Satyam plans new facility in Australia
Satyam Computer Services Ltd plans to set up a software development and support facility in Australia to reduce dependence on the US market.business Updated: Apr 14, 2008 10:16 IST
Satyam Computer Services Ltd, India's fourth-ranked software services exporter, said on Monday that it will set up a software development and support facility in Australia as part of its expansion to reduce dependence on the US market.
New York-listed Satyam, which specialises in business software and offers back-office and outsourcing services, said that the centre would have 2,000 staff.
The new facility in Geelong, south-west of Melbourne, will more than double Satyam's operations in Australia. It has about 1,400 staff in four cities.
The company gets about half of its revenue from the United States but is seeking to expand its business in the Asia-Pacific and Europe to reduce dependence on the ailing US economy, where a string of companies have warned about deteriorating business spending.