24.03.2006 16:02:00
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Satyam Enters Into Application Management Services Agreement with Nissan North America
CHENNAI, India, March 24 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. , a global consulting and IT services provider, announced that it has signed a 5 year deal to maintain, support, and enhance the application portfolio for Nissan North America. The deal encompasses an application portfolio spanning multiple business functions, multiple plants and locations and multiple business units. Nissan has selected Satyam to manage all its mission critical business applications, in its key North American market.
Speaking of the contract, Mr. Subu D Subramanian, Director and Sr VP Manufacturing and Automotive Business, Satyam, said, "We are delighted on our selection by Nissan as their IT service provider in this landmark deal. This business is very strategic for us. This multi year deal further consolidates Satyam's leadership position as an end-to-end solutions provider to global automotive customers. We are proud to be selected by Nissan in this prestigious deal as its IT applications provider for managing its North America portfolio of applications and program management responsibility. We look forward to an exciting relationship."
Under this engagement, Satyam will provide applications management services for Nissan's operations in accordance with stringent Service levels. Nissan's expectation is that Satyam will deliver superior value at improved service levels while developing an innovative application environment to Improve and Differentiate Nissan's business.
"We are looking forward to working with Satyam through this new relationship. Satyam's expertise and global presence will aid Nissan in reaching its IT objectives and the support of our business," said Bob Greenberg, Chief Information Officer, Nissan North America Inc.
About Satyam
Satyam Computer Services Ltd. is a global IT consulting and services provider, offering a range of expertise aimed at helping customers reengineer and reinvent their businesses to compete successfully in an ever- changing marketplace. Nearly 26,000* highly-skilled professionals in Satyam work onsite, offsite, offshore and nearshore, to provide customized IT solutions for companies in several industry sectors. Satyam's ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards. Satyam Development Centers in India, the USA, the UK, the UAE, Canada, Hungary, Malaysia, Singapore, China, Japan and Australia serve 452* global companies, of which 155* are Fortune Global 500 and Fortune US 500 corporations. Satyam's presence spans 53 countries, across six continents. For more information, please visit http://www.satyam.com/
* as on December 31, 2005 Satyam Contact
For further information please contact: corporate_communications@satyam.com
Safe Harbor
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 6K concerning the fiscal quarter ended Dec. 31, 2005, furnished to the United States Securities Exchange Commission on January 27, 2006, 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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