/C O R R E C T I O N -- Satyam Opens Multilingual South American Development Center/
April 09 2007 - 5:20PM
PR Newswire (US)
In the news release, issued Wednesday, April 4, by Satyam Computer
Services, Ltd. (NYSE: SAY) over PR Newswire, the third paragraph,
second sentence, should read, "Flavio Reis, IT Manager Systems and
Process Division, Latin America Operations of Caterpillar," rather
than "Flavio Reis, the CIO of Caterpillar," as originally issued
inadvertently. Complete, corrected release follows: SAO PAULO,
April 4 /PRNewswire-FirstCall/ -- Satyam Computer Services, Ltd.
(NYSE:SAY), a leading global and information technology services
company, announced today that it has launched a 4,500-square-foot
development center here, its largest facility in South America. The
Satyam Latam Center is already providing services for several
Brasilian, other South American, and global customers.
Professionals at the center provide application outsourcing and
development, enterprise resource planning software implementation
and outsourcing, and infrastructure management services and
consulting. "Establishing a strategic facility in South America
complements numerous other Satyam development centers in Africa,
Asia, Eastern Europe, and North America," said Ram Mynampati,
president of Satyam's commercial and healthcare businesses. "It
also demonstrates Satyam's commitment to providing exceptional
client service via a global delivery model, and reinforces our
dedication to the local market." Cleiton Amaral Dias, the chief
information officer at Invista, inaugurated the facility today.
Three other local business leaders, Jane Ricci, an IT manager at
Camargo Correa; Mario Marandino, an IT manager at Nestle; and
Flavio Reis IT Manager Systems and Process Division, Latin America
Operations of Caterpillar Inc, served as lamplighters. The lighting
of a lamp at a kickoff ceremony is an ancient Indian tradition that
symbolizes the removal of ignorance and darkness. The center's
inauguration coincided with Satyam's hosting of the First Latin
American Geosourcing Forum at the Blue Tree Hotel, an event
attended by more than 40 CXOs and key decision makers. "The opening
of the Satyam Latam Development Center and our participation in the
Geosourcing Forum are strong indications of Satyam's dedication to
clients all over the world, and to Latin America in particular,"
Mynampati said. "We are always on the lookout for places where
exceptional people wish to excel, and South America fits that bill
very nicely. Sao Paulo has several excellent universities. As a
result, it also features a great number of skilled and highly
capable information technology and business professionals who would
benefit Satyam and our clients tremendously." "In addition to
enabling Satyam to respond to our clients' needs with more agility,
the new center will serve as the organization's South American
headquarters," said Gary Teelucksingh, leader of the company's
initiatives in the Americas. "Moreover, it marks the first of
several key investments Satyam is making on this continent. In
fact, plans for another substantial center in Brasil are already
under way." Sao Paulo Governor Jose Serra is also pleased with
Satyam's decision to increase its footprint here. "This thriving,
growing city is Brasil's industrial and financial center, and
features numerous high-profile organizations that are already
Satyam clients. We look forward to leveraging our skills in Sao
Paulo and throughout the world to deliver superior business
solutions for the outstanding companies here." About Satyam
Computer Services Satyam Computer Services Ltd. (NYSE:SAY), 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 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. For further information, log onto
http://www.satyam.com/. *As of 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, ,
+1-973-753-1858 / +44 0 7717345581 Asia- Reshma Wad Jain, , +65
6737 4844, Pacific +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.
Web site: http://www.satyam.com/
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