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Virinchi Tech bags $1.25 m contract

HYDERABAD: Virinchi Technologies, a Hyderabad-headquartered IT products and solutions company, has signed a multi-year contract with an Atlanta-based non-banking financial company to deploy Virinchi's product in the retail lending domain as hosted application service (ASP model) to the client's users. The contract will fetch minimum annual revenues of $1.25 million with an upward potential of $1.5 million, says a release.

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