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Satyam bags Merrill deal worth $5m

New Delhi, Dec. 5: Satyam Computer Services Ltd has bagged an over $5 million (Rs 25 crore) landmark development and maintenance project from Merrill Lynch.

The deal, which was signed on Wednesday, involves building a global next-generation Research Analyst Workbench on Microsoft's leading-edge technology platform. The products developed will be targeted at investment banking, financial services and research community.

The product will meet all the regulatory demands, market pressures and extensive industry-wide benefits.

The contract to Satyam is a part of an order given to a consortium such as Microsoft and Dell.

Commenting on this project, president Ram Mynampati said, “It’s a landmark achievement for Satyam as it reflects the significant depth of our financial services’ competency.”

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