KUALA LUMPUR (Dec 29): Technology solutions provider Infomina Bhd (KL:INFOM) has secured a contract to provide software support services to Siam Commercial Bank Public Company Ltd for US$33.84 million (RM137.1 million).

Its 99.99%-owned unit in Thailand, Infomina (Thailand) Co Ltd, accepted the blanket purchase agreement to provide technology application and infrastructure operations, maintenance and support services to the Thailand-based bank on Monday, Infomina said in an exchange filing.

The job will span three years from Jan 1, 2026, and its value will be invoiced progressively over the period. "Any renewal of the blanket purchase agreement in the future will be subjected to new orders to be negotiated with Siam Commercial Bank towards the end of the period."

Infomina (Thailand)’s role under the contract includes assisting Siam Commercial Bank in renewing licence subscriptions, providing training to the bank’s personnel, and supplying fixes required for software installation and operations.

“The services also encompass assessing and monitoring the software environment of Siam Commercial Bank to ensure it is updated with the latest relevant supported version.

“Infomina [Thailand] will also provide online and offline support services, periodical maintenance to the software, ad-hoc technical and repair services, as well as consumption or utilisation monitoring and reporting services,” it said.

Shares in Infomina ended two sen or 1.45% higher at RM1.40 on Monday, valuing the company at RM841.75 million.