Silverlake Axis has secured two new contracts in China for a total value of $70 million to provide cards (credit, debit and loyalty cards) and logistics IT solutions to HNA Group Co.
In the cards agreement, Silverlake Axis will grant the HNA Group a perpetual licence to use its card-processing software as well as implement and provide application support services for a period of five years for a total contract value of $20 million.