engagement going forward is around multi-million dollar as annual recurring revenue (ARR), exclusive of applicable taxes. The full ramp-up to the ARR value is expected to be achieved over a period of around 24 months from the date of commencement of the engagement. This order further strengthens the company's position as a trusted cloud transformation partner, reinforcing its capabilities in cloud migration and managed services on AWS.
Workmates Core2Cloud Solution is primarily engaged in the business of Information Technology Development & Consultancy, Resale and Cloud Management and Content Creation.