Satyam announces four major deals in ROW

Enters multi-year contracts with Govt. of Singapore and Govt. of Australia Bags long term strategic outsourcing contract with Emirates Bank
By: Ogilvy Public Relations Worldwide
 
July 17, 2007 - PRLog -- -   Signs on multi year  Singapore Government outsourcing contracts
-   On the fast track with Australia’s largest transport provider for providing ADMS and Consulting Services
-   To implement an Enterprise Financial Management solution for Emirates bank


Hyderabad (INDIA), 17 July 2007 - Satyam , a leading global consulting and IT solutions provider, announced today that it has recently bagged four major deals in Singapore, Australia and UAE. Two of these deals from Singapore government are primarily outsourcing and IT services contracts. For Emirates Bank, the global IT giant will implement a ubiquitous Enterprise Financial Management solution which will help the bank in having better efficiencies and control at the Emirates Bank Group level and also augment their business strategy for continuous enhancement of their internal processes. This solution will enable integration of support functions and build best-in-class organizational processes.

All these deals are among the largest hauls to-date in the specific regions following its participation in recent public and private tenders. In Australia, Satyam will deliver Application Development and Maintenance and Consulting Services to one of Australia’s largest transport provider.

“We mine almost 17% of our revenues from ROW region ( Row consists of all geographies other than Europe and Americas). The outsourcing forecasts in the coming years is promising in this region. We have one of the largest presence in ROW among our peers and our effective glocalization approach will enable us to further consolidate our position in this emerging market,” said Mr. Virender Aggarwal, Satyam’s director and senior vice president of APAC and MEIA.

Satyam has bagged two multi-year outsourcing and IT services contracts from the Singapore government. Satyam is addressing the on-going initiative by Singapore to outsource its government IT needs to reap the full gains of technological revolution and sizeable macroeconomic benefits. Under these agreements, Satyam will have end-to-end responsibility for application management and maintenance of new and existing systems. In addition, Satyam will consult the respective government departments on future technology directions and business practices. In some cases, Satyam will also provide them with business transformation initiatives in order to yield optimum business results.

Today, Satyam employs more than 380 associates in Singapore who execute major functions of software development, business continuity and other functions for customers across APAC from its regional headquarter in Singapore’s central business district. Singapore is also the site of Satyam’s Global Business Continuity and Disaster Recovery center and in 2006, Satyam validated its ability to ensure seamless business continuity in a first-of-its-kind, cross-border country outage.

For the largest transport provider in Australia, Satyam has been selected for enterprise upgrade to SAP ECC 6.0, application development and maintenance outsourcing and consulting services.

Satyam is present in Australia since 1998 and has grown exponentially in the region by providing transformational solutions to over 50 leading organizations across industries, including 9 of the top Fortune 500 companies in the ANZ region. In Australia, Satyam has been working in the areas of enterprise application, managed services, business intelligence and warehousing. The company is located out of Sydney, Melbourne, Canberra and Brisbane.

On July 17th, Emirates Bank signed a strategic contract with Satyam to implement an end-to-end Enterprise Financial Management (EFM) solution for itself. This solution is critical to the bank’s business needs and will create and implement a single source of financial data. The contract will assist in meeting the requirements of various entities that form part of Emirates Banking Group. The solution will be based on Oracle Financials and the contract is a large multi-year one.

In the Middle East, Satyam is perceived as a partner who is known to deliver value in all aspects of engagement from strategy, planning, execution, delivery, program management and support.  Besides, factors such as ready availability of a bi-lingual local workforce and its significant presence in the local Middle-East markets helped clinch the deal in Satyam’s favor. Satyam is acknowledged as a leader in the enterprise business solutions space and has one of the largest enterprise applications practices among leading IT vendors. With over 160 Oracle implementations in the Middle East region itself, Satyam is a force to reckon with.

Headquartered in Dubai, Satyam has already established significant presence in Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Oman and Bahrain with Global Development Centers in Egypt and Al Khobar. This expansion in the region is being fueled by the investments in the local markets with a view to get closer to their customers. In the past 12 months, Satyam has been engaged in several niche areas such as Enterprise Applications, IT Strategy Consulting, Quality Consulting, Data warehousing & Business Intelligence with various leading organizations across the Middle East.

About Satyam
Satyam Computer Services Ltd. , a leading global consulting and information technology services company, provides a comprehensive scope of services to help customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Nearly 40,000* highly skilled Satyam professionals work onsite, offsite, offshore, and nearshore to provide customized business solutions for companies in several industries. Satyam’s ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam has Development Centers in the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, India, China, Japan, and Australia. These centers serve 558* global companies, of which 163* are Fortune Global 500 and Fortune US 500 corporations. Satyam’s presence spans 55 countries, across six continents.
*As of March 31, 2007

Satyam

India   Shakuntala Sarkar, Shakuntala_sarkar@satyam.com,  +919885106696
US and Europe   Priti Thakker, Priti_thakker@satyam.com, +1-973-753-1858 / +44 0 7717345581
Asia- Pacific   Violet Yeo, Violet_Yeo@satyam.com, +614 184 00 833


Ogilvy Public Relations Worldwide

Hyderabad   Geeta Fadnavis,             geeta.fadnavis@ogilvy.com  +919849256292

Safe Harbor
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors” in our report on Form 20-F concerning the quarter ended March 31, 2007, furnished to the United States Securities Exchange Commission on April 30, 2007 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.

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About Satyam
Satyam Computer Services Ltd. , a leading global consulting and information technology services company, provides a comprehensive scope of services to help customers reengineer and reinvent their businesses to compete successfully in an ever-changing marketplace. Nearly 40,000* highly skilled Satyam professionals work onsite, offsite, offshore, and nearshore to provide customized business solutions for companies in several industries.

Website: www.satyam.com
End
Source:Ogilvy Public Relations Worldwide
Email:Contact Author
Tags:Satyam, Emirates, Singapore, Deals, Mr Virender Aggarwal
Industry:Software, Technology, Computers



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