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 Info-Tech - Software
Virinchi Tech bags US order

Hyderabad, Sept. 18

Virinchi Technologies Ltd has signed a three-year application service agreement with a retail micro lending company based in the US, which the company has been servicing for the past 18 months. The company estimates revenue of $1.2 million per annum with a potential to grow to about $2 million over three years. The Chief Executive Officer of Virinchi, Mr Anil Kumar Pinapala, in a statement said: "The extension of the contract shows the growing confidence of clients. This ASP (Application Service Provisioning) model ensures a steady flow of revenue with revenue predictability and sustainability." - Our Bureau

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