| Satyam bags 4 ROW deals worth $75mn |
| BS Reporter / Mumbai July 17, 2007 |
| Hyderabad-based Satyam Computer Services, a leading global consulting and IT solutions provider, has bagged four major deals in Singapore, Australia and the UAE. The deals are cumulatively worth around $70-75 million (a little over Rs 300 crore). The deals, spread over 6-7 years each, are estimated to add around Rs 50 crore to the revenues of the IT major every year. The billing, though, would be higher for the initial two years. Two of these multi-year deals from the Singapore government are primarily outsourcing and IT services contracts for a period of 6 years each. For the Emirates Bank in the UAE, the global IT giant will implement an Enterprise Financial Management solution which will help the bank in having better efficiencies and control at the Emirates Bank Group level. The 7-year deal will enable integration of support functions and build best-in-class organisational processes. In Australia, Satyam will deliver Application Development and Maintenance and Consulting Services to one of Australia |
