After winning contracts in Japan and Saudi Arabia DataSoft has now gotten a breakthrough in neighbouring Nepal, with the local tech giant set to provide software and cloud services to Nepal Finsoft Company, a Kathmandu-based fintech company.
“This is the first large scale software product signing between Bangladeshi and Nepalese companies,” said Manjur Mahmud, chief operation officer of DataSoft, after the signing of the deal to implement Finsoft's microfinance core banking solution on Friday.
The contract, which was won through competitive bidding, will yield DataSoft more than $2 million over the next five years, according to Mahmud.
Finsoft will formally start to take service from November 3; the integration process will start within the next couple of days. DataSoft is developing an artificial intelligence system for Tokyo's 10,000 smart apartments, which will help to solve the accommodation problems during the 2020 Olympics.
The pioneering local firm is also developing Internet of Things (IoT) solutions for Congo for one of its bridges that will give signal about the bridge's condition and weight of the vehicles. It is developing IoT devices that are solving the water supply crisis faced by Mecca.