SAY Saratoga Investment Corp

New solution combines Oracle technology and Satyam innovation capabilities and industry expertise HYDERABAD, India, Nov. 13 /PRNewswire/ -- Satyam Computer Services Ltd. (NYSE:SAY), a leading global consulting and information technology services provider, announced today that they will launch Airline xPress Solution, the first, in a series of innovative Oracle-based xPress solutions, developed by Satyam. Airline xPress is a solution for low-cost airlines to help manage their back-office operations and streamline airline industry companies' purchasing, inventory, human resources, and accounting processes. Airline xPress will also provide rapid, off-the-shelf, predefined business process flows, ready-made project life cycle components, templates, and utilities for airline industry customers. It is particularly well suited to emerging airlines and low-cost carriers. "This robust solution will help airline industry organizations enjoy markedly enhanced operational efficiency," said Sriram Papani, Sr Vice President, Enterprise Applications, Satyam Computer Services. "By leveraging Oracle's leading-edge application products and Satyam's exceptional innovation capabilities, we have created a standardized solution that will accelerate transformation and drive their future competitive strength." The solution was developed in Satyam's Futurus laboratory, a facility to design and simulate future business scenarios. Futurus enables next-generation prototyping and demonstration, in which customers play a critical role. They are able to see, first-hand and in real time, how an application or system will perform, and what their business will look like. As a result, they are far better able to make accurate and profitable business decisions. "Like Satyam, we are always trying to anticipate, identify, and fulfill unmet marketplace needs," said Andy Bailey, senior vice president, Worldwide SI Alliances at Oracle. "We're pleased to work with Satyam to combine Oracle software and Satyam expertise to tailor an industry solution to the unique requirements of airline industry organizations." The advantages Airline xPress brings to customers are significant. For example, it captures general station, outstation, agents, and ICH bookings, which prevents revenue leakage. It also demarcates revenue streams into passenger, cargo, and miscellaneous sales categories. Direct operating costs, such as fuel, aircraft lease, etc., are also managed and controlled, while indirect costs are captured and allocated. Moreover, Airline xPress helps companies manage employee travel expenses, vacation, and training. And, it can access industry reports readily. The solution also: -- Settles inter-airline transactions -- Manages in-flight items, issues, and stocks -- Manages assets and their depreciation (in accordance with local requirements) -- Includes a comprehensive recruitment management capability -- Features organization-wide learning initiatives -- Records employee information and its visibility to line/staff managers -- Requisition monitoring and approvals for procuring material over the Internet "Airline xPress features predefined process flows, mapped on Oracle applications, which serve as a framework to integrate financial information from Oracle and non-Oracle applications. In addition, the solution meets key requirements for recording and reporting information" said Ravishankar P, AVP, Satyam Computer Services. "Airline xPress is one amongst a series of xPress solutions that offers fixed features, fixed duration and fixed price solution capsules which helps customers enjoy business value at a rapid velocity," said V. Srinivasa Rao (VSR), AVP - Vertical Solutions, Enterprise Applications, Satyam Computer Services. 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 57 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 42,500 (see note 1) 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 570 (see note 1) clients, including one-third of the US Fortune 500. For more information, see http://www.satyam.com/. Note 1: As of June 30, 2007 Trademarks: Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Satyam Contacts For clarifications, write to us at Or contact our global PR representatives at: India -- Geeta Fadnavis, , +91-040-23220067 US -- Siobhan Aalders, , +1-212-880 5341, +1-347-387-0733 Europe -- Clare Gibbins, , +44-20-7309-1037 Asia-Pacific -- Reshma Wad Jain, , +65-6737-4844, +65-981-40507, or Simon Murphy, , +61-02-8281-3826 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 June 30, 2006, furnished to the United States Securities Exchange Commission on July 28, 2006 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: Geeta Fadnavis, , +91-040-23220067; US: Siobhan Aalders , +1-212-880 5341, +1-347-387-0733; Europe: Clare Gibbins , +44-20-7309-1037; Asia-Pacific: Reshma Wad Jain, , +65-6737-4844, +65-981-40507, Simon Murphy, , +61-02-8281-3826; all for Satyam Computer Services Ltd. Web Site: http://www.satyam.com/

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