Vortex signs agreement with UCO Bank for 300 New ATM machines
| ➡️ Get instant news updates on Whatsapp. Click here to join our Whatsapp Group. |
Vortex Engineering Private Limited (Vortex), a subsidiary Company of Vakrangee Limited, has entered into a service level agreement with UCO Bank. Under this agreement Vortex will provide end-to-end solutions for 300 New ATMs over a period of seven years, with a total contract value of Rs.12.81 Crore.
The company has successfully deployed over 14,000 ATMs across diverse geographies, backed by annual production capacity of 12,000 units. Vortex’s IP portfolio, comprising 9 registered patents in ATM and cash dispenser technologies, stands as a testament to its engineering excellence and innovation-driven culture.
Vortex has also developed ‘PERFO’—a remote ATM monitoring platform that is both cross-platform and cross-vendor compatible. This nextgeneration software enables real-time oversight, predictive maintenance, and efficient fleet management, ensuring optimal performance across heterogeneous ATM networks.
