Mahindra Satyam, the brand identity of IT services provider Satyam Computer Services, on Tuesday said it has signed an offshoring deal with BASF IT Services.
BASF IT Services, a BASF Group company and subsidiary of leading chemical company BASF, is among the leading IT service providers for the process industry in Europe.
The deal, which was awarded to Mahindra Satyam following a competitive bidding process is aimed to enhance BASF's capacity to provide managed services for the company's extensive installed base of SAP, messaging and groupware as well as user administration, a press release issued here said.
The contract, based on a 100 per cent outcome oriented model, is for a three-year period with a two times one year extension option, the release said.