Dynacons wins Managed Services Order for IT security Solutions from Punjab National Bank

Dynacons Systems & Solutions Ltd has won the prestigious order worth Rs. 57.04 crores from Punjab National Bank for IT Security Solutions related to Endpoints. Dynacons has won this bid with stiff competition from industry known vendors.

Punjab National Bank (PNB) has implemented a Centralized Banking Appliance (CBS) with Data Centre at New Delhi and Disaster Recovery Site at Mumbai. The centralized Banking Appliance covers all the 7000 plus SOLs (Service Outlets), which are connected to the Data Centre and DRS through an Enterprise Wide Network which is a two tier meshed architecture. Bank has also implemented Security Operation Centre (SOC) and integrated the servers / devices for log analysis and monitoring of servers / devices installed across the Bank network. Bank has implemented Enterprise Data Ware House Project to provide better access to information, to foster better and more informed decision-making, besides providing statutory reporting and MIS for the Bank.

The Bank's objective is to select a vendor for support services of security solutions at endpoints related to AD/DM/AV/ATP solutions for the Amalgamated Entity (i.e. entity after amalgamation of Punjab National Bank, Oriental Bank of Commerce and United Bank of India. The Solution includes onsite deployment of highly skilled Resources at Data Centre / DR and their PAN India branches. The contract period is for 5 Years and may be further extended on mutual understanding.

Commenting on the development, Parag Dalal, Executive Director of the Company said, "The order is a testimony to the technology expertise and readiness of skillsets. This is a significant win and demonstrates the capability of the Company to deliver and implement large scale IT projects for the BFSI sector. Our journey is to continue to provide innovative technologies that allow our customers to take control of their security outcomes. Our focus is on enabling organizations to be security first."

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 149.75 as compared to the previous close of Rs. 146.05. The total number of shares traded during the day was 6641 in over 161 trades.

The stock hit an intraday high of Rs. 153.60 and intraday low of 144.35. The net turnover during the day was Rs. 992198.00.

Shares of Punjab National Bank was last trading in BSE at Rs. 37.25 as compared to the previous close of Rs. 36.85. The total number of shares traded during the day was 4008005 in over 8827 trades.

The stock hit an intraday high of Rs. 37.35 and intraday low of 36.25. The net turnover during the day was Rs. 148281520.00.

Source : Equity Bulls

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