Satyam announces four major deals in ROW

Satyam Computer Services Ltd on July 17, 2007 has announced 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, the Company 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, the Company's director and senior vice president of APAC and MEIA.

The Company has bagged two multi-year outsourcing and IT services contracts from the Singapore government. The Company 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, the Company will have end-to-end responsibility for application management and maintenance of new and existing systems. In addition, the Company will consult the respective government departments on future technology directions and business practices. In some cases, the Company will also provide them with business transformation initiatives in order to yield optimum business results.

Today, the Company 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 the Company's Global Business Continuity and Disaster Recovery center and in 2006, the Company 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, the Company has been selected for enterprise upgrade to SAP ECC 6.0, application development and maintenance outsourcing and consulting services.

The Company 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, the Company 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 the Company 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, the Company 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 the Company's favor. The Company 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, the Company is a force to reckon with.

Headquartered in Dubai, the Company 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, the Company 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.

Source : Equity Bulls

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