Mastek signs $30-mn contract with US firm

Mastek’s US subsidiary MajescoMastek said it had signed a multi-year licence, implementation and maintenance engagement for its STG Billing solution with a Fortune-100 insurance and financial services company. The initial value of the contract is $30 million (around Rs 170 crore). As a part of this contract, Mastek will modernise the company’s enterprise billing and payments platform across all the lines of insurance and financial products.