DEV Information Technology Limited (NSE: DEVIT, BSE: 543462), a global IT services provider, has recently announced that it has secured two major cybersecurity contracts from an existing USA-based enterprise client. These contracts, valued at USD 250,000 annually (~₹2 Cr), will involve providing cutting-edge cybersecurity solutions to enhance the client's digital security infrastructure.

Key Contract Highlights

• ISO Compliance Services: DEV IT will assist its client in meeting stringent ISO, HIPAA, and GDPR compliance standards, ensuring the enterprise adheres to the highest regulatory requirements.
• 24x7 Managed SOC Services: The company will provide 24x7 security operations center (SOC) services, using Cortex and Azure Sentinel to continuously monitor and address potential cybersecurity threats in real time.

Strategic Relationship and Expansion

DEV IT’s multi-layered relationship management strategy, particularly with the new leadership of its client, has been crucial in securing these contracts. The company’s reputation for quality solutions and cybersecurity expertise has positioned it as a preferred partner in the industry. The contracts reflect the company’s ability to scale its cybersecurity services globally.

Leadership’s View on the Contract Wins

Mr. Pranav Pandya, Founder and Chairman of DEV IT, expressed his excitement regarding the contract wins, stating:
“Securing these contracts reaffirms the trust our clients place in us. Our ability to adapt, innovate, and provide world-class cybersecurity services has positioned us as a preferred partner. We are excited about the opportunities this unlocks for the future.”

About DEV Information Technology Limited

Founded in 1997, DEV IT has grown into a global IT and ITeS provider, offering Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services. The company is headquartered in Ahmedabad, with a presence across India and Canada.

DEV IT has consistently been at the forefront of the IT services sector, specializing in areas like cybersecurity, analytics (with products like Talligence), and digital signing solutions (with products like ByteSigner). The company’s continued innovation and emphasis on quality services have driven its success, culminating in impressive financial results: ₹165.12 Cr in revenue and ₹9.48 Cr in net profit for FY24.

Forward-Looking Statements

Certain statements in this release are forward-looking, and actual outcomes may vary based on various factors such as economic conditions, technological risks, and global developments.

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