Dynacons Secures Major ₹62.98 Cr SBI SD-WAN Project
Hey finance enthusiasts! 👋 Get ready for some exciting news from the tech world that’s making waves. Dynacons Systems & Solutions Limited (DSSL), a key player in IT solutions, has just announced a massive win that’s sure to grab attention.
Dynacons has secured a significant contract from none other than the State Bank of India (SBI), India’s largest bank! This isn’t just any deal; it’s for the implementation and maintenance of a Software Defined Wide Area Network (SD-WAN) Solution, valued at a whopping ₹62.98 Crores (excluding GST). At the time of this announcement, DSSL shares were trading around ₹1065, showing a slight uptick of 0.7%.
So, what exactly is an SD-WAN solution, and why is this a big deal for SBI? Think of it as a smart upgrade for SBI’s entire network. This 7-year contract will see Dynacons deploying a Versa-made Secured SD-WAN solution across SBI’s 4 Data Centres and a staggering 7000 branches nationwide. The goal? To significantly enhance connectivity, boost security, and improve application performance for SBI, including its vast network of Rural Regional Banks.
In simple terms, SD-WAN helps organizations manage their network traffic more efficiently, ensuring faster, more reliable, and more secure connections. For a bank as large as SBI, this means smoother operations, better customer service, and a more robust digital infrastructure. The contract also includes comprehensive 24x7x365 support with committed service level agreements (SLAs), ensuring everything runs like clockwork.
This project highlights Dynacons’ expertise in delivering critical IT infrastructure services to major clients. It’s a testament to their capability in handling large-scale, complex deployments that are vital for the digital transformation of institutions like SBI. A win like this not only strengthens Dynacons’ position in the market but also underscores the growing demand for advanced network solutions in India’s financial sector. Keep an eye on DSSL as they embark on this significant journey with SBI! 🚀
source: Corporate Announcement
Join our Telegram for instant updates!