Satyam Signs Multi-Year Deal With Applied Materials
March 28 2007 - 9:33AM
PR Newswire (US)
- Value of the contract is estimated to be US $200 million
HYDERABAD, India, March 28 /PRNewswire-FirstCall/ -- Satyam
Computer Services, Ltd. (NYSE:SAY), the leading global and
information technology services company, announced today, that it
has signed a five-year contract with Applied Materials, Inc., the
global leader in Nanomanufacturing Technology(TM) to the
electronics industry. Satyam will provide application development,
maintenance, and support (ADMS) plus business transformation core
technology services to Applied Materials through a managed services
delivery model. "We believe the Managed Services model, along with
service level agreements, is the right approach for Applied
Materials," said Ron Kifer, group vice president and chief
information officer of Applied Materials. "We expect this model to
provide us with a very cost-effective solution for managing IT and
business infrastructure processes and activities, as well as
measurable service level and quality enhancements. Satyam's mature
processes, deep technical capabilities and high level of commitment
were the key factors in our decision to engage them in this
strategic relationship." As evidence of its commitment, Satyam has
created a dedicated development center for Applied Materials. The
facility will be part of Satyam'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, Satyam'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." Satyam has provided ADMS and Engineering
Services to Applied Materials for more than five years prior to
this announcement. About Satyam Satyam Computer Services Ltd.
(NYSE:SAY), the 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
38,000* 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 541* global companies, of which 158* are Fortune
Global 500 and Fortune US 500 corporations. Satyam's presence spans
55 countries, across six continents. TIMES (Telecom Infrastructure
Media Entertainment Semiconductors) is a vertical business in
Satyam, focused on providing solutions in the convergent space.
Today it accounts for 20% of the company's revenue. *As on Dec. 31,
2006 Satyam contacts For further information, contact: India
Shakuntala Sarkar, , +919885106696 Rajesh, , +91 40 55316861, +91
98490 42184 US Ivette Almeida, 1-646-284-9455 +1-201-232-0128
Europe Priti Thakker, , +44 (0)20 7715 5000 +44 (0) 7717345581
Asia- Pacific Reshma Wad Jain, , +65 6737 4844, +65 98140507 or
Amber Dale, , Jiang Ying, , +86 21 5080 7600 extn 4015, +86
13816686084 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, 2006, furnished to the United States
Securities Exchange Commission on January 27, 2007 and the other
reports filed with the Securities Exchange Commission from time to
time. These filings are available at http://www.sec.gov/.
DATASOURCE: Satyam Computer Services Ltd. CONTACT: India,
Shakuntala Sarkar, +919885106696, ; or Rajesh, +91 40 55316861, +91
98490 42184, ; or US, Ivette Almeida, 1-646-284-9455,
+1-201-232-0128, ; or Europe, Priti Thakker, +44 (0)20 7715 5000,
+44 (0) 7717345581, ; or Asia- Pacific, Reshma Wad Jain, +65 6737
4844, , or Amber Dale, , or Jiang Ying, +86 21 5080 7600 extn 4015,
+86 13816686084, , all of Satyam
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