
Business Update20 Aug 2026, 09:03 am
Magellanic Cloud Subsidiary Secures New Purchase Order
AI Summary
Magellanic Cloud Limited announced that its wholly owned subsidiary, IVIS International Pvt. Ltd., has received a second purchase order from Capri Global Capital Limited. This order is for the deployment of IVIS's Integrated E-Surveillance & Vault Operation Solution across additional sites on a pan-India basis. The continued engagement with Capri Global Capital Limited strengthens Magellanic Cloud's presence in the BFSI sector, highlighting the scalability and relevance of its AI-enabled surveillance solutions. The company focuses on providing integrated surveillance, security, and technology solutions to financial institutions.
Key Highlights
- Wholly owned subsidiary IVIS International received a second purchase order from Capri Global Capital Limited.
- The order is for pan-India deployment of Integrated E-Surveillance & Vault Operation Solution.
- Strengthens BFSI presence and reflects confidence in IVIS's technology and services.
- Underscores scalability and relevance of AI-enabled surveillance solutions in the financial sector.
Price Impact
More from MCLOUD