3i Infotech USA Secures ₹1.26 Crore Cybersecurity Order from US Credit Union
3i Infotech Inc., USA, a subsidiary of 3i Infotech Limited, secured a work order worth approximately ₹1.26 crore from a US credit union. The contract involves designing and implementing Zero Trust - Identity and Access Governance (IAG) in cybersecurity. The project has a 10-month execution period.
The value of the order (₹1.26 crore) is below the materiality threshold for the company, indicating a limited financial impact on the overall business.
The company has secured a new order, which is a positive development indicating business growth and expansion into international markets.
3i Infotech Limited announced that its wholly-owned step-down subsidiary, 3i Infotech Inc., USA, has received a work order from a leading US credit union. The order, valued at approximately ₹1.26 crore (exclusive of applicable taxes), is for the design and implementation of Zero Trust - Identity and Access Governance (IAG) within the cybersecurity domain.
The scope of the engagement includes end-to-end implementation of the Saviynt IAM platform, design and architecture of tailored IAM solutions, review and optimization of existing environments, configuration and deployment of Saviynt connectors, and identification and reporting of access security risks. The project is expected to be executed within 10 months.
This award is considered international in nature and relates to cybersecurity. The company is voluntarily disclosing this information as the amount involved is below the materiality threshold limits. The name of the customer cannot be disclosed due to confidentiality obligations. There is no interest from the promoter, promoter group, or group companies in the awarding entity, and the contract does not fall within related party transactions.
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3i Infotech Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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