Satyam Opens Brisbane Solution Center
- New 50-seat facility will support regional customers
- Center will create substantial jobs and support Australian enterprise application integrated Centre of Excellence
- Fourth center in Brisbane established, in addition to centers in Sydney, Melbourne and Canberra
Hyderabad, September 27, 2007: Satyam Computer Services, Ltd. (NYSE:SAY), a leading global consulting and information technology services company, today announced the launch of a new solutions center in Brisbane’s Central Business District. The facility will support Queensland-based clients across various IT platforms with an emphasis on enterprise application-based solutions. The facility reflects Satyam’s commitment to the Australian market (the company has development centers in Melbourne and recently launched a regional solutions hub in North Sydney adding up to over 7,500 square meters) as well as its continuous efforts to bolster its Virtual Global Delivery Model.
B. Rama Raju, Satyam’s co-founder and managing director, officially opened the new facility at a ceremony attended by several senior Satyam clients, and officiated by Anita Nayar, India’s Consul General.
“Satyam is already well established in Australia and today’s announcement reinforces our ongoing commitment to collaborating with customers—wherever they need us—to transform their organizations,” Rama Raju said. “The Brisbane facility will generate world–class ICT solutions and offer the same expertise and project management capabilities as our other solution centers across the globe. Moreover, it will enable Satyam to meet specific regional requirements of our Queensland-based clients and help them excel in a competitive national business environment. It clearly demonstrates our willingness to adjust our delivery models to align with our customers’needs”
“Queensland has a vibrant ICT industry that attracts exceptional talent from across Australia and elsewhere in the region,”said Virender Aggarwal, Satyam’s director and senior vice president for APAC–MEIA. “This creative, energetic talent pool will bolster our capabilities to provide specialized ICT solutions locally and to global customers. With its pro-business initiatives, Queensland has earned its reputation for attracting international ICT organizations like Satyam to establish a presence here.”
The Brisbane development center will serve local government, finance, and insurance clients, while addressing other sectors, including mining. In addition, a significant proportion of Satyam’s Australian development will also take place at the new facility, primarily the development of future enterprise applications for both Australian and multinational clients. The center currently employs 40 professionals and expects to employ another 50 professionals in the near future.
Today, Satyam has a diverse workforce of over 1200 associates serving Australia out of which over 800 are based in Australia. Satyam has laid major emphasis on local employment generation and today over 42% of associates in Australia are local nationals. Apart from hiring experienced local professionals Satyam is working closely with Australian Computer Society (ACS) to foster interest back in IT amongst Australian youth. Towards this initiative Satyam has offered scholarships to about 100 associates; many of the university students are already enjoying the benefits of this scholarship and are currently getting trained in India to the same exact standards and training that our Indian engineers go through in Satyam’s campuses. These young graduates after their training will come and form part of Satyam’s Australia’s team. Some of these engineers who attended training in India last year are already working with our clients in Australia.
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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 20-F concerning the quarter ended March 31, 2007, furnished to the United States Securities Exchange Commission on April 30, 2007 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.
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