Satyam Computer signs multi-year deal with Applied Materials

Satyam Computer Services Ltd on March 28, 2007, has announced that it has signed a five-year contract with Applied Materials, Inc, the global leader in Nanomanufacturing Technology^TM to the electronics industry. The Company will provide application development, maintenance, and support (ADMS) plus business transformation core technology services to Applied Materials through a managed services delivery model.

As evidence of its commitment, the Company has created a dedicated development center for Applied Materials. The facility will be part of the Company's Electronic City campus at Bangalore.

"We expect the Managed Services approach to become commonplace, and to serve as a model for numerous future engagements with other customers," said B Ramalinga Raju, the Company's founder and chairman. "it is an example of how Satyam strives to deliver exceptional value and innovation to its customers. These efforts, as well as our commitment to continuous improvement, are further demonstrated by our establishment of a facility dedicated to Applied Materials."

The Company has provided ADMS and Engineering Services to Applied Materials for more than five years prior to this announcement.

Source : Equity Bulls

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