Satyam Computer Services Ltd. (NYSE: SAY), a leading global consulting and information technology services provider, announced today that it plans to collaborate on several critical research projects with The Centre for Data Engineering (CDE) at the International Institute of Information Technology (IIIT) in Hyderabad. The CDE conducts extensive research in data engineering to develop innovative solutions that meet the market’s increasing demands in data and information management solutions.
Satyam and the CDE will work on the “Nurture a Research Area” Program, which was established to foster collaboration between industry bodies and IIIT to create solutions to problems in areas of mutual interest. The collaboration between IIIT-Hyderabad and Satyam will focus on research and development in data mining and open source technologies. Additionally, it will leverage the analytics expertise of IIIT to uncover business opportunities associated with social networking. The organizations will also work together to create methodologies and tools to extract knowledge from these networks and develop joint assets.
“Satyam and the CDE are focusing on data mining, especially where it concerns behavioral and psychographic analysis that will give companies insights into the buying behaviors of their customers,” said Swaminathan Srinivasan, Head, BI and PM Solutions & Alliances at Satyam. “There is a real need for such solutions today, since most companies are sitting on huge volumes of data but cannot ‘get their arms around it’ to make meaningful decisions.”
Satyam and the CDE have also been working on service-oriented architecture and testing as per a separate agreement between SatyamQEdge team and IIIT-Hyderabad since May’2008. Other areas of focus include databases, query processing, data mining, information retrieval, mobile data dissemination, multi-agent systems, knowledge management and recommendation systems.
“We are grateful for Satyam’s sponsorship of our Nurture a Research Area program, and its commitment to topics of interest to the school and the business community,” said Prof. Rajeev Sangal, Director IIIT-Hyderabad. “We look forward to leveraging the data and text mining expertise we have developed at the CDE, along with Satyam’s business and industry capabilities, to build exceptional tools and solutions that glean significant value and knowledge from social networking sites.”
About Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and more than 65* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 52,865* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 690* clients, including 185* Fortune 500. For more information, see www.satyam.com.
*As of September 30, 2008
About IIIT, Hyderabad
International Institute of Information Technology (IIIT), Hyderabad a research university was established in 1998. A major goal of IIIT is to impart a uniquely broad and interdisciplinary IT education of the highest academic quality. This is achieved through an integrated curriculum that consists of a highly diverse set of IT courses, interdisciplinary IT research projects, day-to-day interaction with industry, and preparation in entrepreneurship. For more information please check: www.iiit.ac.in.
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 6-K concerning the quarter ended September 30, 2008, furnished to the Securities and Exchange Commission on 07 November, 2008, and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at http://www.sec.gov.
