The announcement was made at SAPPHIRE® 2008, SAP’s international customer conference, being held in Orlando, Florida, May 4–7.
Satyam joins a select group of large consultancies in the “SAP Global Partner – Services” program. As an SAP global services partner, Satyam will further invest in joint marketing resources and strategic planning to support the growth with SAP and serve customers worldwide. The partnership is wholly focused on enhancing value for customer investments in SAP solutions. Satyam has one of the largest SAP practices globally and plans to expand from 5,000 to 6,800 SAP consultants by the end of this year.
“This agreement represents an important milestone for Satyam to be included in this prestigious group of SAP partners,” said Manish Mehta, director and senior vice president and global head, SAP/Testing Practices, Satyam. “This SAP partnership status is a testimony to Satyam’s commitment and expertise in delivering SAP solutions. We will continue to invest in and grow our already significant SAP business, not only in established markets, but in emerging ones such as the Middle East and Eastern Europe. An example of this is our commitment to have a sizeable pool of consultants trained in SAP value engineering approaches during 2008 to further augment our business transformation services to clients.”
SAP will leverage Satyam’s deep industry-specific knowledge and technology expertise in creating vertical solutions for customers across various industries. Satyam’s strategic investments are in developing composite solutions with an SAP focus on domains such as the automotive, retail, banking, telecom and oil and gas industries.
As announced in March 2008, Satyam signed as one of the first accredited strategic partners for SAP in the Middle East and North Africa region.
“SAP is pleased to take its relationship with Satyam to the next level by making it a global services partner,” said Manfred Heil, senior vice president, Global Ecosystem and Partner Group, SAP. “Satyam has a strong track record of transforming customers’ business processes together with SAP, and will help extend the value of our customer-focused ecosystem.”
SAPPHIRE® 2008 Orlando and SAPPHIRE® 2008 Berlin
More than 15,000 customers, partners and technical experts are convening at SAPPHIRE 2008 to discover how SAP and its thriving partner ecosystem are delivering IT solutions that create value beyond the four walls of the enterprise, to create “business beyond boundaries.”
Based on the success of last year’s events, SAP and the Americas’ SAP Users’ Group (ASUG) are co-locating their premier events in Orlando, where the 2008 ASUG Annual Conference takes place May 4-7.
About SAP
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” (For more information, visit www.sap.com)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
About Satyam
Satyam (NYSE:SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 61* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 49,199* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 630* clients, including more than one third of the Fortune 500. For more information, see www.satyam.com.
*As of Dec. 31, 2007
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 6-K concerning the quarter ended December 31, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.
This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Satyam and that will contain detailed information about Satyam and its management, as well as financial statements.
