$75 million, 5-year contract awarded to the Company
as the prime integrator for the SysMod Project
Dallas, June 01, 2016 - Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, today announced that it has been selected by Department of Motor Vehicles (DMV) of the State of Nevada to be the prime systems integrator for the System Modernization or “SysMod” project – a transformational initiative to modernize the DMV operations.
Tech Mahindra’s award winning solution MOVES™, will form the basis of the transformational journey. The solution will be migrated to the Oracle technology stack and will provide a true customer service experience across multiple channels. The proposed digital solution will provide for better customer service, reduce transaction processing time, and increase speed-to-market of offered NV DMV products and services. The total contract value including infrastructure and services is greater than $70M over a five year period.
"We are looking forward to partnering with Tech Mahindra to create the DMV of the future" said Department of Motor Vehicles Director Terri L. Albertson. "This is not just a technology upgrade. We are creating a motor vehicle agency that will be second to none in delivering fast and efficient service to the public. It is also a great example of innovation and responsive state government under Governor Brian Sandoval's Nevada Strategic Planning Framework for the next five years."
"Tech Mahindra is very excited to partner with Nevada Department of Motor Vehicles in designing and implementing the DMV of the Future”, said Arvind Malhotra, Cluster head of Strategic Accounts. “We will be implementing the solution in a phased manner leveraging Agile methodology and a very modern IT architecture “.
About Nevada DMV
The Nevada Department of Motor Vehicles issues driver’s licenses, vehicle registrations and license plates in the Silver State. It also licenses, regulates and taxes the vehicle, motor carrier and fuel industries.
The DMV’s mission is to modernize and reinvent DMV services through technology, innovation, customer service and training while guarding against fraud and protecting the driving public through licensing and intervention practices while ensuring privacy protection of DMV records.
The department has more than 1,100 employees. It collects more than $1 billion in annual revenues that help fund highway projects, local government services and school districts. The DMV also raises funds for charitable organizations through the specialty license plate program.
Visit the DMV website at www.dmvnv.com.
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Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.