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SC Soft, an Aurionpro Group Company, steps into Africa and Central America: Mexico with Automatic Fare collection projects

Posted On: 2019-12-10 17:27:50

SC SOFT PTE LTD("SC Soft"), an Aurionpro group company, based in Singapore, has today announced winning two orders in the smart mobility segment and thereby foraying into the African and Central American regions.

SC Soft has partnered with SecureID Limited to deliver an Automatic Fare collection and E-Ticketing system for the Nigerian Railway Corporation (NRC). This deal is of strategic importance because this is the first time NRC is automating the fare collection system and that will include just first phase of seven stations and our complete software platform and reservations. This deal will help Aurionpro to position itself in the African market. The project will encompass delivery of Station Level components like Gate validators, Cashless Add value machine, Ticket checker portable machine, Back office Central management software for the authority, Mobile application and an online booking portal.

Secure ID will operate the project along with SC SOFT's technical sup'loft on the fare collection system. Secure ID is Africa's industry leader in Card manufacturing, personalization /fulfillment and digital solutions Company.

In another win, SC SOFT has been awarded the project to deliver on-board bus validators and hand held echo terminals for the trolley buses in Mexico City. This willbe the first such project in the Mexico City, where SC Soft will provide its recently launched, SCV 500 validators, to more than 300 buses in the city. The SCV 500 was launched this year at Stockholm which had got global attention. This project will be delivered by SC Soft in partnership with JM ASESORES Y SERVICIOS SA DE CV. SC SOFT will further continue to enhance the system by increasing the services for ticketing in buses with the on-board validators increasing to other fleets in near future.

Mr. Sanjay Bali, EVP, Head-South Asia, Aurionpro while making this announcement said that "these project wins are significant from strategic importance as it marks our foray into the newer markets having immense growth potential. SC Soft was a strategic acquisition in this segment wherein we are close to complete our investment cycle and with the new product offerings being launched, we are poised to grab opportunities in the segment."

Shares of AURIONPRO SOLUTIONS LTD. was last trading in BSE at Rs.67.9 as compared to the previous close of Rs. 70.05. The total number of shares traded during the day was 2475 in over 98 trades.

The stock hit an intraday high of Rs. 69 and intraday low of 63.55. The net turnover during the day was Rs. 165822.


Source: Equity Bulls

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