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Satyam bags 4 deals from Singapore, Australia, UAE

These deals are the largest hauls to-date following the company's participation in recent public and private tenders.
PTI | By HT Correspondent, Mumbai
UPDATED ON JUL 17, 2007 05:52 PM IST

IT solutions provider Satyam Computer Services on Tuesday said it has recently bagged four major deals in Singapore, Australia and UAE.

"We mine almost 17 per cent of our revenues from ROW region, which consists of all geographies other than Europe and America. The outsourcing forecasts in the coming years is promising in this region," Saytam Director and Senior Vice President (APAC and MEIA) Virender Aggarwal said.

All these deals are among the largest hauls to-date in the specific regions following the company's participation in recent public and private tenders. Two of these deals from the Singapore government are outsourcing and IT services contracts, the company said in a communique to the Bombay Stock Exchange (BSE).

Under the agreement, Satyam, would be responsible for application management and maintenance of new and existing systems. In addition, it would consult the respective government departments on future technology directions and business practices.

In some cases, it would also provide business transformation initiatives to yield optimum business results.

As per a multi-year contract secured from Emirates Bank, the IT giant would implement an enterprise financial management solution, which would help the lender to have better efficiencies and control, and augment business strategy for continuous enhancement of internal processes, Satyam said.

The solution will be based on Oracle Financials.

Satyam would also deliver application development and consulting services to one of Australia's largest transport provider.

Shares of Satyam closed at Rs 488.30, up 1.30 per cent on the BSE.

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