Satyam signs 10-yr deal with Reuters

Hyderabad-based Satyam Computer Services signed an agreement with Fujitsu Services to provide IT services to Reuters as part of a 10 year, $1 billion internal information systems transformation programme. This deal will deepen the company's relationship with Reuters as it will extend the range of services currently offered.

Under the 10 year contract, the company will be extending its support and development of a large number of core applications, as well as providing managed infrastructure services for desk side support, a global Network Operations Centre and Remote Infrastructure Management. The provision of support and services will be extended across 17,500 Reuters employees based in over 100 countries.

Satyam has been a premier service provider delivering key services to Reuters for over six years. Under the new contract the company will now provide some of its services to Reuters via Fujitsu, rather than directly. These services will be delivered from its current Reuters Offshore Delivery Centre in Hyderabad as well as from a new centre in Chennai.

"This is one of the largest multi-year deals signed by Satyam. It is secured on the back of deep and long-term customer relations", commented Dr. Roger Newman, head of Satyam's TIMES business verticals in Europe.

"We believe that this will deliver substantial benefit to both Reuters and Fujitsu and serve as a model for similar deals in the future," he further added.