Satyam signs a multi-year deal with Fujitsu Services providing global outsourcing services to Reuters
HYDERABAD, India, October 23, 2007: Satyam Computer Services Limited (NYSE:SAY), Satyam has signed an agreement with Fujitsu Services to provide IT services to Reuters as part of a 10-year, $1Billion internal information systems transformation programme. This deal will deepen Satyam’s relationship with Reuters as it will extend the range of services currently offered.
Under the 10-year contract, Satyam will be extending its support and development of a large number of core applications, as well as providing managed infrastructure services for desk side support, a global Network Operations Centre and Remote Infrastructure Management. The provision of support and services will be extended across 17,500 Reuters employees based in over 100 countries.
Satyam has been a premier service provider delivering key services to Reuters for over six years. Under the new contract Satyam will now provide some of its services to Reuters via Fujitsu, rather than directly. These services will be delivered from its current Reuters Offshore Delivery Centre in Hyderabad as well as from a new centre in Chennai.
Satyam was awarded the contract, by Fujitsu Services based on its commitment to innovation and its ability to provide increased efficiencies and additional economic value.
“Satyam are a key partner within our service integrator model with Reuters,” commented Steve Andre, Managing Director, Private Sector, Fujitsu Services. “Their expertise in application support and development, along with significant offshore capability and network operations skills, made them a compelling choice for our deal with Reuters.”
"This is one of the largest multi-year deals signed by Satyam. It is secured on the back of deep and long-term customer relations", commented Dr. Roger Newman, Head of Satyam's TIMES business verticals in Europe. "We believe that this will deliver substantial benefit to both Reuters and Fujitsu and serve as a model for similar deals in the future.
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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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