Ricoh India Signs MoU With Vakrangee

23 November, Mumbai

Ricoh India, leading provider of digital office equipment and IT services, announced that the company has signed a memorandum of understanding (MoU) with Vakrangee for providing state of the art managed print services (MPS) to Vakarangee.

The total contract is worth Rs 400 crore and the duration of the contract will be spread to five years.Earlier, the company announced its entry into the service solution space for financial institutions with the launch of TranSecure, a security solution for banks.

Ricoh will take this service across the financial institutions in the India market, which will allow banks to detect suspected fraud transactions and arrive at a more intelligent decisioning methodology to reduce false positives.